Automated Budget Statements

Innovation J2  

NHS Greater Manchester Shared Services (GMSS)

North West, Clinical Commissioning Group (CCG)

 

 

“This innovation meets and addresses the challenge to provide timely, accurate and user-friendly management information to budget holders.”

Peer Reviewer

“This is a positive development that should be shared wider for the rest of the NHS to utilise.”

Peer Reviewer

“Reduces management accounts time which can be repurposed for value added activities.”

Peer Reviewer

The Problem

The GMSS corporate finance team needed to deliver an automated solution to provide standard monthly budget statements by cost centre, showing actual variance to budget and forecast. The current process was inefficient and inadequate. There was a real need for accurate and consistent reporting across the organisation.

The Challenge

How can we best support GMSS budget holders with accurate financial information so that their decision making increases efficiency, minimises expenditure and at least maintains if not improves, the quality services delivered?

The Outputs

  • Accurate information being sent out.
  • Automated process saving a significant amount of time.
  • More relevant and timely information.

The Outcomes

  • Budget managers receive key information much earlier in the month and much closer to month end close.
  • Releases time to invest in budget holder meetings and talking through the position.
  • Far fewer errors.