Recovery Funds – Analysis, Transparency and Accountability

The Federal Government is committed to creating transparency into the decisions that drive how, when and where recovery dollars are spent. This commitment will require that at all levels - the federal, agency, state, local and tribe – multiple points of data be collected, projects be tracked and results be generated in a clear, transparent manner that is easily understood by the American public.
The complexity of the process for submission, approval and funding of projects, pales in comparison to the need for key performance indicators and metrics to measure and manage the outcomes of the executed projects. The process requires a transparent, standard model for defining, implementing and defending financial decisions and actions.
With 4tell's iPlan™ Performance Governance Solution, agencies and current and future recovery fund recipients can create and use knowledge to enable transparency and accountability for how recovery funds are spent in a timely, concise and transparent manner.
 
iPlan is a management tool that provides the knowledge to benchmark, monitor, verify and improve performance. It:
  • Delivers timely, targeted and transparent information regarding how recovery funds are being spent
  • Promotes accountability of key stakeholders
  • Drives consistent, comprehensive analysis and reporting across key performance metrics and benchmarks
  • Enables transparent collaboration between federal, state and other key stakeholders
  • Creates knowledge which enables insight and visibility into the use and impact of recovery funds
The iPlan™ technology solution allows funding recipients and federal agencies to customize a sub-site to manage specific funds and the projects receiving those funds. It enables secure data entry and transparent reporting from fund recipients on a weekly basis to applicable federal agencies and to Recovery.gov.
 
iPlan provides an innovative and cost effective way to:
  • Deliver timely, targeted and transparent reporting of information regarding how recovery funds are being spent
  • Enable transparent collaboration between federal, state and other key stakeholders
  • Define key performance indicators and metrics to support unified approach for managing results and outcomes of executed projects
  • Drive performance management of stimulus funds through measurement, verification, and benchmarking (i.e., energy, emissions, job creation, ROI, payback, savings, etc.)
  • Create knowledge which enables insight and visibility into the use and impact of recovery funds
  • Proactively create transparent, standard model for defining, measuring, implementing and defending financial performance decisions including application, allocation, disbursement and spending of funds
  • Enable knowledge-driven comparisons and scenario planning across strategic priorities 
  • Drive cost savings, cost avoidance and risk mitigation
  • Promote stewardship and accountability