Compusearch’s PRISM-Grants Recognized as a Cost-effective Alternative to Other GMLoB Consortia Solutions

Dulles, VA, September 22, 2008 – In a presentation to the Federal Demonstration Partnership on May 14, 2008, a representative with the National Science Foundation (NSF) unveiled an update to the Grants Management Line of Business (GMLoB) landscape. The concept of an Alternative Solutions Group was introduced, representing alternatives to aligning with one of the three designated grants management service providers. Within this Alternative Solutions Group is a COTS (Commercial-Off-The-Shelf) Sub-Group. The three agencies listed in the Alternative Solutions Group, COTS Sub-Group – the Department of Energy (DOE), the United States Agency for International Development (USAID), and the Small Business Administration (SBA) – have each received OMB’s permission to use the PRISM-Grants software application from Compusearch to support the administration of their respective financial assistance programs. Compusearch’s PRISM-Grants solution has been recognized as a viable alternative to aligning with one of the three GMLoB consortium leads.

“That PRISM-Grants is recognized as a cost-effective alternative to consortia solutions is extremely gratifying,” said Reid Jackson, President, Compusearch Software Systems, Inc. “PRISM-Grants users get the benefit of using a proven COTS solution that allows them to leverage parts of the GMLoB solutions that complement their agencies efforts.”

In addition to the agencies listed in the Alternative Solutions Group, several Compusearch clients are implementing PRISM-Grants to manage their organizations’ grants business and processes while leveraging components of the GMLoB consortia solutions. In this way, National Science Foundation’s consortia solution, Research.gov, which provides a value-added grantee portal, can complement an agency’s existing investment in PRISM-Grants, allowing agencies to reap the combined benefits of COTS with the best of the consortia-based functionality.

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About PRISM-Grants
Designed from the ground up to meet the needs of the assistance community, PRISM-Grants simplifies and standardizes all aspects of discretionary grants management. PRISM-Grants is fully configurable to the nuanced requirements of an agency’s financial assistance program, enabling business rule creation, organizational hierarchy, funds tracking, workflow, approval processes, posting of funding opportunities, application review, awards, and more. Already interfaced with CCR and Grants.gov, PRISM-Grants also supports seamless integration with any financial management system.

About Compusearch
Founded in 1983, Compusearch is the leading provider of enterprise software and services that automate mandated business rules for public sector organizations with authority to spend, grant, or move funds. Compusearch PRISM software is built specifically for US federal government agencies, and is the most widely adopted federal acquisition and grants management system with more than 33,000 authorized users in more than 75 organizations across the civilian, intelligence, and defense sectors.

Compusearch is a privately held business owned by Carlyle Venture and Growth Partners.

For more information, visit www.compusearch.com.

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