Data analytics are a game changer for municipal government.
Private sector CFOs have been using data analytics for more than a decade. Today, a growing number of municipalities are discovering the power of data in managing the complexities of government finance.
Those working with Forecast5 software are surprised at how easy it is to develop and update five-year community budget plans; model complex economic, public health and safety scenarios; and increase transparency — and they’re leaving their spreadsheets behind.
“When I started at the village, our board wanted a 5-year financial plan so they could make financial decisions with the future in mind. 5Cast™ made creating, maintaining and communicating the results of our 5-year financial forecast simple and easy. The ability to create multiple 'what-if' scenarios and compare them let our Village Board and Management Staff have a better understanding of how different financial decisions will affect the Village of Brookfield.”
Doug Cooper, Financial Director, Village of Brookfield, Illinois
Population and demographics. Tax revenues. Building permit locations and status. Personnel costs. Departmental spending. With countless moving parts, municipal financial management presents a unique mix of complexities. Forecast5 data analytics software is designed to help you understand not just what you’re facing today but also how your decisions will affect finances years in the future.