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Bring GFOA’s Rethinking Budgeting Initiative to Life with Polco and Euna Budget

Over the past two years, Euna Solutions® and Polco have collaborated closely with the Government Finance Officers Association (GFOA) on exploring modern approaches to budgeting through its “Rethinking Budgeting” initiative. The collaborative study and assessment revealed a critical gap between citizen engagement and data, and strategic budgeting. Based on these findings, Euna Solutions and Polco deepened the integration of Polco’s Balancing Act budget simulation tool and Track, their innovative data analytics tool for community insights with Euna Budget, the most widely used budgeting solution in the public sector, and its newly released Strategic Budgeting offering. 

Now, Euna and Polco have partnered to seamlessly blend Euna’s strategic financial management tools with Polco’s advanced analytics and AI. The integrated solutions transform public budgeting by enhancing budget transparency, ensuring fiscal decisions are data-driven and aligned with community needs, and increasing resident participation.

Rethinking Budgeting: The Benefits of Working Together

Together, we provide full-cycle strategic budgeting and community engagement. The integrated set of Euna-Polco solutions provides numerous benefits, including: 

  • Full Cycle Budgeting & Community Engagement: Euna Budget enables full cycle budgeting and, by using Polco’s Balancing Act, cities can involve residents directly in the budgeting process through interactive simulations that capture public opinion and feedback. This data flows into Euna’s Transparency Module, which then communicates budget decisions back to the public, reinforcing transparency and trust. 
  • Data-Driven Decision Making: Polco’s Track tool provides ongoing community metrics and trends that feed into Euna’s budgeting software, enabling cities to tailor their financial strategies to the specific needs and preferences of their communities. This continuous loop of data and feedback ensures that budgeting remains responsive and aligned with community values. 
  • Strategic Planning with AI Insights: Euna’s Strategic Budgeting module, now enhanced by Polco’s AI-driven insights, allows city planners to incorporate predictive analytics into financial planning, ensuring more accurate and forward-looking budget management. 

How can this partnership help you?

Learn how this partnership can help your organization here.

 

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DOWNLOAD OUR LATEST EBOOK.

Learn how to find the right solutions partner to enhance your ERP, save time and resources, and ultimately deliver a greater impact on the communities you serve.

Download eBook