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Questica Inc. has announced the launch of Questica Budget 2021.2, designed to streamline public sector budgeting. This version incorporates user feedback from 32 organizations and introduces features like a tasks interface and social budgeting functionalities. Built on Microsoft Azure, it enhances efficiency and transparency by reducing manual processes. With a focus on data-driven decision-making, this upgrade aims to save resources and improve accuracy in budgeting for public sector organizations. Questica is a subsidiary of GTY Technology Holdings (GTYH), dedicated to modernizing public sector financial processes.
GTY Technology Holdings (GTYH) announced the addition of over 100 new customers across its business units within the first five months of 2021. The company attributed this growth to a significant shift in public sector needs post-COVID-19, with a focus on strategic digital transformation. Notable achievements include Bonfire acquiring 42 new clients, CityBase expanding its services in multiple municipalities, and eCivis adding 13 new customers. GTY aims to enhance operational efficiency for governmental and public sector organizations through its cloud-based solutions.
eCivis, a leading SaaS grants management solution, has partnered with HdL Companies to enhance federal funding for local governments. Under this strategic relationship, HdL will manage projects and data collection, while eCivis will provide expertise in calculating and negotiating indirect costs. Both companies aim to deliver efficient solutions amid budget constraints. This partnership is expected to offer valuable services to state and local governments, promoting transparency and maximizing grant revenues.
CityBase has partnered with KC Water to enhance utility payment options by installing three self-service kiosks in Kansas City, MO. These kiosks will allow customers to pay bills using cash, check, or card without incurring fees. They will be located at City Hall and the KC Water customer service center. This initiative aims to improve accessibility and reduce wait times, with average transaction times under a minute. CityBase, a unit of GTY Technology Holdings Inc. (NASDAQ: GTYH), focuses on modernizing government payment technology.
GTY Technology Holdings Inc. (Nasdaq: GTYH) announced its subsidiaries, Bonfire, eCivis, and Questica, are collaborating with Arizona public sector organizations to improve digital services. Bonfire is enhancing procurement processes in 12 school districts and local governments. eCivis has improved Federal grants management, reducing administrative burdens and audit findings. Questica's budgeting solutions have been adopted by five local governments and eight nonprofits, facilitating effective financial planning amidst rising demands.
GTY Technology Holdings (Nasdaq: GTYH) announced that CEO TJ Parass and CFO John Curran will present at the 16th Annual Needham Virtual Technology and Media Conference on May 19th at 2:15 PM ET. This event allows stakeholders to gain insights into GTY's public sector solutions, which enhance stakeholder engagement and resource management. GTY’s offerings include strategic sourcing, payment solutions, grant management, and budgeting software tailored for government, education, and healthcare sectors. For more details, visit www.gtytechnology.com.
GTY Technology Holdings Inc. (Nasdaq: GTYH) reported a strong Q1 2021, with total revenue of $13.3 million, marking an 18% increase year-over-year. The company achieved 27% growth in Annual Recurring Revenue (ARR) and improved gross profit to $8.5 million, with a gross margin of 64%. Despite an operating loss of $8.1 million, GTY anticipates continued growth, projecting Q2 2021 non-GAAP revenue between $13.5M and $14.0M, and full-year guidance of $57.0M to $60.0M. The number of customers rose to 1,793, a 14% increase from the previous year.
GTY Technology Holdings (NASDAQ: GTYH) reported that over 150 government agencies and educational institutions in Texas are utilizing solutions from its subsidiaries, including Bonfire, CityBase, eCivis, OpenCounter, and Questica. These partnerships support digital transformation and modernization, essential during the ongoing health crisis. Key achievements include Bonfire aiding 70 public sector clients, CityBase standardizing payment systems in Austin, and eCivis managing grants for 33 Texas organizations. The collaboration highlights GTY's commitment to enhancing public sector efficiency and service delivery.
GTY Technology Holdings Inc. (Nasdaq: GTYH) will host its Q1 2021 earnings call on May 13, 2021, at 4:30 PM ET. Investors can register for the call using conference ID 7597626. The event will also be available via live webcast, with an archived version on the company’s website. GTY specializes in cloud-based solutions for public sector entities, including procurement, payments, and budgeting through its multiple business units like Bonfire, CityBase, and Questica.
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