ACFR Studio
Simplify ACFR Reporting with Gravity
You're well-aware that producing your Annual Comprehensive Financial Report (ACFR) can be an enormously complex and time-consuming task.
So, with you in mind, we created ACFR Studio to simplify the process from start to finish. Designed specifically for government agencies, Gravity automates everything from data consolidation to formatting and compliance. With ACFR Studio, you can ensure your reports are accurate, compliant, and up-to-date with the latest GASB and GFOA standards, without the manual hassle.
Transform Your ACFR Preperation
Before Gravity
Managing the ACFR process manually is tedious and error-prone. You may have struggled with gathering financial data from multiple sources, manually linking data across reports, and ensuring compliance—leading to delays and increased chances of mistakes.
With Gravity
Gravity changes everything. The ACFR Studio automates and simplifies your entire ACFR workflow, from data loading to final publication. With built-in compliance and real-time collaboration tools, you can complete your reports faster, reduce errors, and focus more on strategic work that adds value to your agency.
Key Features
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Built-in Compliance: Gravity is based on GASB 34 standards, automatically incorporating the latest guidelines so your reports stay compliant with minimal effort.
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Data Integration: Gravity pulls financial data directly from your source systems and automatically maps it to the correct reporting structures, ensuring accuracy and eliminating manual data entry.
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Automation: Gravity automatically generates statements and disclosures, including government-wide reports and cash flow statements, saving you time and reducing errors in your reporting process.
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Publishing Engine: Government entities of all sizes use Gravity’s robust publishing tools to produce highly formatted reports. Even without a professional designer, Gravity enables you to create reports with professional-grade layouts, charts, images, and colors.
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XBRL Reporting: Fully compliant with the ACFR XBRL and Florida AFR mandates, Gravity generates XBRL output automatically, without manual tagging. You’ll meet regulatory requirements effortlessly with the correct tags and structure in place.
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Real-time Collaboration: With Gravity’s centralized platform, your entire team can collaborate in real-time, ensuring smooth communication, version control, and efficient internal reviews.
Key Benefits
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Ensure Compliance and Accuracy: Gravity’s automatic adherence to GASB and GFOA standards means you’ll always meet regulatory requirements, minimizing the risk of errors.
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Centralized Data Management: By integrating financial data from all your systems into one platform, Gravity removes the need for manual reconciliation, reducing time spent and errors caused by multiple sources.
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Seamless Reporting Integration: Use Gravity’s modules for other functions like lease, debt, or grants management? No problem—those reports can be seamlessly integrated into your ACFR, streamlining your entire financial reporting process.
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Save Time and Reduce Complexity: Automating repetitive tasks, like generating government-wide statements and tagging XBRL documents, frees up your time so you can focus on high-value, strategic activities.
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Professional Publishing Quality: Produce polished, highly formatted reports that meet public sector requirements without needing to involve professional designers. Gravity handles layouts, colors, and charts automatically, ensuring a clean and professional look.
Why Gravity is Right for You
ACFR Studio by Gravity is the comprehensive solution tailored specifically for public sector finance and accounting professionals. By automating key aspects of the ACFR process and ensuring compliance with the latest standards, Gravity takes the stress out of preparing your reports—letting you focus on what truly matters: delivering value to your organization and the community.