Latest news with #grantmanagement
Associated Press
27-05-2025
- Business
- Associated Press
Allocore Achieves FedRAMP High Authorization for Loans, Grants, and Fraud Prevention Cloud Products
ARLINGTON , VA, UNITED STATES, May 27, 2025 / / -- Allocore, a leading provider of federal loan, grant, and fraud prevention technology, is proud to announce that its Unified Loans Platform (ULP), Unified Grants Platform (UGP), and Unified Fraud Platform (UFP) cloud products have officially achieved FedRAMP High authorization. This designation is a major milestone in Allocore's mission to power the future of modern, traceable, and secure government technology for public sector financial assistance programs. FedRAMP High status is the most rigorous cloud security standard in the federal space, validating Allocore's commitment to protecting sensitive data across its loan, grant, and fraud prevention cloud platforms. Allocore's FedRAMP High-authorized products provide public sector agencies with world-class commercial banking technology—available individually or together as part of a unified One Platform solution: • ULP is the only commercially available lending platform that delivers the advanced origination and management technology used by the banking sector. Specifically configured for federal loan programs. ULP supports the full loan lifecycle, including origination, approval workflows, servicing, and fraud detection, enabling swift, accurate decision-making for complex loan and guarantee programs. • UGP is a cloud-based, modular grant management platform that adapts to the unique workflows of any federal grant program. It supports the full grant lifecycle—from application to compliance—with intelligent automation and a modern user experience. • UFP empowers agencies to automate fraud detection and prevention before disbursing critical funds. UFP integrates with internal and external datasets, applies advanced business rules, and uses AI to identify and flag potentially fraudulent activity—enhancing program integrity across loans and grants. 'Allocore's products now meet the highest federal security benchmarks, ensuring our agency partners can confidently power their mission-critical programs on Allocore,' said Bill Webner, Allocore's Chief Executive Officer. 'This achievement reflects the trust the public sector places in us—and demonstrates our continued investment in leading-edge, compliant technology.' To view Allocore's listing on the FedRAMP Marketplace, visit: About Allocore Allocore powers leading government loans, grants, and fraud prevention programs with a unified platform built for efficiency and security. With trillions in loans and grants processed and billions in fraud prevented, Allocore brings the precision of commercial banking technology to the public sector. For more information, visit and follow us at Adam Hughes GovNavigators LLC +1 202-320-3254 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Forbes
23-05-2025
- Business
- Forbes
Changing The World One Algorithm At A Time With AI In Non-Profits
AI augmenting nonprofits We often think about the impact AI is making on profitable businesses and even governmental organizations, but AI is also making significant contributions to the operations and success of non-profit and social sectors by enhancing efficiency, expanding reach, and enabling data-driven decision-making. One way AI being applied is by assisting with the process of fundraising and managing donors, which is incredibly important for nonprofits. Some early adopters in the non-profit industry are using AI to optimize fundraising efforts by analyzing donor data to identify potential high-value donors, predict giving patterns, and personalize outreach. These AI-assisted tools can craft tailored messages, suggest optimal times for engagement, and automate follow-ups, increasing the effectiveness of fundraising campaigns. Another area that nonprofits really focus on is in applying for and managing grants from government organizations, charitable institutions, and individuals. Some nonprofits are using AI to streamline the grant application process by matching with appropriate grant opportunities, generating application content, and tracking submission deadlines. These AI tools can also help foundations assess grant proposals more efficiently by analyzing their alignment with funding priorities. Another part of the fundraising process is staying engaged with those who currently or could potentially support the nonprofit's efforts. AI-enhanced awareness and communication campaigns help target the right audience through personalized messaging and optimizing digital advertising efforts. AI-augmented analytics help organizations measure campaign effectiveness, adjust strategies in real-time, and increase the impact of advocacy efforts. There's a lot that nonprofits have to do. Not only do they need to fulfill their mission objectives, but they need to manage operations and resources so that every dollar is spent in the most effective and efficient way. AI helping to organize nonprofits' resources to address particular needs. These systems can help magnify and augment the capabilities and the resources of AI nonprofit organizations to really deliver their impact in a much more highly efficient way. Many nonprofits are dependent on volunteers to deliver their mission objectives and support their communities. AI optimizes volunteer management by matching volunteers with tasks that align with their skills and availability. AI-driven platforms can schedule volunteers, track hours, and provide personalized opportunities, ensuring that non-profits maximize the value of their volunteer workforce. Likewise, nonprofits are making greater use of chatbots and AI-powered virtual assistants and agents to improve and enhance communications with their stakeholders. AI-powered language translation tools help nonprofits and social organizations communicate with diverse populations and expand their reach. AI can also enhance accessibility by providing real-time speech-to-text translation, enabling sign language interpretation, and generating accessible content for people with disabilities. Furthermore, nonprofits can perform analytics on their operations to ensure that the programs themselves are delivering the value that they are supposed to. The use of AI-enhanced analytics can evaluate the effectiveness of social programs by analyzing large datasets to identify patterns, measure outcomes, and provide insights into what works best. Nonprofits can use these AI systems to refine their strategies, improve program delivery, and demonstrate impact to stakeholders and funders. AI-powered predictive analytics systems can help anticipate needs, allocate resources effectively, and measure the potential impact of their programs. For example, AI can analyze trends to predict areas at high risk of food insecurity or homelessness, allowing organizations to target their efforts where they are most needed. These AI-powered systems can also keep an eye on financial resources to ensure that money is not being needlessly spent or wasted. AI improves financial management and fraud detection in non-profits by analyzing transactions and financial records for anomalies. AI-driven systems can flag suspicious activities, ensure compliance with regulations, and enhance transparency, helping non-profits maintain donor trust and financial integrity. There will always be a need for the support and value that nonprofits and mission-oriented organizations provide. And just like every other industry, they will find great value in bringing AI into their operations, helping to more effectively deliver on their missions and objectives.
