Public Sector Finance
Numius Solution – The policy and management cycle
What is it ?
On the 25th of June 2010, the Flemish government approved the decree concerning the policy and management cycle for communities, provinces and public social welfare centres (CPAS/OCMW). This decree contains besides financial aspects of good management also more content driven aspects like strategical and operational objectives, action plans and actions in order to allocate financial means with the sole purpose of supporting and achieving the global policy set out by the government/administration.
All local governments (provinces, communities and public social welfare centres) must comply with this new decree by the first of January 2014 at the latest. At the beginning of 2011 already more than 40 governments have agreed to start the implementation of this decree sooner in order to be compliant as of the first of January 2012.
Through it’s years of successful implementations of Performance Management solutions within different governments and organizations (public and private), Numius has bundled it’s rich experience and deep functional knowledge on this topic to create a flexible solution for financial budgeting, strategical and operational planning and reporting allowing governments to comply with the new decree.
What’s in it for you ?
The Numius solution on policy and management cycle combines all functional and technical best practises used within the best performance management solutions out there. It makes use of powerful and rigid pieces of software (based upon the IBM information management stack) combined with proven practices and flexible models (blue prints) allowing for all sorts of flexibility.
Making use of state of the art budgeting and planning tools our solution allows for centralized input and real-time consolidation. Financial and policy reporting is achieved through business intelligence tools supporting intuitive management dash boarding, metric follow up, detailed analysis and operational reporting.
So, if you don’t want to be caught up with inflexible pieces of software that are very expensive to maintain and support, but you want to start simple but still have all options open to grow into a full blown performance management solution making your organization comply to the decree for policy and management cycle, this Numius solution is a perfect match.