The State of Arkansas will be the first to implement real-time technology to monitor its spending of American Recovery and Reinvestment Act (ARRA) funding grants. IBM technology will be used to track stimulus funds and meet federal requirements, part of the state's effort to ensure effective use of stimulus resources for improving education programs.
"The ability to quickly monitor, control, and report on stimulus grants is critical to generating the most benefit to citizens, and ensuring transparency and accountability," said Gerry Mooney, IBM General Manager, Government. "Advances in financial management technology can play a crucial role in helping governmental organizations manage spending in real-time and demonstrate that their programs are having a positive impact in their community."
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