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A simple example of this would be that Sales holds data around which products sell fastest and trends in customer buying behavior. If they keep this data siloed, then Procurement and Finance would not know to order more units or build that capacity in future budgets. 20-minute discovery call with a productexpert.
What your peers are doing: A study done in 2020 by Cherry Bekaert highlights just how local governments are looking at the impact of GASB 87 on their financial statements and shows where they are in the process of adopting the standard. We have heard, Oh, we dont have lease payments, we have rent payments.
The Government Accounting Standards Board introduced GASB 96 , an accounting standard, in May 2020 to address the accounting and financial reporting of SBITAs in governmental accounting. This differs from traditional IT procurement, where governments would purchase hardware and software licenses upfront.
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