Sunday, 31 Aug 2025
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Subscribe
Life Care News
  • Home
  • Business
    • Business Wire
    • Globenews Wire
  • News
    NewsShow More
    Best Ally in the fight against corruption
    Best Ally in the fight against corruption
    31/08/2025
    SANY Reports Strong First Half 2025 Results, Delivering Profitable Growth
    SANY Reports Strong First Half 2025 Results, Delivering Profitable Growth
    31/08/2025
    Bybit x Santiment DeFi Report: Platform Tokens Shine As MNT Sees Over M Whale Transactions
    Bybit x Santiment DeFi Report: Platform Tokens Shine As MNT Sees Over $1M Whale Transactions
    30/08/2025
    Wonderful Indonesia Shines at ITB India 2025: From Bali to Beyond
    Wonderful Indonesia Shines at ITB India 2025: From Bali to Beyond
    30/08/2025
    Rethink Light, Reimagine Style — Olight Unveils ArkPro Series with Groundbreaking Pure Flood
    Rethink Light, Reimagine Style — Olight Unveils ArkPro Series with Groundbreaking Pure Flood
    29/08/2025
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
  • 🔥
  • news
  • june
  • global
  • Business
  • july
  • today
  • announced
  • aug
  • company
  • Tech
Font ResizerAa
Life Care NewsLife Care News
  • Home
  • Business
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Search
  • Home
  • Business
    • Business Wire
    • Globenews Wire
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Business

Strada Unveils Automated ACFR App to Transform Public Sector Financial Reporting

Business Wire
Last updated: 17/06/2025 3:55 PM
Business Wire
Share
4 Min Read
Strada Unveils Automated ACFR App to Transform Public Sector Financial Reporting
SHARE
Strada Unveils Automated ACFR App to Transform Public Sector Financial Reporting

New app streamlines compliance, boosts efficiency and frees finance teams from the manual burden of year-end reporting

- Advertisement -

MIAMI–(BUSINESS WIRE)–Strada, the leading provider of end-to-end payroll, human capital, and financial management solutions, proudly announces its new Workday Marketplace app, Automated Annual Comprehensive Financial Report (ACFR). Scheduled for release on the Workday Marketplace in late summer 2025 and purpose-built for U.S. state and local governments, the app can replace time-consuming reporting with intelligent automation to enhance the speed, accuracy, and consistency of ACFR preparation.

- Advertisement -


Preparing an ACFR is a legal requirement for most U.S. government entities and a cornerstone of transparency and compliance with Governmental Accounting Standards Board (GASB) regulations. Yet for many public sector entities, the process remains highly manual, error-prone, and reliant on outdated systems.

- Advertisement -

Strada’s Automated ACFR will address these challenges directly by connecting to Workday Adaptive Planning, which will help customers automate data extraction, formatting, and version control. The app will allow customers to compile all required ACFR content, from financial statements and narrative disclosures to trend data and statistical tables, dramatically reducing manual effort while improving accuracy, consistency, and auditability.

- Advertisement -

Finance teams using the Automated ACFR app will expect to see, on average:

  • 80% reduction in the time required to produce an ACFR
  • 50% reduction in manual effort needed to compile the report
  • Estimated annual savings of $110,000 to $160,000

“With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever,” said Steven Porter, Head of Public Sector Sales at Strada. “This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance.”

- Advertisement -

Automated ACFR will be generally available by the end of 2025. The initial release will deliver robust automation and template-driven reporting capabilities, aligned within established Government Finance Officers Association (GFOA) Excellence in Financial Reporting Program standards and designed to bring immediate, high-impact value to public sector finance teams. Looking ahead, Strada is also developing embedded AI agents to further enhance the solution. Set to debut in early 2026, the agents will assist with drafting, editing, and refining complex narrative sections, helping ensure consistency, clarity and compliance year over year.

- Advertisement -

By referencing both prior-year reports and current-year data, the AI agents will:

  • Update management discussion and analysis (MD&A) sections
  • Align commentary with updated charts, figures, and tables
  • Maintain a consistent tone and structure year over year
  • Suggest clearer, more concise phrasing while preserving format

“Our vision is to support public sector teams not just with automation, but with intelligent assistance that makes complex reporting faster, clearer, and more consistent,” Porter added. “We want to help these skilled financial professionals focus on insight, not admin and free them from time consuming, repetitive tasks so they can deliver greater value for their communities.”

- Advertisement -

Strada will showcase the new Automated ACFR app at the upcoming GFOA Annual Conference (June 29 – July 2) in Washington, D.C. at the Walter E. Washington Convention Center, Hall E, Booth #641. Attendees can book a one-on-one demo to explore how the solution simplifies ACFR preparation, reduces compliance risk, and prepares for future AI-driven innovation.

- Advertisement -

To learn more or reserve a demo slot please visit our website.

About Strada

- Advertisement -

Strada is a people, payroll, and technology leader that simplifies international workforce management. Across 180 countries, Strada designs and delivers people first solutions powered by cloud-based technology that help organizations grow and enable workforces to perform at their best. To learn more, visit www.stradaglobal.com

- Advertisement -

Contacts

Claire Watson

Claire.Watson@stradaglobal.com

- Advertisement -
Hisense Highlights Flagship Display Products During FIFA Club World Cup 2025, Bringing Joyful Moments to Every Home
Cyble Recognized as a Sample Vendor in Three Gartner Hype Cycle Reports for the Second Consecutive Year
Aptose Biosciences Announces Results of Reconvened Annual and Special Shareholders Meeting and Appointment of Ernst & Young LLP as New Auditor
Bombay High Court Dismisses PIL Filed Against Apex Insurance Consultant Ltd., Restores Confidence in Medical Community
Civilization Series brings BRICS together in Rio
TAGGED:acfrannouncesappautomatedboostsburdencapitalcomplianceefficiencyendtoendentitiesfinancefinancialfreeshumanleadingmanagementmanualmarketplacemiamibusinesspayrollproudlyproviderreportingsolutionsstreamlinesteamswirestradaworkdayyearend
Share This Article
Facebook Copy Link Print
- Advertisement -

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
PinterestPin
InstagramFollow
YoutubeSubscribe
LinkedInFollow
MediumFollow

Most Selling Products

Top Picks, Trending Now – Discover the Best Sellers!
Tecno Camon 20 Premier 5G

Tecno Camon 20 Premier 5G

Dark Welkin | 8GB RAM + 512GB Storage (Expandable RAM up to 16GB) | Industry’s 1st 50MP RGBW-Pro Camera | Segment-First 108MP Ultra-Wide Macro Lens | 6.67" 120Hz 10-bit AMOLED In-Display

iQOO Z10 Lite 5G

iQOO Z10 Lite 5G

Titanium Blue | 6GB RAM + 128GB Storage | Dimensity 6300 5G with 433K+ AnTuTu Score | Robust 6000mAh Battery | IP64 Rated + Military-Grade Shock Resistance

OnePlus 13s

OnePlus 13s

Black Velvet | 12GB RAM + 256GB Storage | Flagship Snapdragon® 8 Elite Chipset | Exceptional Battery Life in a Compact Form | Lifetime Display Warranty Included

Samsung Galaxy A55 5G

Samsung Galaxy A55 5G

Awesome Iceblue | 8GB RAM + 256GB Storage | Premium Metal Frame | 50MP OIS Main Camera with Nightography | IP67 Water & Dust Resistance | Gorilla Glass Victus+ | sAMOLED Display with Vision Booster

You Might Also Like

UN Global Compact Launches Central Asia Network to Drive SDG Progress
Business

UN Global Compact Launches Central Asia Network to Drive SDG Progress

20/06/2025
Best Ally in the fight against corruption
Business

MTCM Securitization Architects Partners with Tokeny to Launch Dual-Format Issuance Framework Bridging Traditional and Digital Securities

23/06/2025

Lamborghini takes first victory of the DTM season on the streets of the Norisring

07/07/2025

Hokulani Limited Acquires Minority Stake in Publisher of Women Football Magazine “She Kicks”

06/08/2025
Life Care News
Facebook Twitter Youtube Rss Medium

Life Care News:


We increase the awareness of millions of users through our news networks. We are one of the most trusted news networks in the world.

Top Categories
  • Home
  • Business
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Usefull Links
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Copyright © 2015 – 2025 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Life Care NewsLife Care News
Copyright © 2015 - 2025 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?