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Products / Camelot
CAMELOT
Camelot was first developed in 1996 as a powerful budget development tool to be used in modelling and long term strategic planning.
It has since been adopted in Australia by the Federal Government (Department of Finance and Administration) and the State Governments of Western Australia, Queensland and the Northern Territory. It is helping these organisations manage finances more effectively and promote robust and competitive economies.
In New Zealand, it is utilised by the Marlborough District Council and Manukau City Council. In fact, it has been so successful that Camelot was recently chosen by HM Treasury for the United Kingdom Treasury Whole of Governments Accounts Project.
Key Benefits
The key benefits of Camelot include the ability to link outputs to financial performance, to plan and track outcomes and to regularly update budgets by taking variations into account. For instance, many of our clients update their budgets every week in order to get a clearer picture of their spending - a process only made possible by the power and speed of Camelot.
Information Edge uses proven methodologies to ensure risk free and cost effective implementation of Camelot. The system is configured to suit your current and future requirements as well as meeting all relevant local accounting standards.
Key Capabilities
- Long Term Strategic Planning
- Funding Variations
- Consolidation
- Event and Scenario Based Modelling
- Monitoring and Analysis
- Real Time Decision Making
There is growing recognition within the OECD of the need for a more transparent and accurate picture of public sector spending. Many public sector organisations are seeking a way to accurately link budgets to variation management in order to achieve their financial and economic objectives.
Increasingly, public sector organisations are turning to Camelot. This powerful software sets new standards of budgeting performance for local, state and federal governments and departments.
Camelot is an economic and financial reporting system developed specifically for the demands of the public sector. It gives you the power to deliver services to your citizens in an efficient and fiscally responsible manner. And it supports you in your ultimate goal of improving prosperity and living standards for all.
Camelot utilises a web-based platform that integrates treasury and departmental accounts into one seamless system - dramatically reducing reporting and budgeting cycle times.
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- BUDGET DEVELOPMENT - Determining the fiscal limits for each department for the budget horizon prior to budget preparation. Allows detailed “bottom-up” budgeting by the departments, leading to budgeted financial statements, output and outcome statements and budget papers.
- PROJECT BASED BUDGETING - With tools to track bids and all related information through the budget approval process.
- REAL TIME DECISION MAKING - Allows you to perform “What if” modelling to test the impact of bids on your bottom line.
- MONITORING AND ANALYSIS - Tracking actuals against budgets, both financial and nonfinancial.
- VARIATION MANAGEMENT - Real time tracking and authorisation of changes to budgets.
- REPORTING - Including Budget Papers, Annual Reports and management reporting generated using embedded reporting and business intelligence tools.
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- HOST CENTRIC DATABASE WITH WEB BROWSER INTERFACE - Camelot is a centralised database that allows users access via a web browser - which means no software needs to be installed on the desktop. This delivers a lower cost of ownership and fewer maintenance issues. Users are automatically updated each time they log on to the centrally administered system.
- WEB BROWSER ARCHITECTURE - This is a major advantage as it allows users who are remotely located to access the database securely over public networks without the need for expensive dedicated links, such as Wide Area Networks.
- FUTURE PROOF - Innovation comes not just from Information Edge’ talented development team but also from our clients. New features are continually added to Camelot as a result of client feedback and experience. As a Information Edge client, you have regular access to these enhancements under our maintenance programme, giving you the confidence that the system will meet all future needs.
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How is Camelot implemented?
Our implementation methodology has been refined over many large politically sensitive projects where failure is not an option. Information Edge prides itself on a history of 100% success in project implementation - a record we intend to maintain. The Information Edge project teams first defines your needs, then configures, tests and rolls out the system to meet those needs in an efficient and cost effective manner. Training and documentation is critical to the success of the project.
Product information
Camelot is developed using Java for access via the Internet and C++ on the server. Back-end databases are leading industry standard products. Camelot runs on Windows NT/2000, IBM AIX and Sun Solaris. More detailed technical specifications are available on request.
To discover how Camelot can transform your government budgeting and consolidation contact Information Edge today. |
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