BOSTON--(BUSINESS WIRE)--GTY Technology Holdings Inc. (Nasdaq: GTYH), a leading provider of SaaS/Cloud solutions for the public sector, announced today that its budgeting unit, Sherpa Government Solutions (“Sherpa”) has been selected by the State of New Mexico to implement its Budgeting Formulation and Management (“BFM”) software solution.
The State and Sherpa will collaborate to implement an enterprise budgeting solution featuring flexible budget entry forms, financial and HR system integration, real-time reporting with full auditability, and accurate personnel cost forecasting. The State will use BFM to formulate their $18.4 billion total appropriation budget in a comprehensive, integrated budget process for 150 agencies covering the executive, judicial and legislative branches.
Sherpa BFM is a cloud-based software offering that provides budgeting and transparency solutions for state and local governments. Sherpa BFM has comprehensive out-of-the-box features that are highly configurable to meet the unique needs of the public sector. In addition, Sherpa BFM provides tools and services that include business process consulting, software implementation, reporting, publishing and ERP integration. For more information about Sherpa, visit https://www.gtytechnology.com/solutions/sherpa.
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; OpenCounter 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.
