Improving Grants, Loans, and Foreign Payments
Do you have grant, loan, and foreign programs and you need someone to help with the processing of the obligations and payments? We can help you with your transaction processing.
Work with a CFM grants, loans, and foreign payment services expert for timely, accurate processing and stronger data analytics. With CFM providing your transaction processing, your agency can focus on completing tasks, monitoring results, and improving your compliance.
CFM Grant Services
- Create and maintain customer records.
- Examine grant agreements, accruals, and payment requests for completeness.
- Process and reconcile files from customer grant systems in Oracle®.
- Perform independent reviews and approvals of supplier invoices equal to or greater than $2,500.
- Record payment requests and manual obligations.
- Record grant receivable amounts due from external customers or other non-employee sources.
- Process grant receivable adjustments or write-offs.
- Receive and record grant payments and collections.
CFM Loan Services
- Examine loan agreements and payment requests for completeness.
- Receive and record subsidy and loan obligations.
- Process loan disbursements and/or claim payments.
- Perform independent reviews and approvals of loan disbursements equal to or greater than $2,500.
- Create and maintain customer loan records.
- Process/reconcile files from customer loan systems.
- Record loan receivable amounts due from external customer or other non-employee sources.
- Receive and record various loan transactions.
CFM Miscellaneous, Foreign, Personal Service Contractors (PSC) Payment Services
- Receive foreign payment and/or PSC requests, examine for completeness and process in Oracle®.
- Provide the Invoice Official with proper invoices for review and approval.
- Perform independent review and approval of domestic invoices equal to or greater than $2,500.
- Perform independent review and approval of all foreign invoices.
- Record payment requests and manual obligations in Oracle.
Our key performance metrics hold us accountable to our customers. We're committed to transparency and consistently meet or exceed our Key Performance Standards, listed below.
Key Performance Standards
| Metric | Measurement | Standard / Target |
|---|---|---|
| Grants | Percentage of proper payments, excluding customer errors | 99.7% |
| Loans | Percentage of proper payments, excluding customer errors | 99.7% |
| Miscellaneous, Foreign, PSC | Percentage of proper payments, excluding customer errors | 99.7% |
Ready to Get Started?
Request a consultation for Financial Management services.
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