Applying For and Using CARES Act Funding for Technology

Simplified: The Official Blog of MCCi

MCCi / Aug 06, 2020

As part of the CARES Act (Coronavirus Aid, Relief, and Economic Security), the US Treasury allocated $150B to states to help municipalities address pandemic-related challenges. 

This funding is available for necessary, one-time expenses that were previously unbudgeted but are necessary amidst the COVID-19 pandemic. 

Widespread social distancing and telecommuting requirements have increased demand for direct citizen communication and online process availability.  

It’s no surprise that many states and municipalities have found a solution through technology and digital transformation. Even better, computer software and SaaS are eligible expenses for CARES Act funding. 

The CARES Act covers expenses incurred March 1, 2020, through December 30, 2020. Though funding has to be used by the end of the year, the CARES Act will cover multi-year contracts if you pay the entire multi-year contract cost in one payment (if the payment is before December 30, 2020). 

The CARES Act also authorizes waivers that allow local districts increased flexibility on the use of Title IV-A funds, including removing a limit stating that no more than 15% of Title IV-A funds can purchase technology infrastructure. 

MCCi offers several solutions that can elevate and streamline your business processes: electronic forms & workflow enable remote work and contactless processes; digital signatures enable business as usual while working remotely; Managed Cloud ensures business continuity with secure access to all applications, and digital workers delegate staff to meaningful work by removing repetitive actions. 

Although the CARES Act can provide crucial funding, navigating it can be challenging.

Here are a few of the business processes we’ve seen our clients use the CARES Act funding for: 

  • Accounts Payable Automation
  • Contract Management
  • Digital Signatures
  • Replacing Legacy Systems lacking modern functionality

COVID-19 Guide For CARES Act Funding For Technology

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MCCi offers complimentary consultations to help build a case for technology needs related to the pandemic.  

If you’re wondering which business processes CARES funding can help you streamline, contact us today! 

 

 

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