Non-purposeful utilisation of available municipal funds, mismanagement of collections and lack of cost containment
Limited Availability of Forecasts
Limited Availability of forecasts that provide information to assist municipalities in guiding future activities to achieve their service delivery mandate
Lack of Planning
Inability to test and plan for best and worst case scenarios with impact studies thereof
Difficult data interpretation and analysis
What is Streamline Municipality
Streamline Municipality is a platform that guides municipalities for future activities and assists them to achieve their service delivery mandate.
We are currently in the fourth Information Revolution era, where digitisation is the norm. Streamline Municipality offers advanced analytics and scenario modelling to answer the question: What can be done to improve Municipal Financial Performance?
The Adapt IT Municipal Forecasting and Reporting Model, with built-in analytics, uses three forecasting methods: Prior Year Actuals; Current Year Actuals; and Adjusted Budget Numbers to calculate the forecast
The Model evaluates the different scenarios based on the three forecasting methods applied, and visually presents the outcome of each forecasting method
Municipalities can test and plan for best and worst scenarios with impact thereof
Adapt IT Municipal Forecasting and Reporting Model provides C-Schedule reports, and also offers data interpretation and analysis in a form of visualisations including: graphs, charts and dashboards.
Municipalities are enabled to accurately forecast their revenue and expenditure to empower them to achieve their service delivery mandate and improve financial performance
The Model increases agility - enabling quick adaptation to the ever-changing environment by taking corrective action where required
Municipalities are able to track and analyse trends over time with respect to expenditure patterns, revenue collections and cash flows
Forecasts provide information that can mandate
The Adapt IT Municipal Forecasting and Reporting Model, with the built-in analytics, uses three forecasting methods
These models are based on Prior Year Actuals, Current Year Actuals and Adjusted Budget Numbers to calculate the forecast
WHAT-IF SCENARIO ANALYSIS
The Model evaluates the different scenarios based on the three different forecasting methods applied, and visually presents the outcome of each forecasting method
This allows the municipality to test and plan for the best and worst scenario with impact thereof
Not only does the Adapt IT Municipal Forecasting and Reporting Model provide C-Schedule reports, it also offers data interpretation and analysis in a form of visualisations including:
INTERACTIVE DASHBOARDS AND GRAPHS
The interactive reports, with drill down functionality, amplifies finances of municipalities in order to gain insight into their performance at a glance
Visual indicators and alerts provide insight into deviation from approved adjusted budgets and National Treasury norms
AUTOMATIC LOAD OF ACTUALS AND WRITE-BACK TO ERP
The Adapt IT Municipal Forecasting and Reporting Model integrates with the municipality’s ERP, where Prior Year Actuals, Current Year Actuals, Original and Adjusted Budget Numbers are automatically loaded
Forecast numbers can also be written back to the ERP
The starter bundle includes:
Five user licenses
96 hours of consulting for guidance on transitioning to the new way of forecasting and reporting
See Adapt IT’s EPM in action
What is Enterprise Performance Management?
This quick, explanatory video will put you in the picture.