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Gty Technology Holdings Inc's Business Segments
Gty Technology Holdings Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2022
Reportable Segments
5
Largest Segment
Budget
Total Revenue
$ 16
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2022
- Budget44.2%
- Payments19.2%
- Procurement18.5%
- Grants Management13.5%
- Permitting4.6%
Revenue by Reportable Segment - Q1 FY2022
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Budget | $ 7 | 44.2% |
| Payments | $ 3 | 19.2% |
| Procurement | $ 3 | 18.5% |
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Revenue by Product & Service Category - Q1 FY2022
- Subscription and Circulation78.9%
- Professional Services18.9%
- Asset Sales1.9%
- License0.2%
Revenue by Product & Service Category - Q1 FY2022
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Subscription and Circulation | $ 13 | 78.9% |
| Professional Services | $ 3 | 18.9% |
| Asset Sales | $ 0 | 1.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Gty Technology Holdings Inc
GTY Technology Holdings Inc is a publicly-traded company that operates as a cloud-based technology solutions provider primarily in the government sector. Headquartered in Las Vegas, Nevada, GTY Technology was founded in 2016 with the goal of modernizing the way governments operate and interact with their citizens.
GTY Technology offers a suite of software applications and technology solutions designed to help improve various aspects of government operations, including finance, procurement, project management, and communications. The company's offerings are tailored to meet the unique needs of different levels of government, from local municipalities to federal agencies.
One of GTY Technology's key products is its e-Procurement solution, which streamlines the government procurement process, making it more efficient, transparent, and compliant. This software allows government agencies to streamline their purchasing activities, reduce costs, and facilitate better vendor management.
GTY Technology's financial management applications help government entities manage their budgets, financial planning, and reporting. Their software enables the automation of financial processes, improving accuracy, and reducing the risk of errors. The company also provides project management software that helps governments track and manage various projects, ensuring timely completion and optimized resource allocation.
In addition to these core offerings, GTY Technology also offers software for citizen engagement and communication. This includes solutions for online payment processing, digital permitting, and communication platforms that enhance civic participation and interaction between citizens and government agencies.
GTY Technology prides itself on offering scalable and customizable solutions that can be tailored to meet the specific needs of each government client. Their cloud-based approach allows for easy deployment and integration with existing systems, minimizing disruption and ensuring a seamless transition for government agencies.
The company's team consists of experienced professionals with deep expertise in government operations, technology, and the public sector. They work closely with clients to understand their unique challenges and provide solutions that address their specific needs.
As a publicly-traded company, GTY Technology is committed to delivering long-term shareholder value. They strive to maintain strong corporate governance practices, transparency, and compliance with regulatory requirements.
Overall, GTY Technology Holdings Inc is a leading technology solutions provider in the government sector, empowering government agencies to operate more efficiently, improve citizen services, and enhance transparency. With a robust suite of cloud-based applications, the company is well-positioned to continue driving innovation and transformation in the public sector.
GTY Technology offers a suite of software applications and technology solutions designed to help improve various aspects of government operations, including finance, procurement, project management, and communications. The company's offerings are tailored to meet the unique needs of different levels of government, from local municipalities to federal agencies.
One of GTY Technology's key products is its e-Procurement solution, which streamlines the government procurement process, making it more efficient, transparent, and compliant. This software allows government agencies to streamline their purchasing activities, reduce costs, and facilitate better vendor management.
GTY Technology's financial management applications help government entities manage their budgets, financial planning, and reporting. Their software enables the automation of financial processes, improving accuracy, and reducing the risk of errors. The company also provides project management software that helps governments track and manage various projects, ensuring timely completion and optimized resource allocation.
In addition to these core offerings, GTY Technology also offers software for citizen engagement and communication. This includes solutions for online payment processing, digital permitting, and communication platforms that enhance civic participation and interaction between citizens and government agencies.
GTY Technology prides itself on offering scalable and customizable solutions that can be tailored to meet the specific needs of each government client. Their cloud-based approach allows for easy deployment and integration with existing systems, minimizing disruption and ensuring a seamless transition for government agencies.
The company's team consists of experienced professionals with deep expertise in government operations, technology, and the public sector. They work closely with clients to understand their unique challenges and provide solutions that address their specific needs.
As a publicly-traded company, GTY Technology is committed to delivering long-term shareholder value. They strive to maintain strong corporate governance practices, transparency, and compliance with regulatory requirements.
Overall, GTY Technology Holdings Inc is a leading technology solutions provider in the government sector, empowering government agencies to operate more efficiently, improve citizen services, and enhance transparency. With a robust suite of cloud-based applications, the company is well-positioned to continue driving innovation and transformation in the public sector.
GTY Technology Holdings Inc. is a company that specializes in providing technology solutions for the public sector. The companys offerings fall into various segments, products, and services aimed primarily at enhancing operational efficiency, transparency, and engagement for government entities and other public organizations. Heres an extensive overview of the key segments, products, and services GTY Technology Holdings provides:
Segments
1. Public Sector Solutions: GTY Technology focuses primarily on offering solutions tailored for government agencies at all levels. This segment addresses the unique challenges faced by public sector organizations in managing processes, data, finances, and engagements with constituents.
2. Procurement and Financial Management: Solutions in this segment help public entities efficiently manage their procurement processes and financial transactions, ensuring compliance with regulatory standards while optimizing resource management.
3. Citizen Engagement: Products and services designed to enhance interaction between government entities and the public, maximizing transparency and responsiveness.
Products and Services
1. e-Procurement and Contract Management:
- Procurement Solutions: Software solutions that streamline the procurement process, including online bidding, vendor management, and contract lifecycle management. These tools help governments save time and reduce costs while ensuring compliance.
- Contract Management Software: Enables organizations to efficiently manage their contracts, track compliance, and analyze contract performance.
2. Financial Management Systems:
- Fund Accounting: Software designed specifically for government accounting needs, allowing for multi-fund accounting options, budgeting, and financial reporting that meets state and federal guidelines.
- Payroll and Human Resources Management: Comprehensive HR and payroll systems that cater to the needs of public sector employees, ensuring accuracy in payroll processing and personnel management.
3. Citizen Services and Engagement Platforms:
- Citizen Portal: Online platforms that allow citizens to access government services, submit requests, and engage in civic activities seamlessly.
- Mobile Applications: Solutions designed for mobile devices to facilitate communication and service access between governments and citizens, enabling notifications and a two-way interaction platform.
4. Budgeting and Performance Management:
- Budgeting Solutions: Tools that assist in the development of budgets, facilitating real-time collaboration between various departments and ensuring alignment with financial goals.
- Performance Measurement: Software that allows organizations to track and report on performance metrics, providing insights into operational efficiency and effectiveness.
5. Data Analytics and Reporting:
- Business Intelligence Tools: Systems that aggregate data from various sources within public organizations, providing actionable insights and reporting capabilities to inform decision-making processes.
- Performance Dashboards: Visualization tools that help officials track key performance indicators (KPIs) to facilitate transparency and accountability.
6. Cloud Solutions:
- SaaS Offerings: Many of GTY’s solutions are delivered as Software-as-a-Service (SaaS), providing scalable and flexible options for government agencies to manage their operations without the burden of on-premises infrastructure.
Support and Training Services:
- Customer Support: Ongoing support for users of their software solutions, including troubleshooting, updates, and help desk services.
- Training Programs: Educational resources and training sessions designed to ensure that users are well-versed in the functionality of GTY’s products, maximizing their effectiveness in everyday operations.
Focus on Integration and User Experience
GTY Technology Holdings emphasizes an integrated approach across its various platforms to create a seamless user experience. By enabling interoperability between different governmental departments and systems, GTY’s solutions aim to break down silos and foster collaboration, which is crucial for effective governance and service delivery.
Conclusion
GTY Technology Holdings Inc. positions itself as a vital partner to public sector organizations, providing a comprehensive suite of technology solutions designed to improve efficiency, transparency, and citizen engagement. With a commitment to addressing the specific needs of government entities, GTY continues to develop and refine its products and services to adapt to the evolving landscape of public administration.
Segments
1. Public Sector Solutions: GTY Technology focuses primarily on offering solutions tailored for government agencies at all levels. This segment addresses the unique challenges faced by public sector organizations in managing processes, data, finances, and engagements with constituents.
2. Procurement and Financial Management: Solutions in this segment help public entities efficiently manage their procurement processes and financial transactions, ensuring compliance with regulatory standards while optimizing resource management.
3. Citizen Engagement: Products and services designed to enhance interaction between government entities and the public, maximizing transparency and responsiveness.
Products and Services
1. e-Procurement and Contract Management:
- Procurement Solutions: Software solutions that streamline the procurement process, including online bidding, vendor management, and contract lifecycle management. These tools help governments save time and reduce costs while ensuring compliance.
- Contract Management Software: Enables organizations to efficiently manage their contracts, track compliance, and analyze contract performance.
2. Financial Management Systems:
- Fund Accounting: Software designed specifically for government accounting needs, allowing for multi-fund accounting options, budgeting, and financial reporting that meets state and federal guidelines.
- Payroll and Human Resources Management: Comprehensive HR and payroll systems that cater to the needs of public sector employees, ensuring accuracy in payroll processing and personnel management.
3. Citizen Services and Engagement Platforms:
- Citizen Portal: Online platforms that allow citizens to access government services, submit requests, and engage in civic activities seamlessly.
- Mobile Applications: Solutions designed for mobile devices to facilitate communication and service access between governments and citizens, enabling notifications and a two-way interaction platform.
4. Budgeting and Performance Management:
- Budgeting Solutions: Tools that assist in the development of budgets, facilitating real-time collaboration between various departments and ensuring alignment with financial goals.
- Performance Measurement: Software that allows organizations to track and report on performance metrics, providing insights into operational efficiency and effectiveness.
5. Data Analytics and Reporting:
- Business Intelligence Tools: Systems that aggregate data from various sources within public organizations, providing actionable insights and reporting capabilities to inform decision-making processes.
- Performance Dashboards: Visualization tools that help officials track key performance indicators (KPIs) to facilitate transparency and accountability.
6. Cloud Solutions:
- SaaS Offerings: Many of GTY’s solutions are delivered as Software-as-a-Service (SaaS), providing scalable and flexible options for government agencies to manage their operations without the burden of on-premises infrastructure.
Support and Training Services:
- Customer Support: Ongoing support for users of their software solutions, including troubleshooting, updates, and help desk services.
- Training Programs: Educational resources and training sessions designed to ensure that users are well-versed in the functionality of GTY’s products, maximizing their effectiveness in everyday operations.
Focus on Integration and User Experience
GTY Technology Holdings emphasizes an integrated approach across its various platforms to create a seamless user experience. By enabling interoperability between different governmental departments and systems, GTY’s solutions aim to break down silos and foster collaboration, which is crucial for effective governance and service delivery.
Conclusion
GTY Technology Holdings Inc. positions itself as a vital partner to public sector organizations, providing a comprehensive suite of technology solutions designed to improve efficiency, transparency, and citizen engagement. With a commitment to addressing the specific needs of government entities, GTY continues to develop and refine its products and services to adapt to the evolving landscape of public administration.