EFM provides unparalleled data access and analysis tools to help public sector entities implement principles of transparency, participation, and collaboration. It gives citizens 24/7 access to real-time data, engaging analytics that are easy to understand, while reducing the number of Freedom of Information Act (FIOA) requests your staff must handle.
Customers access the system 24 hrs., there is no down time so why should you? Util360 offers 24X7 customer support.
A Cloud Based Secured Solution that provides access from anywhere without the need of expensive hardware or significant maintenance costs
Take advantage of the decades of experience we have working with 150+ utilities.
Util360’s Financial Management helps finance leaders design, transform and streamline their processes and operations. EFM seamlessly couples core finance and accounting functions with strong compliance management, which improves business performance and increases financial close efficiency while reducing back-office costs. With real-time access to live financial data, you can quickly drill into details to quickly resolve delays and generate statements and disclosures that comply multiple regulatory financial compliance requirements such as ASC 606, GAAP, SOX, and others.
Access the Open Finance portal directly from a school district or municipal website on desktops, tablets, or Smartphones. As a cloud-based service, Open Finance does not require an additional hardware investment or on-site technical support.
Many finance officers can relate to spending significant time digging for information to respond to requests from elected officials, the public, or other departments. Oftentimes, answers require data from multiple departments, leading to a series of inquiries and dozens of emails. Connecting a government’s information to all stakeholders through publicly accessible portals not only empowers stakeholders to access accurate information on their own, (financial information isn’t held hostage when the finance officer is unavailable), it frees up the finance department’s time from tracking down, assembling, and passing on information.
When communication is two-way and allows residents to self-report 311 issues, automated systems can trigger work orders, asset deployment, employee scheduling, reporting, and more. This not only increases transparency, public service, and public trust, it provides personnel and asset costs as they occur, for increased financial insight and more informed decisions.
On the expense side of the ledger, connections create efficiencies that improve a government’s bottom line. Automated processes that move through integrated systems end redundant and manual data entry. Instead of employees in multiple departments keying in the same information, these employees are now free to work on more strategic priorities. At once, overtime is reduced, and data integrity is increased. Because the data stream is integrated and not Siloed, all departments are looking at the same information. Having a “single source of truth” ensures that everyone is looking at and operating from accurate numbers.
Digitized documents can be attached to files or orders as they wind their way through the system, negating the need to file – and later retrieve – paper documents. Purchase orders and invoices are automatically attached to projects and remain accessible; a great help during audit season when supporting documentation may be needed.