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Because the software helps you streamline compliance, meet management and global regulatory requirements – and ultimately accelerate the financial close-to-disclose process.

It lets you spend less time reporting and more time analyzing the how and why of financial events.

Facing a severe financial crisis, the Kerala government today in its budget focussed on fiscal consolidation, restricting creation of new posts, purchase of vehicles and foreign tours, even as it reached out to fisherfolk with a Rs 2,000 crore package in the wake of cyclone Ockhi. The government has earmarked Rs 10 crore to entrust a global agency to prepare a detailed project report of the coastal development package, he said.

As part of its plans for fiscal consolidation due to the severe crisis, the government has decided to create new posts only if necessary.

Curbs have also been imposed on purchase of government vehicles by various departments.

"Instead of purchasing new vehicles, they can be hired on rent which would save costs by at least one-third', he said adding purchase of luxury cars costing over Rs 14 lakh should be discouraged.

The government has also stressed the need to reduce travel expenses.

Foreign tours would be allowed only if necessary and video conferencing should be made use of to the maximum, Isaac said.

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