SAP Financials Redesigned.

Public Sector Advisory

Trusted Advisor for SAP PSM Solution Deployments.

Delivering SAP Public Sector clients end-to-end financial solutions, incorporating process integration, reporting, and analytics.

Member of the SAP® PartnerEdge® open ecosystem

Since 2006, Mondial RIC has been providing research-based SAP Advisory services to Public & Private Sectors in Canada, US, and various other regions worldwide.

Mondial RIC’s Senior Advisors have been individually positioned as top contributors on several occasions with high reputation of leading government projects to success within SAP Public Sector Management & SAP Analytics Cloud solutions. Our public sector industry experience included but not limited to Transit, Oil, Utility, Rail, Municipal, Education, Banking, Financials etc.

All our Senior Advisors have valid Canadian Security Clearance (Reliability/Secret).

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Digital transformation therefore requires redesign and re-engineering on every level – people, process, technology and governance.

― Alan Brown, Digitizing Government: Understanding and Implementing New Digital Business Models

SAP Public Sector Management offers a comprehensive range of solutions encompassing Budget Management, Fund Management, and Grant Management.

These solutions designed to effectively oversee and control budgets, funds, and grants within various public institutions, federal agencies, state governments, crown corporations, universities, schools, and local authorities.

By implementing a PSM solution, these organizations can enhance their financial management processes and optimize the use of resources to benefit the community.

SAP Public Sector Cloud
Public Sector Management (PSM) provides solutions for managing the budget of revenue and expenditure at public institutions, such as federal, state and local authorities.― SAP
SAP Public Sector On-Premise
Utilizing SAP's capabilities to drive growth and enhance governance in the public sectors.
SAP Public Sector Budgeting & Planning
SAP Budgeting and Planning for Public Sector is an add-on component that provides a dynamic and collaborative environment to accommodate the requirements of the end-to-end public sector budget formulation process.
Master data is a crucial aspect of any organization's information management. It represents the core data entities that are essential for business operations. This data is typically considered non-transactional and remains constant over time, serving as a foundation for various business processes.
Key master data for PSM:
- Cost Center
- Budget Account
- WBS Element
- Functional Area
- Fund
- Budget Period
- Grant
- Sponsored Program
- Sponsored Class
The stabilized key business processes serve as the backbone for any public sector organization:-
- Recording of Budget
- Recording of Commitments and Actuals
- Recording of Grants received
PSM integration is a crucial process that involves combining different subsystems or components into one cohesive system. This integration allows various parts of a system to work together efficiently and effectively, ultimately improving overall performance and functionality.
Key integrations points for PSM:
General Ledger Accounting
Account Payable Accounting
Account Receivable Accounting
Contract Accounting
OH Accounting
Project Accounting
Asset Accounting
Sourcing and Procurement
SuccessFactors
Lease-In Accounting
Lease-Out Accounting
Sub-Lease Accounting
Maintenance Management
Travel Management
Treasury & Risk Management
Timesheet Reporting
Reporting is important for a multitude of reasons. It allows individuals and organizations to track progress, identify areas of improvement, and make informed decisions based on data and analysis. Whether it's financial reporting to monitor budget and expenses, project reporting to ensure tasks are on track and deadlines are met, or performance reporting to evaluate results and outcomes, the act of reporting serves as a vital tool for accountability and transparency.
Key Reports for PSM:
- Budget Analysis
- Commitment & Actual Analysis
- Variance Reports
- Budget & Commitment/Actual Analysis
- Line Item Reports
- Budget Planning in SAP Analytics Cloud
- Funding: Funds Center or Fund Report
- Total Funding Activity Report
- Grants Budget
- Grants Budget Consumption
- Grants Open Items
- Grant Cost Sharing

Your Contact Person:

For detailed solution advice, we are delighted to assist you. Just reach out to us directly at team@mondialric.com.

“Public Sector Management (PSM) provides solutions for managing the budget of revenue and expenditure at public institutions, such as federal, state and local authorities..” ― SAP