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Editor's note: In its October meeting, the GFOA Executive Board approved an alliance with Grant Street Group to create GFOA YieldAdvantage, a real-time electronic marketplace for investing short-term government cash holdings. To learn more about this new product, contact Jeff McElravy at jmcelravy@gfoa.org.
While harnessing the advantages of the Internet remains a challenge for many local governments, there is little doubt that many core business processes could be readily enhanced by abandoning customary practices and embracing the use of the digital highway. One such area is cash management, namely, the process of investing idle cash. Local governments can now ...