What is GOALS II in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: GOALS II

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: The system that allows the Financial Management Service FMS to receive agency accounting data and forward it to various systems within FMS for final processing and to distribute agency accounting reports.

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• Key Concepts: 
  GOALS II is a component of the SAP Public Sector Management (PSM) suite of software. It is specifically designed to meet the needs of U.S. Federal Government agencies. GOALS II provides a comprehensive set of tools and features to help agencies manage their financial and operational processes. It includes features such as budgeting, forecasting, reporting, and analytics. 
  
  How to use it: 
  GOALS II can be used to manage the entire budgeting process from planning to execution. It allows users to create budgets, track spending, and analyze performance. It also provides tools for forecasting future spending and analyzing trends. Additionally, GOALS II can be used to generate reports and dashboards that provide insight into the financial health of an agency. 
  
  Tips & Tricks: 
  When using GOALS II, it is important to ensure that all data is accurate and up-to-date. This will help ensure that budgets are accurate and that reports are meaningful. Additionally, it is important to take advantage of the forecasting tools available in GOALS II to help plan for future spending. 
  
  Related Information: 
  For more information about GOALS II, please visit the SAP website at https://www.sap.com/products/public-sector-management/goals-ii-us-federal-government.html