Ensure Compliance and Reduce Risk
Now you can dramatically reduce the risk of hefty financial penalties due to noncompliance of grant requirements with the Datawatch Effort Reporting and Management System (ERAMS). This business intelligence solution reconciles data between systems and integrates seamlessly with existing systems to reduce your risk.
Verifies Adherence to Regulatory Guidelines
Datawatch ERAMS integrates seamlessly with your existing systems to reduce your risk and increase your ability to reconcile data. This web-enabled compliance solution for educational and medical institutions that receive federal grant funding, is designed to adhere to guidelines set by the Office of Management and Budget (OMB) Circular A-21 and A-110.
Reconciles Data Between Systems
Unlike alternative effort reporting solutions, Datawatch ERAMS integrates information from existing payroll, human resources and grant accounting systems, including reconciling data between these systems. But that’s not all. This powerful archiving solution also enables electronic storage of supporting documents.
Supports Main Processes
Datawatch ERAMS also:
- Provides a complete system for complying with effort reporting commitments for any type of grant
- Supports three main processes: planning, certifying (including interim reporting) and audit compliance
Integrates with Existing Systems
Datawatch ERAMS integrates seamlessly with existing payroll and grant accounting systems to help you:
- Avoid the needless costs of modifying or replacing these systems
- Reconcile data in your grant accounting system with data in your payroll system
- Resolve deficiencies in existing systems and enable the development of a reconciliation component that features a database and supporting data entry forms
