Minding The Gap: Filling Organizational & Process Gaps That Create Inefficiency and Compliance Risk
Financial reporting is only part of the grant governance picture. Grant governance requires organizations to fill process gaps that often exist between Finance, Program and Compliance stakeholders.
The President's Management Agenda
Cap Goal 8 of the President’s Management Agenda contains important considerations for grant makers and recipients that will have operational implications for the entire grant making community going forward. Through the application of risk-based and data-driven frameworks the entire community can strive to achieve balance and success.
Learn more today!
Risk Assessment: A 3P Risk-Based Management Approach.
The Office of Management and Budget (OMB) undertook the task of revising and updating the Uniform Guidance governing the management of grants that include federal taxpayer dollars. 2 CFR 200 is very clear that pass through entities must manage risk for their subrecipients. Pre-award and ongoing risk assessment helps ensure that taxpayer dollars are used to the greatest benefit by organizations that can meet their fiduciary responsibilities for managing the grant monies and providing the best outcomes.
Learn more about best practices for managing risk, protecting taxpayer dollars, ensuring high-value outcomes and maximizing staff efficiency in our white paper Risk Assessment: A 3P Risk-Based Management Approach.
Other White Papers...
Managing FEMA Award Subrecipients: Helping Pass Through Entities Avoid Audit Findings
A 2016 report issued by the Office of Inspector General for the Department of Homeland Security states that in FY 2016, 29 of 46 grant audit reports contained recommendations addressing the lack of adequate oversight. The report makes mention that states are not doing an adequate job of enforcing Federal regulations through effective and vigilant monitoring. Based on these findings, we believe that pass through entities receiving FEMA related grants will receive greater scrutiny over the next few years. Take a look to see how we address how technology solutions can help Pass Through Entities address findings in this recently published OIG DHS report.
Achieve Real World Success in Post-Award and Monitoring Phases: Achieving Compliance and Improving Programmatic Outcomes
With an increase in audit findings, compliance management has risen to the forefront of grants management. Once an award has been given, your work is just beginning. What’s in your monitoring plan to ensure compliance, and meet the programmatic objectives of the award? Have you committed to a baseline measurement of program success? Learn what we discovered in navigating the path to Achieve Real World Success in Post-Award and Monitoring Phases: Achieving Compliance and Improving Programmatic Outcomes.
Achieve Real World Success with Software Adoption: How The cloud, Software as a Service, and Pay-as-You-Go Pricing Models Make It Easier!
With rising needs for transparency, the adoption software platforms continue to be a top priority for many in the grants community. However, what’s available and how do you choose? A range of software solutions exist, but what’s right for you may not be right for others. The confluence of changes including cloud computing, Software as a Service (SaaS), user acceptance of “apps”, and pay-as-you-go payment models have become a real turning point. Take a look at the key ideas that are driving software solutions.
Supporting Grant Compliance with Technology...People who choose to make a difference don't do it because they love spreadsheets, email and paperwork. Wouldn't it be great to focus on what's important to you and your mission, and make your administrative tasks fit into the way you work? Purpose-built applications are built to support the financial and programmatic risk assessments, as well as sub-recipient/award management. Automate your reminder and your review and approval workflow processes, while facilitating communication and collaboration between Pass Through Entities and sub-recipients sounds like an ideal environment. By putting technology together with great minds has created a cloud-based solution with a unique per-award pricing model designed specifically for the unique accounting needs and financial requirements of the grants world. Learn more how you can put technology to work for you today.
Download your copy of Supporting Grant Compliance with Technology now!
News You Can Use...
DHS OIG: Grantees need to improve subgrantee monitoring.
G2P makes it easier!
Click below to see the Summary and Key Findings of Fiscal Year 2016 FEMA Disaster Grant and Program Audits.
HUD OIG: "Grantees...should ensure that its staff always obtained and reviewed adequate documentation to verify contractor invoices before disbursing funds to its subrecipient, ...."
Click below to see the 2017 City of New York, NY: Community Development Block Grant Disaster Recovery-Funded Public Housing Rehabilitation and Resilience Program
Did you see us here?
April 24, 2019 - B. John Masters to Speak at
NGMA nVision 2019
Crystal City, Virginia
July 12, 2018 - B. John Masters to Speak at GPA South Florida 2018 Regional Conference
Join the Grant Professionals Association along with Alyx Technologies' Grant Governance Platform's B. John Masters as he discusses Embedding Records Management in Process and Technology, or How to Avoid Prison.
This program is designed to make grant professional aware of the importance of following good records management practices, and the risks involved in not having nor following a sound records management policy.
As with any other business transaction, grants create business records of various types which must be properly maintained for the legally required time. This means having a proper records disposition schedule, and demonstrating compliance with good RM practices. In the case of situations involving even potential litigation there is a duty to preserve. organizations need a litigation hold process in place, and be able to demonstrate that you consistently follow all policies and procedures.
By the end of this session, participants will learn:
1. The components of a defensible records management program.
2. How to apply a records management program in real life, and how technology can be used to support best practices.
3. How to react to potential litigation and discovery orders from a records management perspective.
Grants professionals are constrained by the realities of time and limited resources. It is not possible to monitor every project. By adopting a risk-based approach, PTEs can allocate resources for the greatest impact. One way to evaluate the risk of a specific award is 3P Risk-based management. It’s a way to consolidate 3 primary areas of risk into a consolidated view of risk for a specific award: Project/Program Risk, Past Performance, Policy/Management Systems.
For more information, please contact us.