CenterPoint Fund Accounting for Municipals

3 Reviews 5/5

A fund accounting software for municipalities in the US, available on premise or cloud-based.

Product Overview

CenterPoint Fund Accounting for Municipals is designed for municipalities in the US, available both on-premise and in the cloud. Its feature set includes fund accounting, budgeting, grant tracking, purchase order and requisition management, utility billing integration, and financial analysis. The software offers a general ledger with customizable reporting aligned with the Government Accounting Standards Board (GASB) recommendations. Additionally, it integrates seamlessly with CenterPoint Payroll, enhancing payroll processing efficiency.

Pros

  • Budget vs actual variance reporting
  • Payroll and utility billing integration
  • Affordable for small to mid size municipalities

Cons

  • Pricing requires consultation
  • Slightly dated user interface
  • Minor errors when using the import tool

Target Market

Municipalities with small to medium size populations.

CenterPoint Fund Accounting for Municipals Features:

Accounts Payable

  • Write checks without setting up a vendor.
  • Select vendors and pay due invoices.

Accounts Receivable

  • Enter invoices and manage payment schedules.
  • Enhance municipal cash management by tracking payment due dates.

Budgeting and Financial Analysis

  • Create financial scenarios to project cash flow.
  • Prepare future strategies with comprehensive financial analysis tools.

Fund Accounting

  • Strong and customizable budgeting and reporting processes.
  • Complies with Government Accounting Standards Board formats for revenue and expenditure statements.

General Ledger

  • Easy-to-customize budgeting and reporting.
  • Follows Government Accounting Standards Board’s recommended formats.

Reporting

  • Customizable reports exportable to spreadsheets, word processing, and other formats.
  • Combine or separate departmental data.
  • Compare variances between actual data and budget percentages.

Payroll Integration

  • Seamlessly integrates with CenterPoint Payroll.
  • Streamline payroll processes to save time and money.

Purchase Orders

  • Manage purchases and requisitions efficiently.
  • Produce, modify, and receive purchase orders easily.
  • Automatically create accounts payable transactions upon receipt.

Security

  • Company-level and menu-level security options.

Utility Billing - RVS

  • Integrates with the RVS Utility Billing System.
  • Streamlines utility billing processes.
  • Developed with over 20 years of experience in the utility industry.

Red Wing Software Company Overview

Price Range Learn More
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Product Overview

Developer Overview

  • Name Red Wing Software, Inc.
  • Year Founded 1979
  • Headquarters Red Wing ,Minnesota ,USA
  • Type Private
  • Est. Size 10-50 employees
  • Est. Revenue $10M-$50M

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User Reviews of CenterPoint Fund Accounting for Municipals

Kathy Nelson
Overall
★★★★★
★★★★★
Features
★★★★★
★★★★★
Customer Support
★★★★★
★★★★★

We Absolutely love it!

March 8th, 2023 • Product Experience: 0-6 months • Role: End User

We moved forward with Centerpoint through RedWing and we absolutley love it! We deployed the software both to handle our business licensing and our standard accounting. Both features have been great and more capable than the tools we were using in Quickbooks. Steve was a constant support through implmentation as well as ongoing as we use the software.

Duane
Director of Finance
  • Specialized Consumer Services
  • 11-50 employees
  • Annual revenue $1M-$10M
Overall
★★★★★
★★★★★

The payroll is a breeze

November 2nd, 2017 • Roles: Purchaser & End User

Very little I dislike. It’s wonderful.

Pros

Independence of the fund department and the GL account number. Reports that make sense. The payroll is a breeze. Everything is a breeze.

Cons

The import tool may be a little bit over-structured. It caught a few errors (as I had a 3,000 line journal entry) and it did catch some things that were inconsistent, but it kind of forced some dates that I didn't realize would happen. Their checks and balances threw some things into wack.

Julie
  • Professional Services
  • 1-10 employees
  • Annual revenue $0-$1M
Overall
★★★★★
★★★★★

CenterPoint Fund Accounting for Municipals Review

December 17th, 2013 • Roles: Purchaser & End User

Easy to use and works with our current water billing software

Pros

Able to interact with RVS Software

Cons

Missing a couple of report types I had with previous software