CARY, N.C., Dec. 6, 2012 /PRNewswire/ -- The Government Finance Review, a publication by the Government Finance Officers Association, recently featured Vanguard Software's forecasting software in an article about the financial modernization of the Kansas Department of Transportation (KDOT).
The article describes KDOT's government cash flow forecasting process Vanguard Software implemented. KDOT moved from a weeks-long, difficult forecasting process to forecasts that update automatically on a daily basis. Vanguard's forecasting software integrates with project databases so that every project change automatically flows through every forecast. KDOT staff always know when and where agency funding moves. In a time of historic budget cuts and low cash balances, KDOT's tight control over its cash flow is more essential than ever.
"We're tremendously proud of our work with Kansas. It feels good to know we played a part in helping KDOT maintain and modernize Kansas' transportation infrastructure," said Rob Suggs, CEO of Vanguard Software. "We're so pleased that the Government Finance Review decided to share our accomplishments with their readership."
KDOT uses Vanguard's forecasting software for daily and long-term forecasts. While agency leaders love the nimbleness and transparency of the system—they can see what's ahead and all the assumptions and changes made to forecasts—staff administrators love how easy the software is to use. They can dedicate their time to what-if scenarios and planning rather than spreadsheet administration.
Vanguard Software produces forecasting software. Vanguard introduced its first product for decision support analysis in 1995. Today, over 2,000 companies in 60 countries use Vanguard's products, including 33 of the Fortune 100.
Contact: Hao Nguyen
SOURCE Vanguard Software