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Automating Stimulus Fund Reporting: How New Technologies Simplify Federal Reporting
Properly tracking and reporting stimulus fund spending are Herculean tasks for CIOs. For many government agencies and organizations that are spending U.S. American Recovery and Reinvestment Act (ARRA) funds, the accountability demands of the federal government mean scrambling to collect and analyze floods of data.
Faced with tight deadlines, organizations must consolidate spending information from many different sources and link spending to job creation. However, compiling, formatting, analyzing, and reporting data from disparate systems often require months of work – and come with significant costs. How can CIOs cost-effectively analyze ARRA spending and its impact on job creation? Is there an automated way to meet evolving federal mandates?
Fortunately, new technology is now available to overcome these complex reporting obstacles. Now organizations can comply with federal reporting requirements in just days - without excessive labor costs and data management headaches. This paper explores the reporting challenges faced by organizations and examines the many benefits of automated ARRA reporting systems.