The Township of Newtown has been awarded the ‘Distinguished Budget Presentation Award’ from the Government Finance Officers Association for the second year in a row!
This award is the highest form of recognition in governmental budgeting. Its attainment represents a significant achievement by an organisation.
The Township of Newtown is a customer through MAGIQ Software’s US Sales Partner, Dallas Data Systems.
The Township have been using MAGIQ Performance budgeting, reporting and planning software since 2016 for their operating, capital and position-based budgeting. Their award winning Budget Book was created using MAGIQ Performance’s Excel Publisher which is an extension of our budgeting solution.
MAGIQ Publisher Excel uses best practice architecture and native Microsoft Office Add-In technology to automate the publishing process to deliver high-quality, accurate organisational documents.
Typically, the process to build and update the Budget Book and financial reports involves a time-consuming, manual ‘cut and paste’ from applications to a MS Word document. Traditional methods also require periodic data re-entry and manual replacement of business information, leading to a risk of inaccuracy.
Thanks to MAGIQ Publisher Excel the Township’s monthly budgeting reports do not vary from month to month in appearance because the numbers and charts are automatically updated. Instead of having to spend time formatting and updating the budget, users can switch filters around, providing more time to focus on the narratives.
This allows the budget book to serve as a policy document, a financial plan, an operations guide and a communications device – permitting the organisation to commit to the highest principles of governmental budgeting.
Congratulations to the finance team at the Township of Newtown!
About MAGIQ Software
With offices in New Zealand, Australia and the USA, MAGIQ Software provides a market-leading Public Sector Cloud Platform to more than 550 customers.
We deliver appropriate software for each customer’s business size, capabilities and available resources, allowing our customers to accelerate their business efficiency, simply.