SAP has released a new software package to support the management and reporting of economic stimulus funds. Based on solutions from the SAP(R) BusinessObjects(TM) portfolio, the new package reportedly gives government organizations the visibility required to track and optimize the performance of funds.
The business software solutions company said that the new package consists of a software solution designed to help public sector organizations make the optimum use of economic stimulus funds by delivering transparency into spending, accountability and performance evaluation. The solution package can be used by federal, state as well as local governments.
Mike de la Cruz, president of SAP Global Public Services, said: The increased transparency is not only a requirement; it leads to better use of the funds and increased citizen involvement.
At a time of keen focus on economic stimulus funds, SAP has responded quickly to help public sector customers address demands for transparency and accountability in the use of public funds.
Jonathan Becher, senior vice president of Marketing for SAP, said: SAP understands the challenges public sector organizations receiving stimulus funds face, and that these groups will be faced with tough questions and need to provide transparency into how funds are being used.
