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Tuesday, December 13, 2005

New methods promise to change the financial and administrative processes of state government

Look out - with budgets recovering from years of hardship, and delayed projects getting back on track, the state and local government finance and administration market is expected to generate some substantial heat in 2006.

One of the forces driving the new projects is a simple concept, though one that industry officials said has, of late, largely been ignored by the public sector: Understand what resources you've got, where they are and how they're being used.

Having grappled since 2000 with severe budget shortfalls, states have emerged from that crucible determined to implement new automated financial and business applications that will let them save money, operate more efficiently and better understand their fiscal positions.

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