REDW Software Solutions Launches SEFA Pro™
Abila MIP Add-on Module Helps Streamline Grants Management and SEFA Preparation
REDW Software Solutions, the team of business software professionals at REDW LLC, one of the Southwest’s largest and fastest-growing public accounting and business consulting firms, is excited to introduce SEFA Pro™. This grants management software solution, exclusively from REDW, is designed to help governments – including Tribes and their enterprises – as well as not-for-profit entities, streamline the process for producing accurate SEFA and other grants management reports.
The Schedule of Expenditures of Federal Awards (SEFA) is a critical document that entities must prepare for audits of federal awards. According to Mustafa Kamal, REDW Principal and REDW Software Solutions Practice Leader, “SEFA Pro™ enables organizations to track federal funds the right way – backed by the right reporting. It eliminates the manually cumbersome, error-prone method of collecting all relevant information from different sources and ensures all the information is produced directly from Abila MIP to present to the auditor.”
Corrine Wilson, REDW Principal and National Tribal Practice Leader, added, “As the provider of accounting services to more Native American Tribes and their tribal entities than any other U.S. accounting firm, we’ve frequently seen that many Tribes struggle to submit a complete SEFA report because they are so complex.
The danger,” she continued, “is that, if they don’t report their expenditures correctly, they may incur audit findings and increased audit fees. Moreover, inefficient grants management can lead to over-expenditures.” Wilson added that some clients have had to return millions of dollars in grants, or have been unable to collect receivables from old awards because of mistakes and ill-timed reconciliations throughout the fiscal period.
The SEFA Pro™ module is incorporated into existing Abila MIP Fund Accounting software and draws information from Grant Administration, one of the Core Abila MIP modules. Once setup is complete, SEFA Pro™ is easy to maintain; all updates are included as part of the product’s annual support and maintenance. SEFA Pro™ also helps to create relevant grant reconciliations throughout the year, and at year-end.
For More Information or a Demonstration
For additional information about SEFA Pro™ or other software solutions and services, please contact Mustafa Kamal at email@example.com or 505.998.3423. On March 19, 2020, beginning at 9:00 a.m. PT, the REDW Software Solutions Team is presenting a complimentary, one-hour webinar to demonstrate SEFA Pro™. To register for the live webinar or to view an on-demand recording available the next day, click here.