OpenGov Makes it Easier for Richmond to Plan and Manage its Budget and Enhance Financial Reporting
Richmond, VA & Redwood City, Calif. - November 22, 2017 – Last month, the City of Richmond announced that it’s partnering with OpenGov - the leader in government budgeting, operational performance, and citizen engagement solutions - to further increase its effectiveness, transparency, and accountability, and earn greater public trust.
The OpenGov Smart Government Cloud™ is an easy-to-use, cloud-based solution for budgeting, operational performance, and citizen engagement. The City of Richmond is using OpenGov to streamline its budgeting process, and improve its budget and Comprehensive Annual Financial Report reporting. This is being achieved by integrating OpenGov with the city’s existing financial system to seamlessly compile and compare multiple years of data versus manually assembling vast amounts of data within cumbersome spreadsheets.
In the city’s press release, Director of Budget and Strategic Planning Jay Brown said, “This partnership provides our city government with a means to improve services and build public trust. This improved technology will allow us to streamline our budget development process, make numerous enhancements in terms of innovation, and improve collaboration across city departments.”
Governments that partner with OpenGov, on average, halve the time they spend building their budgets, spend 80 percent less time building their financial reports, and free up one percent or more of city resources that can be reallocated to other public services.
“We are thrilled to partner with the City of Richmond to help modernize its budget development and reporting processes,” said OpenGov CEO Zac Bookman. “The city joins a growing number of governments in leveraging technology to be more effective. Whether it’s striving for a AAA bond rating or allocating resources to achieve its One Richmond strategic goals, the city now has the insights it needs to better manage its budget, be more transparent, and drive superior services to the city.”
The City of Richmond joins over 1,700 city, county and state governments, special districts and schools that rely on OpenGov to be more effective and accountable. The City of West Chester, Ohio is using OpenGov to improve its budget process, and both The City of Phoenix, and Bernalillo County, New Mexico, rely on the OpenGov platform to increase government effectiveness and accountability.
OpenGov is the leader in government budgeting, operational performance, and citizen engagement solutions. Its mission is to power more effective and accountable government.
Over 1,700 public agencies in 48 states are part of the growing OpenGov network. Founded in 2012, OpenGov customers include the State Treasurer of Ohio, the city of Minneapolis, MN; Maricopa County, AZ; and Washington, DC. OpenGov is backed by Andreessen Horowitz, Emerson Collective, 8VC, and Thrive Capital and has headquarters in Redwood City, CA.
Published: November 22, 2017