BOSTON–(BUSINESS WIRE)–Today, Questica Inc. (“Questica”), a division of GTY Technology Holdings Inc. (“GTY”) and a leading provider of budget solutions for publicly funded organizations, introduces Questica InTuition, a revenue model designed to empower college budget managers who Ability to easily forecast tuition income using the University of Delaware budget model.
“Put simply, Questica InTuition takes input, performs calculations, and produces output for yield modeling,” said Craig Ross, Questica CEO. “Higher education budget managers can now create complex forecasts quickly, easily, and accurately – we’re excited to offer this level of automation to Questica customers.”
Enrollment is a critical factor for educational institutions, and accurately predicting projected numbers allows for better planning. The Questica team worked with an existing higher education client to develop a model adapted from the well-known academic paper, the University of Delaware Budget Model. Questica InTuition uses historical enrollment patterns to estimate statistics such as future enrollments per semester and determines budgets from tuition that those enrollments will generate. The solution calculates various tuition modeling scenarios and generates accurate tuition trend reports on a future enrollment.
Customers using Questica InTuition work with a Questica consultant who implements the tool and provides training on its use. The solution is delivered as a set of calculation templates within Questica’s Advanced Calculation Engine (ACE) module, providing a highly configurable system.
The Questica InTuition Revenue Model is available as an additional tool in the Higher Education Budgeting Software.
For over 20 years, Questica has partnered with public sector organizations to enable data-driven budgeting and decision-making while improving data accuracy, productivity and stakeholder trust. Over 700 organizations use Questica’s software solutions for budgeting, performance, transparency and engagement. For more information about Questica, visit www.questica.com.
GTY Technology Holdings Inc.
GTY Technology (GTY) brings together leading cloud software to provide modern solutions for state and local governments, educational institutions and healthcare organizations. More than 3,000 government agencies across North America use GTY solutions to achieve better outcomes for their constituents by improving the way they engage with stakeholders and manage their resources. Designed for the public sector, the intuitive suite of solutions supports the policy, regulation and compliance needs unique to the public sector. Public management solutions for budgeting (Questica and Sherpa), grant management (eCivis), and procurement solutions for both government buyers and suppliers (Bonfire) and (DemandStar) to modernize the end-to-end procurement process and add efficiency, transparency, and collaboration to enhance. Citizen participation solutions for payments (CityBase) and approvals (OpenCounter) ensure efficiencies while improving citizen access and satisfaction. To learn more about the GTY Platform and the positive impact it is having on the people and communities it serves, visit: www.gtytechnology.com.
Founded in 2001, GI Partners is a private investment firm with more than 130 employees and offices in San Francisco, New York, Chicago, Greenwich, Scottsdale and Dallas. The firm has $35 billion in assets under management and invests on behalf of leading institutional investors around the world through its private equity, real estate and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, IT infrastructure, services and software sectors. The real estate team focuses primarily on technology and life science real estate, as well as other specialized real estate types. The data infrastructure team primarily invests in hard-asset infrastructure companies that support the digital economy. Visit www.gipartners.com for more information.