SAP Introduces Software Package to Help Public Sector Customers Optimize Economic Stimulus Funds
Solution Can Provide Transparency and Accountability Into How Tax Dollars Are Spent
WASHINGTON, D.C. and WALLDORF, Germany .- Public sector organizations are receiving unprecedented amounts of economic stimulus funds and need to provide transparency into how those funds are spent while measuring the achievements of those programs. In response, SAP AG (NYSE: SAP) has released a software package to support the management and reporting of economic stimulus funds. The new package consists of a software solution designed to help public sector organizations make the best use of economic stimulus funds by delivering transparency into spending, accountability and performance evaluation. Based on solutions from the SAP® BusinessObjects™ portfolio, the new package gives government organizations the visibility required to track and optimize performance.
The public recovery money comes with a series of challenges for public sector organizations. Both governments and citizens want to know how the stimulus funds are being used and what results are being achieved. For example, recipients of funds from the American Recovery and Reinvestment Act (ARRA) must meet legal requirements to publish timely and accurate accounting, allocation and results data for every dollar received. The stringent requirements provide an opportunity for public sector organizations to become more efficient, “best-run” organizations, as well as increase their political and public support.
“At a time of keen focus on economic stimulus funds, SAP has responded quickly to help public sector customers address demands for transparency and accountability in the use of public funds,” said Mike de la Cruz, president, SAP Global Public Services. “The increased transparency is not only a requirement; it leads to better use of the funds and increased citizen involvement.”
SAP has helped public sector organizations address evolving government priorities for over three decades. Over 4,000 federal, state and local government agencies use SAP® solutions, approximately 1,900 of these organizations are in the United States. The economic stimulus funds management and reporting package from SAP combines business intelligence, information management and performance management functionalities. Taken together, public sector organizations have a powerful way to analyze and report on how public money is being spent. At the same time, these solutions help government agencies to manage data accuracy, measure the success of those programs and hone their strategies according to how their initiatives are performing. Improved visibility also facilitates operational effectiveness, collaboration across public sector segments and positive outcomes for citizens-all requirements for stimulus-funded initiatives to be recognized as successful government interventions. The solution package can be used by federal, state and local governments and is available immediately.
“SAP understands the challenges public sector organizations receiving stimulus funds face, and that these groups will be faced with tough questions and need to provide transparency into how funds are being used,” said Jonathan Becher, senior vice president, Marketing, SAP. “SAP BusinessObjects solutions have a long tradition of helping government agencies to measure the economic and social impact of their initiatives. This new package will provide public organizations with a new level of accountability, as well as enable continuous internal improvement, increased collaboration with partner organizations and, ultimately, result in better programs and services for citizens.”
The announcement was made in conjunction with Government Technology’s “The STIM Update: Impacts for State and Local Governments,” a series of events targeted at bringing economic stimulus best practices to an audience of key government decision-makers. The events are taking place in cities across the United States beginning May 15, 2009.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.