Assistance for Government Agencies Managing Grant Funding Documents
How can online document and compliance management benefit government agencies like Affordable Housing Departments?
Affordable Housing Departments are charged with the difficult task of operating and overseeing housing programs and initiatives through state and federal funding and regulating that process from start to finish. Programs can include public housing projects, first-time home buyer credits, single-family housing assistance, refinancing and housing rehabilitation.
To comply with the funding they receive, Affordable Housing Departments (AHDs) must:
- Closely manage the application process for providing grant funds.
- Approve and administer funding for those that qualify.
- Maintain accurate records for compliance with regulatory agency guidelines.
- Keep updated accounting records for all contractors and vendors.
- Report progress and program success.
What does all of that mean? It means hundreds of thousands of files, applications and reports to manage.
Online document and compliance management makes this process easier. With DocuVantage OnDemand®, AHD's can automate and regulate their workflow process, manage document retrieval and track records for regulatory compliance. And all it takes to get started in four hours is a low monthly subscription fee and internet access.
Some of the specific capabilities of DocuVantage OnDemand® include, but are not limited to:
Rules-based workflow automation for a customized approval process.
Using online document management software can increase the efficiency and effectiveness of Affordable Housing Departments saving both time and money.
For more information on how your Affordable Housing Department can use DocuVantage OnDemand® visit http://www.docuvantage.com/c/casestudies/affordable-housing.php