On Tuesday morning, GTY Technology Holdings Inc. (GTYH) was up 4.82% at $7.17 during the pre-market hours. During the last trading session, GTYH stock lost -4.47% to close at $6.84. Price range for GTYH shares was $6.68 – $7.15.

There were 64795 shares traded on GTYH stock, which was below its daily average of 0.21 million shares over the past 100 days. In the last five days, GTYH stock has fallen -3.25%, while in the last month, it has lost -3.93%. As a result of an improved public sector platform announced by its subsidiary, GTYH stock price is climbing.

Which GTYH subsidiary made that move?

Leading companies in the public sector have joined forces with GTY Technology to redefine stakeholder engagement and resource management. GTYH offers six business units that cover functions in procurement, payments, grant management, budgeting, and permitting for state and local governments, educational institutions, and healthcare organizations. GTYH suites include Bonfire, CityBase, eCivis, OpenCounter, Questica and Sherpa.

Budget 2021.2, the newest version of the company’s flagship application, Questica Budget, has been released by GTY Technology-subsidiary Questica Inc.

• Questica is a subsidiary of GTYH, which specializes in public sector cloud solutions.
• With the introduction of Questica Budget 2021.2, the process of public-sector budgeting was made simpler and more collaborative.
• Customers and a team of user research participants, including cities and counties, healthcare companies, education institutions, courts, utility companies, and public school boards, provided valuable input to GTYH subsidiary.
• Adding new features to the successful Questica Budget 2020.2, this upgraded version now includes a task interface and a calendar integrated with the budget.
• Using the platform, authorized users can directly tag teammates, engage with any budget element on the platform, and ensure that only authorized staff members can see sensitive data.
• Additionally, “social budgeting” features will be introduced to the platform.
• The new in-product features provided by GTYH’s subsidiary are based on Microsoft Azure Cloud technology, enabling the public sector to be more strategic, efficient, and transparent.
• With an innovative data grid, intuitive interface, and advanced analytics, Questica Budget 2021.2 allows clients to find insights, reduce data reconciliation, and make informed decisions.
• Thus, governments and organizations in the public sector will be able to spend fewer resources on manual operations and administrative overhead and more time on planning for the future and analyzing past performance.

GTYH’s perspective on the improved platform:

An 18-month effort has been put into building and refining Questica Budget by GTYH subsidiary’s team based on feedback received from the public sector. The Questica Budget is the budgeting solution created especially for the public sector, and GTY Technology (GTYH) sees that it is utilized by governments, non-profits, high schools, colleges, and universities across North America.