CARES Act Information Management: Loan Processing and Records Management for Federal Agencies
When the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020, the Small Business Administration (SBA) was tasked with overseeing the distribution and monitoring of more than $600 billion lent to more than four million businesses. The structure of the Paycheck Protection Program (PPP) was created for businesses to use the aid money according to stringent guidelines and submit documentation of spending and other ﬁnancial records to the SBA. Micro Focus Content Manager is optimized to help agencies like the SBA comply with federal audit recommendations, congressionally imposed transparency requirements, and applicable federal recordkeeping mandates.
· Micro Focus Content Manager is a secure and scalable loan information management system capable of automating the capture, management and disposition of loan ﬁles and associated documents.
· The use of Micro Focus Content Manager ensures compliance with SEC Rule 17a-4, which provides a regulatory framework for managing documents associated with ﬁnancial transactions.
· Micro Focus Content Manager Software has been used by thousands of customers worldwide— including numerous U.S. government organizations—in similar situations where policy-driven and easy-to-use records and information management was required.
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