Government Budgeting Software Company, ClearGov, Achieves 500 Customer Milestone, Continues To Accelerate
Of the 500 customers, 49% subscribe to multiple products from ClearGov’s Budget Cycle Management suite.
Maynard, MA – Leading cloud-based government budgeting software company, ClearGov, recently surpassed 500 customers and continues to grow rapidly. In each of the last two years, the company’s revenue has more than doubled, generating 112.5% annual recurring revenue growth (ARR) year-over-year.
This quick growth is fueled by the ongoing expansion of the company’s Budget Cycle Management suite, which includes Capital Budgeting, Personnel Budgeting, Operational Budgeting, Digital Budget Book, and Transparency.
Thirty percent of ClearGov’s 500 customers are GFOA Distinguished Budget Award winners – and of those winners, 86% of them use the company’s Digital Budget Book solution. The GFOA’s Distinguished Budget Presentation Award criteria was built into ClearGov’s Digital Budget Book framework along with an easy-to-follow checklist so that governments can confidently submit their budget book for award consideration.
Additionally, ClearGov Capital Budgeting launched in the summer of 2021, and was quickly embraced by local governments for its ease of use and ability to produce multi-year, multi-scenario plans to help organizations find the optimal balance of capital funds. The solution surpassed 100 customers in November, driven by its unique feature set and the need of local governments to manage funding from both the American Rescue Plan Act and the Infrastructure Investment and Jobs Act.
“We started ClearGov in 2015 with the goal of helping local governments better communicate to citizens how their local tax dollars are spent. Now, more than 500 governments are using ClearGov to not only improve transparency, but also vastly streamline their whole budgeting process from budget planning to communication,” said Chris Bullock, CEO and Co-Founder of ClearGov. “We are extremely proud that we are making a real difference in these communities.”
A hallmark of ClearGov’s success is its committed effort to help local governments modernize and improve their budgeting processes through its Budget Cycle Management suite, which provides a comprehensive, fully integrated solution that makes the budgeting process significantly more efficient.
ClearGov’s Budget Cycle Management suite includes:
- Capital Budgeting – Automate the collection, organization and optimization of capital utilization
- Personnel Budgeting – Manage compensation and benefits, conduct scenario planning and what-if analysis
- Operational Budgeting – Build a forecast and annual budget more efficiently and collaboratively
- Digital Budget Book – Produce an interactive, GFOA award-winning budget book in a fraction of the time
- Transparency – Tell a government’s financial story to drive community support and engagement
“For local governments that want to budget better and promote greater civic engagement, ClearGov is pleased to offer easy to use budgeting solutions that are affordable for any government. As we continue to grow and surpass the milestones we’ve established for ourselves, we’ll keep working to develop innovative budget solutions that make government work better,” concluded Bullock.
To learn more about ClearGov, please visit: https://cleargov.com/.
About ClearGovClearGov® is the leading provider of Budget Cycle Management software, focused on helping local governments and their department heads streamline the annual budgeting process by automating workflow, increasing collaboration, and centralizing data. ClearGov solutions are powerful enough to support local governments of every size, yet affordable enough for even the smallest towns and villages. Hundreds of communities across the country rely on our cloud-native Budget Cycle Management solutions to modernize their budget process. For more information, visit www.cleargov.com.