Specifications include, but are not limited to:Budget 2.1.1. Give specific examples of budget and forecasting applications currently being used with proposed software. 2.1.2. Describe plans for developing budgeting and forecasting modules within the software. 2.1.3. Describe the software’s “what if” modeling and analysis functionality. 2.1.4. Describe how the software uses budget information to limit spending authority by account and budget line item. How are limits overridden? 2.1.5. Describe management reports available for budget-to-actual comparisons over multiple years and ability to consolidate at multiple organizational levels. Include the software’s ability to integrate with existing business intelligence tools. 2.1.6. Describe the software’s ability to develop budgets based on user-defined parameters (category, object/sub-object, program structure, fund, appropriation index, etc.). 2.1.7. Describe the software’s available budgeting methods. 2.1.8. Describe the software's ability to control multiple versions (marking as complete, copying, modifying, tracking changes, track requested, recommended, approved and decision level). 2.2. General Ledger 2.2.1. Describe the year-end process including closing out of the current year, the balance forward process and any audit checks that come delivered with the system. 2.2.2. Describe the system’s ability and process for generating journal entries as part of the generation of annual financial statements. 2.2.3. Describe how to set up a new account code in the software.
