a computer screen showing a screenshot from inside the program

Budget Formulation to Execution

  • Establishes and manages budgets across diverse structures and levels of detail while automating distribution and spending controls based on congressional and/or management requirements.
  • Facilitates detailed tracking of budgetary events including appropriations, continuing resolutions, marks, rescissions, authority transfer and reprogramming.
  • Tracks spending to budgets at all levels automatically, which streamlines the ability to see the current budget standing and decreases the risk of manually calculating inaccurate balances.
  • Facilitates detailed analysis by providing drill down capabilities to view all spending transactions that have processed against a specific component of the budget.
  • Provides automated and configurable capabilities to withdraw unused funds, establish carryover balances and distribute carryover funding.
  • Facilitates budget management with automated notifications once spending has reached agency-defined thresholds.

Acquire-to-Dispose

  • Includes asset accounting processes for initial procurement, betterments, transfers, depreciation and disposals.
  • Accounts for assets under construction and work in progress.
  • Captures updates to total asset value based on interest, penalties, and discounts applied during the disbursement process.

Procure-to-Pay   

  • Automated processes reduce data entry and eliminate reconciliations including automated one-, two-, three-, and four-way matching; automated accruals; configurable invoice-to-pay automation; proration worksheets; prepayment application; and automated Prompt Pay calculations.
  • Includes patented capabilities with an automated, streamlined process for recording and reconciling purchase, travel and fleet card activity that automatically triggers payments to maximize rebates.
  • Offers multiple disbursing methods.

Bill-to-Collect

  • Tracks and manages outstanding debts owed to the agency, including amortization of payment schedules, tracking of repayment status, generation of notices and referral of debts as needed.
  • Provides automated processes that reduce data entry including referrals; write-offs; automated assessment of interest, penalties, and administrative charges; allowance for loss; and bill presentment.
  • Features a case history feature that provides the ability to review all activity associated with the receivable in one view.

Agree-to-Reimburse

  • Accumulates the costs and revenue associated with projects and reimbursable agreements.
  • Accounts for advances received, costs and overhead applied and revenue recognition and billing on a number of bases (cost basis, fixed price basis, etc.)
  • Provides automated G-Invoicing and Intragovernmental Payment and Collections transaction interfaces to streamline agencies’ intragovernmental transaction processing.
A laptop screen with a screenshot from inside a program
A laptop screen showing a screenshot of the inside of the program

Record-to-Report

  • Complies with the U.S. Standard General Ledger and federal financial management guidance.
  • Facilitates General Ledger (GL) analysis and enables accounting and reporting staff to see the impact of their financial transactions immediately in reports and financial statements through real time GL postings.
  • Produces silent general ledger and posting compliance through robust posting models. A user simply enters the transaction, and the system derives the correct postings based on transaction data; there is no need for those entering data to understand the complexities of the underlying accounting.
  • Budgetary and proprietary postings occur in real time during transaction processing, so the ledgers always reflect the current balances.
  • Report balances are flexible with user configuration, allowing agencies to adjust to requirement changes without software updates. For example, new Government-wide Treasury Account Symbol Adjusted Trial Balance System attributes can be accommodated with front end configuration.
  • Supports statutory reporting needs, including 1099, 1098-F, Digital Accountability and Transparency (DATA) Act, agency financial statements, Treasury Report on Receivables, SF-224 Reclassifications, SF-132 and SF-133 reports.
  • Facilitates easier financial analysis by providing the capability to drill down from report or financial statement lines to the supporting transaction details.
  • Streamlines agency year-end budget processing by enabling agencies to configure the level of detail for closing each GL account and the carryover authority amounts to be rolled over, as well as the budget levels at which they are rolled over.

Book-to-Reimburse

  • Enables tracking of and accounting for travel orders, advances, and vouchers related to local travel, temporary duty assignments and permanent change of station.
  • Supports travel-related payments to vendors and credit card companies as well as expense reimbursements for travelers.

Hire-to-Retire

  • Facilitates import and data mapping of payroll activity from federal payroll providers with a configurable crosswalk.
  • Records payroll expenditures, bills, collections and accruals automatically.
  • Provides the ability to allocate individual employee payroll charges across multiple lines of accounting.
  • Supports postings at line of accounting summary and employee detail levels

 

Key Features

We offer the first core financial system approved for Treasury’s Financial Management Quality Service Management Office Marketplace, validating Federal Integrated Business Framework compliance.

Out-of-the-box integration with:

  • Automated Standard Application for Payments (ASAP)
  • Central Accounting Reporting System (CARS)
  • Collections Information Repository (CIR)
  • Cross -Servicing Next Generation (CSNG)
  • Department of State Disbursing
  • Do Not Pay
  • Federal Reserve Bank Disbursing
  • G-Invoicing
  • GSA SmartPay
  • Intra-Governmental Payments and Collection (IPAC)
  • Invoice Processing Platform (IPP)
  • Payment Automation Manager (PAM)
  • Payment Information Repository (PIR)
  • PAY.gov
  • Payment Management System (PMS)
  • DOI, GSA, NFC and DFAS Payroll systems
  • Secure Payment System (SPS)
  • Shared Accounting Module (SAM) (Treasury)
  • System for Award Management (SAM)
  • Treasury Offset Program (TOP)

To learn more  download the fact sheet