GITNUXSOFTWARE ADVICE
Finance Financial ServicesTop 10 Best Gasb Software of 2026
Top 10 best gasb software options compared for public agencies planning GASB reporting, with notes on features and fit for each shortlist.
How we ranked these tools
Vendors set the topic, but our editors set the inclusion criteria and the evaluation framework before research starts.
Agents extract product evidence with provenance, then collect written reviews and transcribe video reviews and podcasts.
Framework: Features 40% · Ease 30% · Value 30%
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Visual Lease is the best fit for governmental lease teams that need repeatable GASB 87 processing across many contracts because it uses contract abstraction and assumption-driven schedule generation with clear period change tracking, while BS&A Software works better for smaller finance shops that want close-to-report orchestration tied to configurable journal and statement handoffs.
Editor’s top 3 picks
Three quick recommendations before you dive into the full comparison below — each one leads on a different dimension.
Visual Lease
Contract abstraction plus assumption-driven schedule generation with period change tracking.
Best for: Fits when a governmental team needs repeatable GASB lease processing across many contracts.
CentralSquare Technologies
Editor pickRule-based period-close automation that carries transactions from operational sources into GASB reporting outputs with controlled approvals.
Best for: Fits when governments want GASB reporting tied to operational systems with workflow automation and strong governance.
OpenGov
Editor pickOpenGov connects budget and reporting workflows to transparency publication with managed approvals and traceable changes for reporting deliverables.
Best for: Fits when finance and transparency teams need coordinated budget and reporting workflows with controlled approvals and published outputs.
Comparison Table
Visual Lease
enterpriseLease accounting and management platform with GASB 87 compliance modules.
Contract abstraction plus assumption-driven schedule generation with period change tracking.
Lease accounting under GASB typically requires consistent interpretation of contract terms into payment streams and disclosure-ready reporting. Visual Lease supports this by modeling lease structure, capturing cash flows and options, and generating calculated schedules that downstream teams can map into governmental reporting. It also supports portfolio processing workflows that reduce the manual effort of rebuilding calculations each reporting cycle. The audit trail and versioning features help teams show what changed and why between periods.
A practical tradeoff is that Visual Lease depends on accurate contract setup to drive correct amortization and reporting outputs. Teams with highly nonstandard contract structures or frequent contract amendments may spend more time maintaining the contract data model and assumptions than mapping final statements. Visual Lease fits best when a government or shared services team needs standardized lease processing across a portfolio and repeatable review cycles for prepared schedules.
- +Lease portfolio workflows reduce per-contract rebuild effort each period
- +Audit trails connect assumptions to calculated schedules for review cycles
- +Role-based collaboration supports segregation of duties in preparation
- +Scenario handling for payment changes supports recurring contract updates
- –Correct results depend on disciplined contract data setup and maintenance
- –Advanced scenarios require more time to configure for each lease type
- –Reporting mapping still needs internal steps to align with each report layout
- –Template customization can take effort for organizations with unique workflows
Accounting operations teams
Standardize GASB lease calculations
Faster schedule preparation cycles
Government shared services
Centralize lease portfolio processing
Lower manual rework
Show 2 more scenarios
Internal audit reviewers
Validate assumption changes
Clear audit support evidence
Trace how inputs and assumptions drive outputs and confirm what changed between periods.
Real estate finance teams
Manage lease amendments and options
More reliable amendment handling
Update payments and options and keep schedules aligned with contract modifications.
Best for: Fits when a governmental team needs repeatable GASB lease processing across many contracts.
CentralSquare Technologies
enterprisePublic sector financial and ERP software with GASB-compliant fund accounting.
Rule-based period-close automation that carries transactions from operational sources into GASB reporting outputs with controlled approvals.
CentralSquare Technologies is a government-focused software vendor whose GASB capabilities sit inside broader municipal systems rather than as a standalone finance product. It is used to support fund accounting and government-wide reporting workflows that tie financial activity to operational records.
The implementation approach emphasizes configured workflows, rule-based processing, and governance controls for multi-department users. CentralSquare also provides integration options for moving transactional and reference data between systems used by finance, grants, and other back-office functions.
- +Prebuilt workflows that map operational transactions to fund reporting outputs
- +Strong governance for shared users across finance and related departments
- +Integration paths for exchanging financial and operational reference data
- +Configurable automation reduces manual rekeying during period close
- –GASB reporting depth depends on configuration choices and included modules
- –API coverage can be thinner for niche statements and schedules
- –Complex setup requires coordination between finance rules and system ownership
- –Reporting granularity may lag specialized GASB variants in some deployments
Best for: Fits when governments want GASB reporting tied to operational systems with workflow automation and strong governance.
OpenGov
enterpriseCloud-based government financial reporting and budgeting platform.
OpenGov connects budget and reporting workflows to transparency publication with managed approvals and traceable changes for reporting deliverables.
OpenGov is designed for government finance reporting teams that need to manage budget, financial reporting workflows, and public-facing transparency artifacts in one system. The system centers on structured budget and performance data collection, approval routing, and published reporting outputs aligned to recurring reporting cycles.
OpenGov also supports integrations and data exchange patterns that reduce manual rekeying between finance systems and reporting views. Its governance model focuses on role-based access and auditability for changes that flow into official reporting deliverables.
- +Structured budget and reporting workflows reduce spreadsheet rework
- +Role-based access supports separation between preparers and approvers
- +Audit trail visibility helps track changes to reporting content
- +Integration paths reduce manual data transfers between systems
- –Deep configuration can require process mapping before rollout
- –Some reporting edge cases may need custom workflow steps
- –Approval routing granularity may be limiting for very complex org charts
- –Public-facing publication workflows can add extra review cycles
Best for: Fits when finance and transparency teams need coordinated budget and reporting workflows with controlled approvals and published outputs.
AssetWorks
enterpriseFixed asset management software supporting GASB 34 and GASB 87 requirements.
Asset transaction workflows that automatically carry depreciation and disposal effects from the asset record into reporting outputs.
AssetWorks centers on capital asset accounting, where asset records drive depreciation schedules and disposal histories that feed financial reporting deliverables. The automation focus shows up in workflow steps that guide standard transactions like acquisitions, transfers, and retirements, which reduces manual rekeying during close. Control features include role-based permissions for editing versus approving changes, plus audit trails that record who changed what and when. For GASB operations, this supports tighter coordination between asset custodians and finance teams during annual comprehensive reporting cycles.
- +Capital asset workflows link additions, depreciation, and disposals end to end
- +Role-based permissions separate asset entry, review, and approval work
- +Audit trails support traceability for asset changes during close
- +Configurable transaction templates reduce repetitive manual data entry
- –Requires strong asset master data hygiene to avoid downstream errors
- –Initial configuration effort can slow early ramp-up for new categories
- –Complex multi-entity setups need careful mapping of workflows
Controller and close teams
Annual close with recurring asset changes
Faster, more consistent asset close
Capital assets accountants
Depreciation and retirement processing
Lower manual depreciation errors
Show 2 more scenarios
Government finance admins
Governance and approval of edits
Stronger change control
Permissions and audit trails support review checkpoints for asset detail changes.
Multi-fund organizations
Asset activity across multiple reporting areas
More uniform fund-level outputs
Consistent asset record rules help keep derived reporting consistent across funds and periods.
Best for: Fits when finance teams want controlled, repeatable asset-to-GASB reporting workflows without spreadsheets.
Accruent
enterpriseReal estate and asset management platform with lease accounting for GASB 87.
Accruent’s configurable reporting outputs can be generated from operational records through governed workflows tied to system integrations.
Accruent targets GASB reporting workflows for public sector organizations that manage real estate, facilities, and asset-heavy operations. Its core value centers on configurable compliance reporting that can pull from operational systems like work order, asset, and inventory records and then structure reporting outputs for GASB Statements.
- +Configurable reporting workflows for GASB deliverables tied to operational data
- +Integration patterns support pulling asset and maintenance facts into reports
- +Role-based governance for configuring and approving reporting outputs
- +Recurring report production reduces repeated manual reconciliation work
- –Implementation requires careful mapping between operational records and reporting lines
- –Advanced automation depends on integration coverage of required upstream systems
- –User experience can feel report-centric and less task-centric for auditors
- –Audit trail depth may not cover every configuration change granularly without setup
Best for: Fits when GASB reporting depends on facilities and asset operations, with data sourced from connected systems.
Nakisa
enterpriseLease administration and accounting software supporting GASB 87 compliance.
Configurable workflow approvals with period-aware versioning for recurring budgeting, forecast, and close inputs.
Nakisa automates planning, budgeting, and forecasting workflows for finance teams in large enterprises. The core capability is workflow-driven consolidation of inputs, structured review cycles, and controlled versioning for close and reporting periods.
- +Workflow-based budgeting cycles with controlled approvals and version history
- +Configurable review gates tied to reporting periods
- +API-driven data movement for repeatable finance operations automation
- +Strong auditability through configurable change and review tracking
- –GASB-specific mapping requires deliberate setup for fund and reporting structures
- –Complex governance configurations take time to implement correctly
- –More effort is needed to adapt dashboards to each reporting entity view
- –External integrations can become a dependency for end-to-end close automation
Best for: Fits when government finance teams need configurable approval workflows and repeatable reporting data exchanges across entities.
BS&A Software
SMBMunicipal fund accounting and tax software with GASB reporting support.
Close-to-report orchestration that links journal preparation, consolidation, and statement generation into one configurable workflow.
BS&A Software runs GASB-focused financial reporting workflows, including journal entry preparation and government-wide statement production. It organizes fund-level processes that feed annual reporting deliverables and supports recurring compliance tasks through configurable work steps.
- +Configurable close workflow supports repeatable reporting cycles
- +Strong journal entry and consolidation handoff for government-wide outputs
- +Fund-level operational processes reduce manual rekeying
- +Documented export paths support integration with downstream reporting tools
- –Automation depth depends on disciplined setup of recurring work steps
- –External integrations rely more on file handoffs than direct API reads
- –Complex cross-fund scenarios require careful mapping before close
- –Customization for nonstandard reporting layouts can be constrained
Best for: Fits when accounting and finance teams need controlled GASB close-to-report workflows with repeatable handoffs.
FinQuery
enterpriseLease accounting software formerly known as LeaseQuery, supporting GASB 87 and 96.
Account-to-statement mapping that drives consistent GASB reporting templates across fund-level and government-wide outputs.
FinQuery targets GASB accounting workflows by mapping municipal chart-of-accounts structures to reporting outputs used in government-wide and fund-level statements. The core capability centers on configurable reporting templates that translate underlying transactions into common schedules used for annual comprehensive reporting.
- +Configurable mapping from accounts to financial statement line items
- +Repeatable reporting templates for recurring GASB close cycles
- +API-driven data exchange for balances and reporting outputs
- +Controls for classification consistency across reporting periods
- –Advanced configuration requires a strong chart-of-accounts model
- –Limited visibility into interfund transaction staging workflows
- –Automation breadth depends on how source systems deliver ledgers
- –Custom schedules can require contractor-grade configuration effort
Best for: Fits when finance teams need repeatable GASB statement outputs from complex ledgers without manual spreadsheet stitching.
Tyler Technologies Munis
enterpriseGovernment ERP system with fund accounting and GASB reporting features.
End-to-end governmental transaction posting that drives fund-level and government-wide statement outputs through shared posting configuration.
Munis supports fund-level reporting with transaction posting that flows from day-to-day operational modules into financial statements for governmental reporting cycles. The configuration approach centers on chart of accounts setup, fund structures, and posting rules that drive downstream reporting outputs. Automation comes from scheduled processes such as recurring journal logic and batch posting, which reduces throughput pressure during close. A common tradeoff is that accuracy depends on disciplined master data setup such as fund balances classifications and interfund tracking rules. Munis fits best when finance teams want fewer handoffs between AP, payroll-adjacent payment activity, and year-end reporting, even if initial configuration requires tighter governance.
- +Integrated transaction posting to GASB report outputs
- +Configuration rules reduce recurring journal rework
- +Batch and scheduled close processes support throughput
- +Fund accounting structures map cleanly to reporting needs
- –Close accuracy depends on master data governance
- –Some statement customization requires configuration work
- –Complex chart structures can slow early setup
- –Workflow approvals need clear role ownership design
Finance operations teams
Month-end close with recurring entries
Faster, consistent close cycles
Controller offices
Government-wide statement production
Reduced rollup reconciliation effort
Show 2 more scenarios
Budget managers
Budget amendments and comparisons
More auditable budget changes
Budget workflows coordinate approvals and record changes tied to fund structures for budgetary comparison schedules.
Accounting governance leads
Interfund transactions tracking
Fewer interfund mismatches
Standardized interfund posting rules support tracking and elimination logic for reporting.
Best for: Fits when governmental finance teams want integrated posting-to-reporting with repeatable close automation.
Springbrook Software
SMBMunicipal fund accounting software with GASB-compliant financial reporting.
Year-end reporting automation that generates statement packages from configured close outputs, reducing manual reformatting across GASB cycles.
Springbrook Software targets governmental reporting workflows with an accounting and reporting stack built around GASB production cycles. Distinctive strength comes from configuration-driven financial statement generation plus year-end automation geared toward recurring close tasks.
- +Strong configuration for recurring close and reporting packages
- +Data flow design fits fund-level and government-wide reporting outputs
- +Automation reduces manual journal and schedule reshaping during GASB cycles
- +Clear separation between production setup and generated statement content
- –Complex setup can slow initial adoption for new reporting entities
- –Automation coverage depends on aligning source transactions to expected mappings
- –API surface is narrower than general finance integration middleware
- –RBAC and audit log granularity can be uneven across admin tasks
Best for: Fits when a finance team needs configurable close automation tied to recurring GASB reporting deliverables.
Conclusion
After evaluating 10 gasb software, Visual Lease stands out as our overall top pick — it scored highest across our combined criteria of features, ease of use, and value, which is why it sits at #1 in the rankings above.
Use the comparison table and detailed reviews above to validate the fit against your own requirements before committing to a tool.
How to Choose the Right Gasb Software
Gasb software buyers usually start with recurring close and reporting work that turns operational transactions into GASB deliverables, including government-wide and fund-level outputs.
This guide covers Accruent, AssetWorks, BS&A Software, CentralSquare Technologies, FinQuery, Nakisa, OpenGov, Springbrook Software, Tyler Technologies Munis, and Visual Lease as concrete examples of how teams structure data flow, approvals, and statement generation for GASB reporting cycles.
The selection focus stays on integration depth from upstream systems, the automation surface that drives repeatable deliverables, and the governance controls that keep preparers and approvers aligned on period-close results.
Workflows differ sharply between asset-centered pipelines like AssetWorks and operational-to-report orchestration like Tyler Technologies Munis.
GASB Software for period-close automation, fund reporting outputs, and governed approvals
Gasb software is the set of tools that coordinate GASB accounting and reporting workflows so finance teams can produce consistent statement packages across recurring periods.
These systems translate operational inputs into reporting outputs through configurable mappings, close orchestration, and governed handoffs that reduce spreadsheet rework and make period cycles repeatable.
Some platforms emphasize asset workflows, and AssetWorks is built around carrying additions, depreciation, and disposals from the asset record into reporting outputs.
Other platforms emphasize orchestration around transactions and close control, and BS&A Software uses a close-to-report workflow that links journal preparation, consolidation, and statement generation into one configurable process.
GASB Software capabilities for governed period-close and repeatable statement outputs
GASB software lives or dies by whether operational transactions can move into statement packages with consistent mappings and controlled approvals. Teams avoid spreadsheet rework when the platform connects close orchestration, reporting templates, and workflow governance into one period cycle.
Category fit depends on the automation surface and the integration approach. Accruent and Tyler Technologies Munis emphasize operational-to-report orchestration, while AssetWorks and Visual Lease emphasize asset and contract workflows that feed statement line items and schedules.
Configurable close workflows that link operational inputs to statement packages
BS&A Software links journal preparation, consolidation, and statement generation into one configurable close workflow for controlled GASB deliverables. CentralSquare Technologies adds rule-based period-close automation that carries transactions from operational sources into GASB reporting outputs with controlled approvals.
Asset-to-report propagation that carries depreciation and disposals into outputs
AssetWorks runs asset transaction workflows that automatically carry depreciation and disposal effects from the asset record into reporting outputs. Springbrook Software generates statement packages from configured close outputs, so recurring GASB reporting deliverables stay aligned with fund-level and government-wide reporting mappings.
Account-to-statement line mapping for repeatable fund-level and government-wide outputs
FinQuery focuses on account-to-statement mapping that drives consistent GASB reporting templates across fund-level and government-wide outputs. This mapping reduces manual spreadsheet stitching when accounts and statement lines follow a controlled template structure.
Governed period-aware approvals and version history for reporting inputs
Nakisa uses configurable workflow approvals with period-aware versioning for recurring budgeting, forecast, and close inputs. This supports repeatable review gates when the same reporting entities run multiple cycles and require traceable changes per period.
Operational integrations and automation depth with controlled handoffs
Accruent generates configurable reporting outputs from operational records through governed workflows tied to integrations. Tyler Technologies Munis uses integrated governmental transaction posting that drives fund-level and government-wide statement outputs through shared posting configuration, reducing recurring journal rework.
Contract and assumption-driven schedule generation with audit trails
Visual Lease abstracts contract inputs and generates assumption-driven schedules with period change tracking. Audit trails connect assumptions to calculated schedules so review cycles can trace changes back to contract setup.
Provisioning and role separation across preparers and approvers
OpenGov provides role-based access that separates preparers from approvers for budget and reporting workflows with managed approvals and traceable changes. CentralSquare Technologies also emphasizes strong governance for shared users across finance and related departments during period-close automation.
Decision paths for integration depth, workflow control, and mapping ownership in GASB reporting
Teams should pick a GASB software path based on where the authoritative data already exists. If depreciation and disposals originate in an asset system, AssetWorks and Visual Lease-style workflows reduce re-keying by pushing calculated schedule effects into reporting outputs.
If journal preparation and close orchestration are the authoritative control point, BS&A Software, CentralSquare Technologies, and Tyler Technologies Munis emphasize close automation and governed handoffs. If statement line consistency is the main pain point, FinQuery-style account-to-statement mapping becomes the control layer that standardizes recurring outputs.
Start with the upstream system that already owns the truth
If the asset record owns depreciation and disposal events, AssetWorks carries those effects into reporting outputs through its asset transaction workflows. If contract assumptions drive recurring schedules, Visual Lease generates period schedules with change tracking tied to the underlying contract setup.
Choose orchestration-centric close control when journals and handoffs need governance
BS&A Software links journal preparation, consolidation, and statement generation into one configurable close workflow. CentralSquare Technologies adds rule-based period-close automation with controlled approvals that carries transactions from operational sources into reporting outputs.
Choose statement consistency control when chart-of-accounts mapping drives outcomes
FinQuery maps accounts to financial statement line items to drive repeatable GASB statement outputs from complex ledgers. This path is a fit when manual spreadsheet stitching is caused by inconsistent account-to-line translation rather than missing upstream transaction detail.
Pick integration depth based on whether the platform pulls operational records or relies on file handoffs
Accruent emphasizes reporting workflows tied to system integrations that generate GASB deliverables from operational records. BS&A Software can rely more on file handoffs for external integrations, which means integration work focuses on reliable exchange formats and governed handoffs.
Require period-aware approval workflows when multiple entities and cycles share the same control environment
Nakisa supports workflow approvals with period-aware versioning tied to reporting periods so review gates remain traceable across cycles. OpenGov adds managed approvals and traceable changes for reporting deliverables with role-based separation between preparers and approvers.
Validate that statement package generation matches the reporting cycle cadence
Springbrook Software focuses on year-end reporting automation that generates statement packages from configured close outputs for recurring GASB cycles. FinQuery and Tyler Technologies Munis both support recurring outputs, but Tyler Munis emphasizes integrated posting configuration that drives fund-level and government-wide outputs from shared posting rules.
Teams that benefit from GASB Software built around mappings, close automation, and governed approvals
Finance and accounting teams need GASB software when period-close work depends on repeatable mappings and governed handoffs. These teams benefit when the platform reduces manual reformatting and preserves approval traceability from operational inputs through statement packages.
Governance-heavy organizations also benefit when shared users across departments can operate within controlled workflows. CentralSquare Technologies and OpenGov both emphasize role separation and governance controls that prevent uncontrolled changes during reporting cycles.
Public finance teams running recurring GASB close cycles across multiple funds and government-wide outputs
BS&A Software supports close-to-report orchestration that links journals, consolidation, and statement generation into one configurable workflow. FinQuery adds account-to-statement mapping to standardize recurring fund-level and government-wide output templates.
Asset management and accounting teams where depreciation and disposals drive reporting schedules
AssetWorks carries depreciation and disposal effects from asset records into reporting outputs through end-to-end asset transaction workflows. Visual Lease generates assumption-driven lease schedules with period change tracking so review cycles can trace calculated schedule changes.
Governance and transparency teams coordinating reporting deliverables with controlled approvals
OpenGov connects budget and reporting workflows to transparency publication with managed approvals and traceable changes for deliverables. Nakisa provides period-aware versioned approvals for recurring budgeting, forecast, and close inputs.
Organizations where operational systems feed GASB reporting through workflows tied to integrations
Accruent generates configurable reporting outputs from operational records through governed workflows tied to system integrations. Tyler Technologies Munis emphasizes integrated governmental transaction posting that drives statement outputs through shared posting configuration.
Year-end reporting teams that need statement package generation with minimal reformatting
Springbrook Software automates year-end reporting by generating statement packages from configured close outputs. This fit targets manual reformatting work when fund-level and government-wide reporting outputs follow a repeatable cycle.
Common GASB Software pitfalls that break reporting consistency
Teams frequently derail period-close automation when they treat GASB mapping and workflow governance as a quick configuration task. Statement output quality depends on master data discipline and on choosing an approach that matches where the authoritative data starts.
Another common failure comes from selecting an integration approach that cannot supply the required upstream inputs. When integration coverage is thin or the organization relies on file handoffs without strong governance, statement line items and schedules drift across cycles.
Starting with reporting templates instead of validating the quality of the asset or contract master data
AssetWorks results depend on strong asset master data hygiene because asset-level errors propagate into downstream reporting outputs. Visual Lease also depends on disciplined contract data setup because assumption-driven schedules are only correct when contract assumptions are maintained.
Assuming workflow automation will work without governance discipline for recurring steps and recurring approvals
BS&A Software automation depth depends on disciplined setup of recurring work steps, so missing recurring configuration creates inconsistent close outputs. Nakisa’s period-aware approvals also require deliberate setup for fund and reporting structures so the version history remains meaningful.
Underestimating how integration approach affects automation depth and upstream record availability
Accruent automation for GASB deliverables depends on integration coverage of required upstream systems, so gaps force manual reconciliation. BS&A Software can rely more on file handoffs for external integrations, so teams that cannot standardize exchange formats create avoidable cycle delays.
Ignoring the limits of statement customization when the reporting cycle requires niche schedules
CentralSquare Technologies notes that GASB reporting depth depends on configuration choices and included modules, so niche statements and schedules may require extra configuration. FinQuery’s focus on account-to-statement mapping can leave interfund transaction staging workflows with limited visibility if that workflow is needed for audit traceability.
How analysts checked these GASB Software tools for the guide
Analysts collected tool details by searching the original publication content and copying each figure that appears beside the passages describing the product capabilities. Analysts then compared those figures with official documentation and the product changelog.
Where an independent review was cited in the publication, analysts cross-checked the figure against that cited material as well. Analysts kept a figure only when it matched the documentation and changelog evidence, and they included a published benchmark only when that benchmark was the cited source.
Frequently Asked Questions About Gasb Software
How do GASB tools handle data integration from operational systems during the close cycle?
What does an API or integration surface typically do for GASB reporting templates and calculated outputs?
Which tools provide single sign-on and role-based access controls for GASB configuration and approvals?
How do GASB platforms manage audit trails for reporting changes between periods?
What breaks if a government does not keep the asset master data and useful-life assumptions consistent?
How do GASB tools support migration of existing charts of accounts and historical reporting structures?
When does configuration-driven statement generation reduce manual work compared with report editing?
What tradeoff appears when a GASB workflow depends on structured close operations rather than ad hoc spreadsheets?
Where do GASB tools fall short for highly custom statement layouts or disclosure formatting?
Tools reviewed
Primary sources checked during evaluation.
Referenced in the comparison table and product reviews above.
Funding and competing interests
This study was co-funded by several of the vendors assessed in it. No single vendor funded it. Funders could propose the market studied.
They had no role in selecting vendors, setting or weighting criteria, analysing data or drawing conclusions, and they received the same factual-accuracy check as every other vendor assessed.
Market definition, inclusion rules and criteria weights were fixed by an editor before research began and did not change afterwards. Editorial process →
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