Fiscalsoft Corporation

Fiscalsoft is a technology company dedicated to delivering tailored software solutions that enhance operational efficiency for local government entities, including counties and municipalities across the United States. Fiscalsoft provides specialized software solutions for local government operations, particularly focusing on municipal accounting, payroll, and tax management. The company is headquartered in Lexington, US. The most recent funding round occurred on June 1, 2024, when Relay Ridge Capital LLC acquired Fiscalsoft.

Financial terms were not disclosed. Fiscalsoft specializes in providing comprehensive software solutions tailored for local governments, including counties, cities, and special districts. Their core offerings, such as FiscalHR, FiscalPay, and FiscalTax, are designed to streamline municipal accounting, payroll processing, tax management, and e-filing. These user-friendly applications facilitate the efficient recording and reporting of financial activities, addressing the specific needs of governmental agencies.

Fiscalsoft's solutions have been successfully utilized by over 25 County Payroll/HR offices, aiding them in automating processes like the preparation of START files for the Kentucky Public Pension Authority (KPPA). The company's products primarily serve the local government sector across the United States, with a particular focus on Kentucky, where they are recognized for their reliability and ease of use. Fiscalsoft generates revenue through the sale of software licenses and support services to local government agencies. Transactions with clients typically involve subscription-based pricing models for their various applications, which include flagship offerings such as FiscalHR and FiscalTax.

Clients pay for these services to enhance their operational efficiencies and comply with regulatory requirements, such as electronic filing of wage and tax statements. The company’s established client base, including numerous county fiscal courts and municipalities, benefits from ongoing support, which is included in the service agreements. This structure fosters long-term relationships and ensures customer satisfaction, contributing to Fiscalsoft's reputation in the industry. In the coming years, Fiscalsoft plans to introduce new products to enhance its software offerings for local governments, with several key releases expected by the end of 2024.

The company aims to expand its market reach beyond Kentucky, targeting additional states across the US for its software solutions, with specific focus on the Southeastern region by mid-2025. The recent acquisition by Relay Ridge Capital LLC is expected to provide the necessary resources to support these initiatives, allowing Fiscalsoft to focus on product development and market expansion.