Grants programs get Web-based help
- By Dan Caterinicchia, Dan Caterinicchia
- Nov 02, 2000
FreeBalance Inc. has unveiled a Web-based application called eGrants that
can handle the management of government grants and contributions programs.
An Ottawa, Ontario-based developer of e-government products and administrative
systems, FreeBalance unveiled eGrants on Thursday. Its first deployment
will be at the Canadian Economic Development Agency.
The company will introduce eGrants in the United States on Dec. 12 in
Washington, D.C., said Gordon Graham, the company's vice president of marketing.
FreeBalance customers include the departments of Defense and Transportation
and the Coast Guard, which use the company's financial management tool.
Those agencies, as well as the others that constitute the $300 billion grant
and contribution market in the United States, are potential customers, Graham
FreeBalance's eGrants solution features:
* A Web-based front end to enable users to fill in applications online.
* A workflow component that eliminates paper by automating the assessment
and award process.
* An interface to an organization's financial system to record budget
commitments, allocate funds and schedule milestone payments.
* A post-award analysis and monitoring tool that enables program managers
to ensure that the programs receiving the grants are meeting their goals.
The cost of eGrants is determined on a project-by-project basis, but
it could range from $100,000 to $500,000, Graham said.