The move comes at a time of significant expansion for the Oregon-based company, which sells financial, human resources, billing and other software to public agencies.
According to Springbrook, the new technology fully integrates with the company’s cloud-based Cirrus financial platform. In touting the new product, Springbrook said that the Advanced Capital Budgeting and Planning software can reduce budget management and development time by half.
“Our full featured solution is developed for government agency finance teams to help them track, measure and improve organizational performance,” said Robert Bonavito, Springbrook's CEO, in a press release. “Customers have reported up to a 50 percent savings in time in automating manual processes and up to 80 percent in reporting. The collaborative features of this solution make it ideal for the new work-from-anywhere workforce.”
Clients can use the software “to create an unlimited number of budget projections, worksheets and proposed budget reports for review,” the company's statement reads.
Beyond that, the software integrates with various publishing tools and offers collaborative dashboards as well as API integrations.
The new product also enables local government users to analyze all data — financial and otherwise — used in budget forecasting, and to attach multiple format documents and conduct full audit compliance, the company said.
“Our goal is to provide tools that enable data-driven decisions based on real-time information, delivered in the most efficient manner possible, and our customers tell us that we’re fulfilling that commitment,” Bonavito said.
Weeks ago, Springbrook made news when it announced that it was expanding internationally by way of acquisition — in this case, the company’s purchase of New Zealand firm MAGIQ Software.
Both companies occupy much of the same market space — enterprise resource planning — and the deal represents a sizable merger. MAGIQ has about 550 customers in Australia, New Zealand and the U.S., compared with Springbrook’s 1,100.
