Tuesday, December 11, 2007

OFM, in collaboration with the Departments of Ecology (ECY) and Community, Trade, and Economic Development (CTED) is procuring a commercially available solution for managing grants, contracts, and loans that can be implemented with minimal customization. After the initial implementation at ECY and CTED, the system will be scaled to serve as an enterprise system for Washington State agencies. The system will automate end-to-end grant, contract, and loan management business processes and provide a clear view across the entire state of where money was distributed and what was achieved.

Implementation of the GCLM system and related business process improvements is expected to provide the following business value:
  • Better information for better decisions and better results
  • Faster, better business processes
  • Reduced risks
  • Improved customer service
  • Reduced costs