Does Spend Visibility Really Matter to Your Spend Capacity?

By Public Spend Forum ‌‌ posted 08-10-2017 09:39

  

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Accurate budget planning is one of the most challenging tasks of government operations today. However, budget cuts, program eliminations, and spending reductions should be made to support policy goals. eProcurement platforms make it easy to gain complete visibility into historical and current agency spend and these technologies are readily available to the public sector. They empower agencies to quickly extract spend data from multiple agency systems because they capture all of the procurement activity. Government Technology elaborates on how spend visibility does impact spend capacity and how overspending could be avoided by leveraging frequent spend analyses during the budget and procurement processes.

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