The purpose of this purchase is to streamline the budgeting process by allowing multiple users across the organization to participate in the budgeting process. Budgeting planning makes it easy to collect budget requests from departments, plan the next annual budget from future capital expenditures, conduct what-if modeling of future revenues and expenses according to a wide variety of scenarios and visualize budgets using a set of intuitive dashboards.
Gravity provides a flexible reporting engine that is capable of producing a variety of reports. Gravity’s Budget Book automatically updates tables, graphs and narratives. This is custom designed to suit the City’s layout, format, and media specifications. Reports can be published as print-ready output, PDF output for electronic distribution, and eBooks for website publishing.
Gravity’s online reporting platform provides open data transparency for stakeholders allowing users to view and drill-in on charts for more information. This level of transparency builds trust with users by communicating data in an easy to understand, visual format. Additionally, Gravity helps to produce ADA-compliant reports meeting the standards for the American Disability Act for the PDF output and digital reports.
Gravity’s lease and debt management accounting modules address the annual reporting requirements associated with GASB 87, 88 and 96. The module enables users to track and report lease and non-lease expenses, generates financial statement disclosures, and produces schedules and journal data for integration into the City’s existing ERP System, Tyler Munis.