Springboard Solutions, a subsidiary of Springboard Nonprofit, one of the nation’s leading financial counseling organizations, has joined hands with Speridian Technologies, a global IT consulting and solutions company, in offering an end-to-end Financial Aid Management System (“FAMS”)for State agencies. In light of the significant economic impact directly related to the coronavirus pandemic, FAMS will empower these agencies to enable immediate distribution of funds they receive under various COVID-19 federal relief programs. FAMS is a cost-effective technology solution for State agencies to outsource the execution, management and tracking of federally mandated programs to Speridian, thereby reducing the burden of managing these programs with current staff and resources.
Springboard and Speridian previously partnered in launching end-to-end fulfillment centers for various states’ allocation of the U.S. Department of Treasury’s Hardest Hit Fund Program, and have been recognized by Treasury as a model administrator for the distribution of government funding.
“Along with our long-standing technology partner, Speridian Technologies, we have been at the forefront of many economic downturns and disasters over the past several years,” said Melinda Opperman, Chair, Springboard Solutions. “Our partnership has a successful history of helping multiple agencies and their constituents. With the proprietary FAMS, we provide a complete solution for state and federal agencies to effectively manage various financial aid programs related to COVID-19.”
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