Agate is pleased to announce our product, Cash Management System (CMS), for the Michigan Department of Education recently passed the State of Michigan’s audit requirements without any findings. The audit is part of a regularly scheduled process that checks for compliance with state standards. The following quotation was provided to Agate by Craig Thurman, the Assistant Director of the Office of Financial Management, Michigan Department of Education, providing additional details of the review.
“The State of Michigan now has a new education payment process that improves cash flow for education agencies across Michigan. It helps them review and manage their reimbursements, program funding, and budgets across fiscal years to avoid recapture of federal funds and save administrative costs. The new system, MDE’s Cash Management System (CMS), passed all the state’s audit requirements without any findings, which demonstrates how the hard work of our team has created a solid system.”
This accomplishment reinforces Agate’s strong commitment to building quality products to accurately manage client reimbursements, program funding and budgets. |