Insight by Deloitte

Federal budgeting: There IS a better way

Would you run a billion dollar corporation’s budgeting operation using spreadsheets? A 10 billion dollar corporation? Hundred billion?

Of course not. But that’s what too many federal agencies still do. It’s a long, arduous, time-consuming process. It may get budgets done, but it lacks the analytical and modeling capabilities what would take budgeting into the sphere of true performance-based and what-if scenarios.

Deloitte Consulting LLP Managing Director Bard Woltman and Senior Manager Sean Lublin describe a powerful tool and methodology to achieve modern, dynamic budgeting.

Budget Modernization Strategy

“A multi-dimensional data model allows for views that traditional relational databases just can’t provide.”


Better Budgeting Process

“Our tools in the market today enable connection between the narratives so when users are typing in their narratives in their budget justifications it links immediately to the data that has been created through the budget formulation process."


BudgetSync: A Tool for Modernizing the Budgeting Process

“We have specific client examples where we have implemented this suite of tools, and it has resulted in taking processes that were weeks and months long down to days and hours long.”

About Deloitte

Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including more than 85 percent of the Fortune 500 and more than 6,000 private and middle-market companies. Our people work across more than 20 industry sectors to make an impact that matters — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthy society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them.

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