Questica Inc., a business unit of GTY Technology Holdings Inc. (‘‘GTY’’) and a leader in budget solutions for publicly funded organizations, launches Questica InTuition, a revenue model to empower Higher Education budget managers with the capability to effortlessly forecast tuition revenue making use of the University of Delaware budget model.
Questica InTuition takes inputs, makes computations, and creates outputs for revenue modeling, states Craig Ross, CEO of Questica.
Higher education budget managers can now make complex forecasts quickly, and effortlessly – the Questica team is excited to offer this level of automation to its clients, Ross added.
Enrollment is a significant factor for education institutions and accurately predicting projected statistics allows for enhanced planning. The Questica team worked with an existing higher education client to create a model that was designed from a well-known academic paper, ‘‘University of Delaware Budget Model.’’ Questica InTuition uses historical enrolment patterns to estimate statistics like future enrollment per semester and determines budgets from tuition revenue that those enrollments will produce. The solution calculates several tuition modeling scenarios and generates accurate trend reports for tuition costs on go-forward enrollment.
Clients that utilize Questica InTuition will work with a Questica consultant who will execute the tool and provide guidance on its usage. The solution is presented as a set of computation templates within Questica’s Advanced Calculation Engine (ACE) module, offering a highly configurable system.
The Questica InTuition Revenue Model is offered as an additional device in the Higher Education Budgeting Software.
Questica for years
Questica’s purpose is to drive budget transformation by creating a single source of data truth. As a lead of budgeting preparation and management software since 1998, it partners with public sector associations to enhance and enable data-driven budgeting and decision-making, while boosting data accuracy, and productivity and developing stakeholder confidence.
Questica today operates as a wholly owned business unit of GTY while maintaining its brand, operations, and leadership structure.
In February 2019, the company along with five other firms including OpenCounter, eCivis, Bonfire, CityBase, and Sherpa Government Solutions, affiliated with GTY Technology Holdings Inc. (GTY). GTY creates leading cloud software together to provide innovative solutions for state and local governments, education institutions, and healthcare businesses.
For more than 20 years, it has partnered with public sector organizations to facilitate data-driven budgeting and decision-making, while enhancing productivity, data accuracy, and enriching stakeholder confidence. Over 700 organizations are employing Questica’s budgeting, performance, transparency, and engagement software solutions.
About GTY Technology Holdings Inc.
GTY Technology (GTY) brings leading cloud software composed to deliver modern solutions for local and state governments, healthcare organizations, and educational institutions. Over 3,000 agencies across North America leverage GTY solutions to deliver better outcomes for their constituents by enhancing the approach they involve stakeholders and manage their resources.
Developed for the public sector, the intuitive suite of solutions supports the policy, regulation, and compliance obligations distinctive to the public sector. Public Administrative solutions for budgeting (Questica and Sherpa), grants management (eCivis), and procurement solutions for both government buyers and suppliers (Bonfire) and (DemandStar) to revolutionize the end-to-end sourcing procedure and enhance efficiency, transparency, and partnership. Civic Engagement solutions for payments (CityBase) and permits (OpenCounter) deliver efficacies while enhancing resident access and gratification.
About GI Partners
GI Partners is a private investment firm, founded in 2001, with more than 130 people and offices in San Francisco, New York, Chicago, Scottsdale, Greenwich, and Dallas. The firm has assets under management totaling $35 billion and invests on behalf of leading institutional investors across the globe through its private equity, real estate, and data infrastructure strategies. The private equity team invests predominantly in companies in the healthcare, IT infrastructure, software, and services sectors.
The real estate team concentrates on technology and life sciences properties as well as other specific types of real estate. The data infrastructure team participates principally in hard asset infrastructure firms emphasizing the digital economy.