Part two of a five blog series on financial management.

GovSense is a true-cloud financial management software solution focused exclusively on the needs of local government jurisdictions. By creating seamless interdepartmental collaboration, GovSense paves the way for greater transparency, fluid communication and in the end, happier citizens because processes are quick and painless.

GovSense is the Perfect Fit for Jurisdictions Requiring Financial Management Software

GovSense Financial Management Features that Help Jurisdictions Build Smart Communities

Accounting — Local government jurisdictions today demand a financial management solution that is flexible enough to accommodate dynamically changing needs. With GovSense, you can optimize accounting efficiencies, eliminate manually-intensive spreadsheet-based reporting, and improve employee productivity. You can streamline all of your financial processes, including accounting, accounts payable and accounts receivable. Because you control your own data, you can:

• expedite accounting and closing processes while running accurate, dependable reports.
• process card payments quickly and easily with our PCI compliant processing system.
• set up and configure an unlimited number of workflows to streamline the subtasks that slow you down, while maintaining good internal controls.
• access consistent real-time data from a single, jurisdiction-wide system (in formats from dashboards to full reports) without relying on a data analyst to retrieve the numbers.

Budgeting — The importance of sound budgeting at the local government level can not be over emphasized since the annual budget determines which projects and services will be funded to serve your communities and constituents. By using the advanced budgeting capabilities of the GovSense software system, jurisdictions gain visibility across all departments to report on budget allocations and expenditures with confidence. Specifically, you can:

• decrease the time it takes to create, analyze and adjust budgets with quickly customizable budgeting functions.
• plan faster and make more informed decisions for your entire jurisdiction because all stakeholders are working from the same budget produced from a single system that represents “one version of the truth.”
• create detailed personnel planning over any capital improvement projects, budget forecasts and audit logs with just a few clicks.
• manage financial projections against actuals with powerful, yet easy-to-use budgeting and forecasting tools.

Want to learn more about GovSense for local government? Contact us at info@govsense.com.

Next week: The First Unified Financial Management Software System for Local Government – GovSense for Fund and Asset Management