Municipalities and counties often have a complex financial portfolio, consisting of debt, loans, interest rate swaps and investments. Financial regulations impose strict requirements on how such a portfolio should be managed.
Considerable time and resources are required to administer such a portfolio. Interest must be calculated, budgets prepared, regulations must be followed and transactions are to be posted. More and more municipalities use Escali Financials to simplify administration of their financial portfolio. Today the system is used by Bergen, Aalesund, Stavanger, Trondheim, Bærum, Arendal, Tromsø, Haugesund and Drammen municipality. In addition, it is used by Akershus, Aust-Agder, South Trøndelag, Møre og Romsdal, Hordaland and Buskerud County.