Funded Program Management provides SEM agencies with the ability to create and manage funds which can then be obligated to clients in need of assistance. For example, clients in need of child care assistance can be obligated a budget from a child care fund.
One of the key benefits of Funded Program Management is its integration with Cúram Provider Management processing. Instead of paying clients for their child care needs, funds can be used to pay authorized child care providers directly for their services. This gives agencies a middle ground for providing clients with funding that they need.
Funded Program Management offers a simple solution for funding services. Funds can be set up, assigned to fiscal years, and associated with products and services and amounts from the budget can then be obligated to clients in receipt of those services. This chapter describes in more detail the components of Funded Program Management and how it works.