INFOGRAPHIC: 9 Reasons to Define Better Budgeting Software Requirements

By Kara Batt, Neubrain Strategic Communications and Marketing Manager

Many state and local governments are nearing the end of the 7-10 year lifespan of the average budgeting and performance management software system, causing more and more key-decision makers to explore new budgeting and performance management technologies.

In fact, according to a 2013-2014 Gartner survey of more than 2,300 CIOs, business intelligence and analytics remain the top technology spending priority for the next three years.

In the past decade, budgeting analytics and financial intelligence and planning technologies have transformed from error-prone manual data entry tools to an array of advanced analytical, integrated, and sophisticated real-time budget management software solutions, improvements that are making software selection much more difficult.

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Improved Collaboration Tools Ranked In Top 3 of Critical Initiatives for CIOs

Posted by Adobe

Asked about key IT initiatives from 2012, CIOs ranked improving collaboration tools third -- behind cloud services and virtualization. Collaboration concerns beat out big data and analytics, application consolidation, security and risk management, and a host of other key IT initiatives.

Understandable considering it directly contributes to these issues - mostly security and risk management.

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