Microsoft, BNY Mellon to help states track stimulus spending

Agencies can use hosted or on-site software to track and manage projects via graphical dashboards, maps and analytics

Microsoft and Bank of New York Mellon announced earlier this month that they are working together to help state and local governments meet reporting requirements related to economic stimulus funding.

The agreement brings together BNY Mellon Corporate Trust’s project fund administration capabilities and Microsoft’s Stimulus360 planning, tracking and reporting software to address the transparency and accountability requirements of the American Recovery and Reinvestment Act.

Rapidly evolving tracking and reporting requirements are putting increasing pressure on state and local governments to find solutions that make the economic impact of the act visible to the federal government and citizens, company officials said.

BNY Mellon Corporate Trust has a long history of providing public-sector clients with specialized project fund management and investment solutions critical to the development of state and local infrastructure, officials said.

“By making it easier for state and local governments to actively engage in both the capital management and project administration tracking of this new source of funding, we will make the transparency requirements of ARRA more manageable for public entities,” said Troy Kilpatrick, managing director and head of the Corporate and Municipal Finance Group at BNY Mellon Corporate Trust.

BNY Mellon offers a variety of public finance solutions that could help state treasury departments manage their assets, said Carolyn Brubaker, director of strategic policy and programs at Microsoft Federal.

A seamless solution should be available shortly, Brubaker said, adding that nearly 20 state and local entities are using Stimulus360, including Arizona, Iowa, North Carolina and San Francisco.

Stimulus360, which is based on the company’s SharePoint collaboration software, provides transparency and data visualization capabilities. Agencies can use the software to track and manage projects via graphical dashboards, maps and analytics. The software is available as a hosted or on-site offering.

In addition, the software automatically captures all actions and events as workflow history to foster better-informed decisions by officials and establish greater accountability at every point in a program’s life cycle, Microsoft officials said.

About the Author

Rutrell Yasin is is a freelance technology writer for GCN.

FCW in Print

In the latest issue: Looking back on three decades of big stories in federal IT.


  • Anne Rung -- Commerce Department Photo

    Exit interview with Anne Rung

    The government's departing top acquisition official said she leaves behind a solid foundation on which to build more effective and efficient federal IT.

  • Charles Phalen

    Administration appoints first head of NBIB

    The National Background Investigations Bureau announced the appointment of its first director as the agency prepares to take over processing government background checks.

  • Sen. James Lankford (R-Okla.)

    Senator: Rigid hiring process pushes millennials from federal work

    Sen. James Lankford (R-Okla.) said agencies are missing out on younger workers because of the government's rigidity, particularly its protracted hiring process.

  • FCW @ 30 GPS

    FCW @ 30

    Since 1987, FCW has covered it all -- the major contracts, the disruptive technologies, the picayune scandals and the many, many people who make federal IT function. Here's a look back at six of the most significant stories.

  • Shutterstock image.

    A 'minibus' appropriations package could be in the cards

    A short-term funding bill is expected by Sept. 30 to keep the federal government operating through early December, but after that the options get more complicated.

  • Defense Secretary Ash Carter speaks at the TechCrunch Disrupt conference in San Francisco

    DOD launches new tech hub in Austin

    The DOD is opening a new Defense Innovation Unit Experimental office in Austin, Texas, while Congress debates legislation that could defund DIUx.

Reader comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group