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What is PowerFAIDS?

PowerFAIDS is an intuitive software solution that simplifies the entire financial aid process for users. As the demand for financial assistance grows, this system adeptly navigates all complexities involved. It is crafted to be both cost-effective and remarkably efficient. PowerFAIDS guarantees adherence to regulations and generates federal reports that comply with up-to-date guidelines. The software integrates smoothly with existing campus information systems, federal platforms, and vital industry reports. With its built-in checks and balances, it significantly reduces the potential for human error. Customization capabilities enable users to modify the software to meet their particular needs. Additionally, users have unlimited access to a wealth of training materials and professional support. PowerFAIDS is versatile enough to serve any financial aid office, whether it is large or small, public or private. With almost 700 institutions depending on PowerFAIDS for managing their financial aid processes, its standing in the industry is well established. Importantly, PowerFAIDS boasts outstanding compliance features right from installation, outshining other financial aid management systems on the market. This remarkable functionality not only boosts operational efficiency but also instills confidence in financial aid professionals, making their jobs more manageable and effective. Therefore, choosing PowerFAIDS not only streamlines processes but also enhances the overall experience for both administrators and students seeking financial aid.

What is GMS Accounting Software?

The GMS Accounting and Financial Management Reporting System is unlike typical commercial accounting systems or those designed for government fund management, as it is specifically crafted to address the specialized requirements of accounting for contracts, grants, and program activities relevant to nonprofit and public organizations. This software has been carefully engineered to meet the distinctive challenges faced by these entities, ensuring that their financial reporting is both accurate and compliant. In addition, the GMS Revolving Loan Servicing Software is a robust and comprehensive solution that features one of the most efficient portfolio management tools on the market. With the ability to effectively handle nearly any loan program, it not only supports the daily operations of portfolio management but also provides extensive reporting capabilities. Our system guarantees that all reporting adheres to current state and federal regulations, satisfies audit requirements, and supports the documentation needs of both the Board of Directors and the management team, thereby significantly improving organizational transparency and accountability. Consequently, this software is an essential resource for organizations aiming to optimize their financial workflows and enhance operational efficiency. Ultimately, the combination of these systems allows for better financial oversight and strategic decision-making within nonprofit and public sector organizations.

Media

Media

Integrations Supported

Ariane Systems
Cloud Raxak
RateBoard

Integrations Supported

Ariane Systems
Cloud Raxak
RateBoard

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

College Board

Date Founded

2009

Company Location

United States

Company Website

powerfaids.collegeboard.org/about-powerfaids

Company Facts

Organization Name

GMS

Date Founded

1980

Company Location

United States

Company Website

www.gmsactg.com

Categories and Features

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

Grant Management

Compliance Management
Contract Management
Grant Application Management
Grant Award Tracking
Grant Opportunity Search
Self-Registration

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