More NewsGloucester Council Implements ABS Forecasting System

Gloucester Council Implements ABS Forecasting System

Gloucester City Council has implemented a budgeting and forecasting system from Advanced Business Solutions (ABS). The software has helped the council to reduce its budget loading time from 10 days to just minutes and to better monitor, evaluate and improve its financial performance by replacing spreadsheets.

Janet Parrott, financial planning accountant at Gloucester City Council, said: “It used to take several members of the finance team over a week to complete their budget loading by collating information from various Excel spreadsheets. This process was extremely inefficient, prone to errors and didn’t provide us with an accurate picture of our finances.”

The web-based budgeting and forecasting system, which has been integrated into Gloucester City Council’s existing ABS financial management system, enables the creation and real-time monitoring of financial plans and forecasts. Budgetary information can be quickly extracted, consolidated and reported to authorised users, eliminating time-consuming manual processes and the consolidation of spreadsheets.

Parrott said: “ABS’ system has significantly streamlined our budgeting processes and made it quicker and easier to produce reports. It used to take us approximately 10 days to load, validate and consolidate budget data from various standalone spreadsheets. By automating these processes with ABS’ system we have reduced this to minutes, dramatically improving efficiency, while eliminating errors around data manipulation.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha