Utah Navajo Trust Fund ADM

What Utah Navajo Trust Fund ADM does

The Utah Division of Finance is a state government agency under the Utah Department of Government Operations that manages the financial operations of the State of Utah. It operates the statewide financial management system Vantage Financial (formerly FINET) for accounting, budget control, and reporting, and supports payroll, payments, disbursements, debt collection, financial reporting, and travel/purchasing-card administration. Supporting layers include the State Data Warehouse with nightly uploads from Vantage Financial, Payroll, and DHRM; IBM Cognos Business Intelligence as the primary reporting tool for hundreds of custom reconciliation, balancing, and forecasting reports; SAP Concur for travel and expense management with native integration to Vantage Financial and US Bank for p-card feeds; Vantage Payroll for time entry and payroll processing; the Employee Self Service portal; and the Office of State Debt Collection for unpaid invoices, court fines, and crime victim restitution.

The Division serves Utah state government agencies as its primary customer, with secondary user groups including state employees (payroll, W-2, leave, travel reimbursement), state vendors and taxpayers (payments, refunds, debt payment), and employees of Utah cities, counties, school districts, and higher education institutions (travel and p-card services). It is headquartered at the Taylorsville State Office Building (4315 S 2700 W, Salt Lake City/Taylorsville) with an in-person payment location on Floor 1 of the same complex. Leadership consists of Division Director Van Christensen, CPA and Assistant Director Ally Branch, supported by section managers across Compliance, Customer Solutions and Innovation, Financial Reporting, Payment Operations, and Training and Communication.

The Division does not generate commercial revenue. Services are funded by state appropriations and provided without fee to state employees and agencies. Its Annual Comprehensive Financial Report has received the GFOA Certificate of Achievement for Excellence in Financial Reporting for over 35 consecutive years. Distribution is mandated and direct rather than commercial: centralized help desk support (ticket submission, live chat, knowledge base, phone), an extensive library of quick reference guides, a searchable policy library, training and communication programs, and the annual ACFR publication are the primary outreach channels.

Name

Utah Navajo Trust Fund ADM

Legal name

Utah Division of Finance

Website

https://finance.utah.gov

Company type

Public

Founded year

1949

Operating status

Operating

Headcount range

1–10 employees

Short description

The Utah Division of Finance is a state government agency that operates the statewide Vantage Financial system, payroll, payments, debt collection, and travel/expense management for Utah state agencies, employees, and authorized public-sector partners.

Ownership category

akta.pro rank

Product category

Government Financial Management

NAICS

Public Finance Activities (92113), Public Finance Activities (921130), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Finance Services (6199), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro industry

PRIMARYBPAIABAC

State/Provincial Treasury, Budget & Fiscal Management

Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration

SECONDARYBPAAAGAH

Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops)

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Finance & Accounting Outsourcing (AP/AR, GL, Billing)

SECONDARYFSAMAKAJ

Government & Public Sector Disbursements (Tax Refunds, Benefits)

Financial & Insurance/Payments & Transaction Processing/Payroll & Payouts / Disbursements

SECONDARYBPAAAHAG

Garnishments, Levies & Wage Withholding Administration

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Payroll Processing & Timekeeping Administration

SECONDARYFSACALAI

Fees, Billing & Client Reporting (Statements/Reg Reporting Support)

Financial & Insurance/Capital Markets & Securities/Middle & Back Office Securities Operations

Keywords

• Government financial management
• State accounting systems
• Payroll processing services
• Debt collection services
• Financial reporting services

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Distribution channels5 records

Marketing channels5 records

Core offering

The Utah Division of Finance supports the financial operations of Utah state government by providing services for payroll, accounting, payments, disbursements, debt collection, financial reporting, and statewide financial systems. It operates Vantage Financial (formerly FINET) as the core accounting, budget control, and reporting platform, supported by the State Data Warehouse, IBM Cognos Business Intelligence reporting, SAP Concur travel and expense management, US Bank P-Cards, Vantage Payroll, and the Office of State Debt Collection. Services are provided to state agencies, state employees, vendors, taxpayers, and authorized local government entities, and are funded by state appropriations at no direct cost to users.

Product overview

The Utah Division of Finance operates a unified financial management ecosystem centered on Vantage Financial (formerly FINET), the core financial management system for Utah state government accounting, budget control, and reporting. Supporting the core system are: COGNOS Business Intelligence for reporting and analytics, the State Data Warehouse for data analysis and queries, SAP Concur for travel and expense management, P-Cards for purchasing, and Vantage Payroll for payroll processing. The division provides extensive support services including quick reference guides, help desk support, training resources, PCI compliance guidance, and year-end processing tools. The Annual Comprehensive Financial Report (ACFR) is produced annually, having received the Certificate of Achievement for Excellence in Financial Reporting for over 35 consecutive years from the Government Finance Officers Association.

Differentiator

Problem solved

Functional benefit

Products and services

• Vantage Financial The primary financial management system used by the State of Utah for accounting, budget control, and reporting. Formerly referred to as FINET. Most Utah state agencies use Vantage Financial in some capacity for their day-to-day accounting and budget operations.
• State Data Warehouse Repository of state financial information for reporting and data analysis. Primary reporting tool is IBM Cognos Business Intelligence. Information is uploaded nightly from Vantage Financial, Payroll, DHRM, and other financial systems for statewide financial visibility.
• SAP Concur Travel and Expense Management Travel and expense management system used for requesting travel, booking travel, getting reimbursed for travel expenses, and managing p-card transactions. Available to state employees and employees of Utah cities, counties, school districts, and higher education institutions. Native integration with Vantage Financial.
• P-Card (Purchasing Card) Program Purchasing cards issued to Utah state employees for authorized business purchases, issued by US Bank. Managed through Concur with daily transaction uploads for reconciliation.
• Vantage Payroll Payroll system that allows state employees to enter and track their time. The State Payroll team produces the state's payroll, maintains detailed labor distribution files, general ledger journal vouchers, leave history, Utah Retirement Systems reports, and various federal reports, while assisting with W-2s, child support, garnishments, tax levies, and dual employment.
• Office of State Debt Collection (OSDC) Collects funds owed to the state, local governments, and certain victims of crime, including unpaid invoices, court fines, and crime victim restitution. Provides online account portal, phone, mail, and in-person payment options, including injured spouse relief coordination.
• Annual Comprehensive Financial Report (ACFR) Annual financial report published each year providing detailed information about the state's finances and documenting all funds received and spent. Has earned the GFOA Certificate of Achievement for Excellence in Financial Reporting for over 35 consecutive years.
• Finance Support Help Desk Centralized help desk providing ticket submission, live chat, knowledge base, and user guides for Vantage Financial, State Data Warehouse, and other state finance systems. Supports all Utah state agencies with finance system issues via ticket submission, live chat, email, and phone.
• Travel Services (State Travel Office) Travel booking and management services for state employees through the State Travel Office (Christopherson Business Travel) and SAP Concur, including reimbursement processing and p-card management. Service fees: $24 self-booked trips with airfare/car/hotel; $36 State Travel Office bookings.
• Payment Card Industry (PCI) Compliance Services Training, information, and resources about PCI standards for state agencies that accept credit card payments. Includes a PCI Compliance Coordinator function for the State of Utah.
• Vendor Payment and Disbursement Services Vendor payment processing and support services for vendors doing business with Utah state agencies, including payment tracking, vendor information management, and disbursement support.
• Tax Refund Support Services Tax refund inquiry support and injured spouse relief coordination in partnership with the Utah Tax Commission, including intercepts, garnishments, and refund processing through the Utah Taxpayer Access Point system.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• SAP ConcurcoreTechnology or IntegrationSAP Concur is used as the state's travel and expense management system. It handles travel requests, booking, reimbursement requests, and p-card reconciliation for all state employees. Concur integrates with Vantage Financial for financial data transfer.
• IBM CognoscoreTechnology or IntegrationIBM Cognos Business Intelligence is the primary reporting tool for the State Data Warehouse, providing access to hundreds of custom Vantage Financial reports for state agency reconciliation, balancing, and forecasting.
• Christopherson Business Travel (CBTravel)coreChannel Partner/ Reseller/ DistributorChristopherson Business Travel is the contracted state travel agency providing booking services for state employees. Their services are accessed through Concur's booking tool or directly via phone/email. Service fees apply: $24 for self-booked trips with airfare/car/hotel; $36 for State Travel Office bookings with airfare or changes.
• US BankcoreTechnology or IntegrationUS Bank is the issuing bank for state purchasing cards (p-cards). P-card transactions are loaded from US Bank into Concur daily. US Bank customer service handles lost/stolen cards and declined card issues.
• Utah Tax CommissionminorOthersCollaborates with the Division of Finance on tax refund processing, intercepts, and garnishment. State tax refunds are processed through the Utah Taxpayer Access Point system and coordinated with state debt collection.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• California Department of Finance: California's central state fiscal agency responsible for budget preparation, fiscal policy, and statewide financial oversight. Directly comparable to Utah's Division of Finance in mandate (state treasury, budget, financial reporting) and customer base (state agencies).
• Florida Department of Financial Services: Florida's state agency covering treasury, state financial operations, and accounting functions for state government. Comparable to Utah Division of Finance on statewide fiscal administration, payroll, and unclaimed property/debt-related functions.
• Texas Comptroller of Public Accounts: Texas's statewide elected office managing treasury operations, state payroll, vendor payments, debt collection, and the state's Annual Comprehensive Financial Report. Closely aligned in scope with Utah Division of Finance, particularly in treasury, disbursements, and ACFR production.
• Ohio Office of Budget and Management: Ohio's executive budget agency overseeing statewide budgeting, fiscal reporting, and financial policy. Directly comparable to Utah Division of Finance in centralized fiscal management and statutory coordination of state agency financial activity.
• New York State Division of the Budget: New York's central budget and fiscal planning agency under the executive branch. Comparable to Utah's Division of Finance in statewide budget oversight, fiscal policy, and coordination of agency financial operations.
• Pennsylvania Office of the Budget: Pennsylvania's executive budget office managing statewide financial planning, revenue forecasting, and budget execution. Closely mirrors Utah Division of Finance in scope of fiscal management, ACFR oversight, and centralized agency support.

Emerging players

• Workday (Public Sector): Cloud ERP and HCM vendor with growing state and local government footprint. Comparable as a potential modern alternative to legacy state ERP systems like Vantage Financial, relevant to Utah's modernization trajectory.

Broad incumbents

• Tyler Technologies: Large government-software vendor providing ERP, payroll, and financial management systems to state and local governments. Comparable as a broader incumbent offering the underlying financial-system capabilities that Utah's Vantage Financial/Cognos stack delivers as an in-house equivalent.
• Government Finance Officers Association (GFOA): Professional association that sets governmental accounting standards and awards the Certificate of Achievement for Excellence in Financial Reporting - the same award Utah Division of Finance has received 35+ years running. Comparable as the standards-setting and recognition body for the ACFR process.
• CGI Federal: IT services vendor serving U.S. state and federal governments with financial management, ERP, and digital transformation programs. Comparable as a broader incumbent that delivers outsourced or co-managed state financial operations similar to Utah Division of Finance's mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/utah-navajo-trust-fund-adm

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Utah Navajo Trust Fund ADM