Happy Customers Mean Better Outcomes
When our customers are happy with their financial plans it means that their townships, school districts, or municipalities are happy too. The following stories illustrate how our Synopsis clients use the platform to better understand and communicate their financial future.
Our customers are seeing incredible transformations in how they view the long-term financial health of their local governments and school districts. Read the testimonials below to see how different municipalities are utilizing the Synopsis planning platform.
Analyzing Unfunded Pension Liability with Scenario Planning
The City of Newport Beach
User: Steve Montano, Deputy Finance Director
In California, monitoring and managing pension liability is crucial to the future solvency of every municipality.
During a recession, managing pension liability can become a scenario analysis nightmare. Declining market returns coupled with uncertain and unpredictable municipal revenue streams can place municipalities in precarious financial positions, especially in relation to their pension obligations.
Learn how the City of Newport Beach used Synopsis to build and analyze multiple financial scenarios to understand its ability to pay its unfunded pension liability over a range of economic conditions.
Credit Rating Upgrade with the Help of Synopsis
The City of Covington
User: Muhammed Owusu, Finance Director
When Muhammed Owusu began his new position as the City of Covington’s (the City or Covington) Finance Director, he knew he needed a sophisticated planning tool. The City was looking to improve its municipal credit rating,
but in order to do so, multi-year forecasting had to become a priority. For Owusu, Synopsis was a critical component in enabling the City to meet both its financial goals and the rating agencies’ expectations.
Owusu utilized Synopsis' out-of-the-box forecasting and scenario planning features to show the The City of Covington was prepared for a variety of future economic conditions, and its credit rating should reflect that preparedness.
Industry Leading Financial Planning for Local Governments
Build a brighter future for your public entity with Synopsis. Schedule a discovery call below to see how your municipality could uniquely benefit from powerful financial planning tools.
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