Municipal Analytics Joins Forecast5 as a Certified Analytics PartnerFebruary 2019
FOR IMMEDIATE RELEASEContact: Eric Smith, Vice President of Marketing & Partnerships
Forecast5 Analytics and Municipal Analytics are proud to announce a partnership to deliver financial forecasting and data analytics tools to municipalities across the country. Municipalities that utilize the Forecast5 suite of solutions through the partnership will have access to the budgeting and multi-year forecasting tool, 5Cast.
Naperville, IL (February, 2019) - Forecast5 Analytics and Municipal Analytics are proud to announce a partnership to deliver financial forecasting and data analytics tools to municipalities across the country. Since 2010, Municipal Analytics’ mission has been to provide local governments with effective tools and solutions to increase financial sustainability, efficiently manage operations, and improve fiscal management and understanding. Through this partnership, both Forecast5 and Municipal Analytics can better support the needs of appointed managers, elected officials, finance staff and, in turn, better serve their communities.
Forecast5 offers decision support tools to accelerate local governments' financial budgeting and forecasting processes. More than 1,500 local government clients from 27 states utilize Forecast5 software, including water utilities, cities, counties, higher education organizations, and K-12 school districts.
Municipalities that utilize the Forecast suite of solutions through the partnership will have access to the budgeting and multi-year forecasting tool, 5Cast. 5Cast allows users to replace many spreadsheets used to prepare budget projections - and allows multiple users to work simultaneously to save many scenarios, which can be compared side-by-side.
John Kaczor is the principal consultant for Municipal Analytics, a specialty consulting firm focused on providing insights and applications for better financial management. John and his team of municipal financial and operational specialists have decades of experience advising local governments on financial forecasting, utility rate analysis and other strategic decisions requiring the use of data analysis.
Kaczor states, "Municipal Analytics is proud to be in partnership with Forecast5 Analytics. Through this partnership, we are better able to develop the insights required of local government managers, elected officials and staff to proactively manage finances. Forecast5 software provides municipalities a shortcut to effective budget and cash flow forecasting, skipping the laborious and error-prone spreadsheet approach. The ability to quickly create and update custom dashboards, reports and scenario comparisons is sure to save hundreds of hours of effort for our clients."
Through this partnership, Municipal Analytics will leverage the 5Cast data analytics tools to more efficiently deliver services, including:
- Development of multi-year utility rate designs
- Evaluation of cash reserve needs across different funds
- Financial transparency and budget communications
- Quarterly budget status review and amendments
- Impact analysis of capital improvement plans on revenue requirements
- Analysis of pension and OPEB funding options
- Cost allocation and central service cost recovery options
- Operational efficiency analysis
- Multi-year financial forecasting and cash flow forecasting
- Strategic and financial analysis of proposed staffing, policy and level of service proposals
- Shared services feasibility analysis
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About Forecast5 Analytics
Forecast5 Analytics provides decision support tools for public sector entities. Our state-of-the-art analytics technology helps you build annual or multi-year budgets, model different scenarios and future impacts, find new revenue sources and more, with a series of clicks. More than 1,500 local governments across the country are using Forecast5 tools to maximize their data insights. For more information, visit www.forecast5analytics.com.
About Municipal Analytics
Municipal Analytics provides municipal clients with a broad range of financial analysis, fiscal forecasting, rate setting, cost allocation and feasibility study services, designed to improve local government fiscal management and understanding. As municipal specialists, we provide our clients with the insights and applications needed to make effective financial and operational decisions. https://www.municipalanalytics.com/