AUSTIN, Texas–(BUSINESS WIRE)–GTY Technology Holdings Inc. (Nasdaq: GTYH) (“GTY”), a leading provider of SaaS/Cloud solutions for the public sector, announced today that its budgeting unit, Questica Inc. (“Questica”) has been selected by the City of New Orleans, Louisiana to implement its Questica Budget Suite solution.
The most populous city in Louisiana, New Orleans is a city internationally renowned for its culture and history, attracting millions of visitors ever year to its restaurants, festivals and historic neighborhoods, such as the French Quarter. To ensure the future remains bright for its 400,000 residents, New Orleans wants to cultivate its unique culture by maintaining a strong economy and improving how their local government operates.
Through a partnership between GTY and Infor, a global leader in business cloud software, New Orleans discovered the powerful functionality of Questica Budget Suite, an end-to-end budgeting system that will help them manage their budgeting process with greater efficiency. New Orleans previously managed their $650 million operating and capital budget using a non-integrated budgeting system. “The decision for the City of New Orleans to utilize Questica technology is one example of our moving toward a more innovative, cloud-based financial system,” said Norman White, Chief Financial Officer, City of New Orleans.
Questica Budget provides extensive features for budget development and enables local governments to discover key budget insights that may have been hidden in a spreadsheet. Questica Performance offers additional value with measures and scorecards for tracking and evaluating the City’s programs and services. Additionally, Budget Book powered by Caseware allows the City to publish a Budget Book that meets the standards for the GFOA Distinguished Budget Presentation Award without the countless hours of work normally required.
By choosing Questica Budget Suite, the City of New Orleans has a best-in-class budgeting solution that integrates seamlessly with their Infor ERP system and will improve the budgeting process for greater efficiency and insight into their budget data.
“Questica is on a mission to drive budget transformation in the public sector and help cities better manage their critical financial processes,” said Stephen Rohleder, Chairman and CEO of GTY Technology. “The Questica team champions innovation and building solutions that can solve the diverse and evolving challenges of our clients. Building on GTY’s partnership with Infor, Questica delivers budgeting and transparency solutions to government agencies using Infor to help them successfully budget for better outcomes.”
For over 20 years, Questica has partnered with public sector organizations to enable data-driven budgeting and decision-making, while increasing data accuracy, productivity and improving stakeholder trust. Over 700 organizations are using our budgeting, performance, transparency and engagement software solutions. For more information about Questica, visit questica.com.
About GTY Technology Holdings Inc.
GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”) brings leading public sector technology companies together to achieve a new standard in stakeholder engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments, education institutions, and healthcare organizations spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spending decisions; CityBase provides government payment solutions to connect constituents with utilities and government agencies; eCivis offers a grant management system to maximize grant revenues and track performance; Open Counter provides government payment software to guide applicants through complex permitting and licensing procedures; Questica offers budget preparation and management software to deliver on financial and non-financial strategic objectives; Sherpa provides public sector budgeting software and consulting services.
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The company’s actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the company’s expectations with respect to future performance and anticipated impacts of the business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability to consummate any proposed transaction with respect to the previously announced review of strategic alternatives; (2) the lack of actionable alternatives being identified in connection with the strategic alternative review; (3) risks relating to the substantial costs and diversion of personnel’s attention and resources due to the strategic alternative review; (4) the failure to generate sufficient cash flow from the company’s business to make payments on its debt; (5) the ability to raise or borrow funds on acceptable terms; (6) changes in applicable laws or regulations; (7) the possibility that the company may be adversely affected by other economic, business, and/or competitive factors; (8) the impact of the coronavirus outbreak, or similar global health concerns, on our operations and customer base; and (9) other risks and uncertainties included in the company’s registration statement on Form S-1 (File No. 333-229926), including those under “Risk Factors” therein, and in the company’s other filings with the SEC, including the company’s Annual Report on Form 10-K for the year ended December 31, 2019. We caution you that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.
Senior Vice President, Head of Corporate Development, GTY
Marketing Director, Questica
(877) 707-7755 ext. 572