|DATA Act Requirements||The Gov-PATH approach|
|Standardization of defined data elements.||Provides a single source for required data elements, integrating multiple systems, and connecting that data to the process steps and people responsible for completing transactions. This approach allows agencies to achieve data standardization without changing the way they do business. Gov-PATH can consolidate data and export into mandated data formats.|
|Appropriations broken down into Program Activity and Object Class Code.||Provides linkages between program areas and financial data by categorizing fund account information and object class codes under projects, namely contracts and grants. These fund accounts are attached to the appropriation source and governing authorization. This approach allows agencies to report financial transactions and program performance from the same control totals.|
|Aggregated reporting of obligated funds across the federal government to award recipients.||Provides unique identifiers to link funds awarded to contractors and grantees, masking DUNS numbers, and linking those figures to the same control totals established by appropriation and program activity.|
|Tracking disbursement of payments for work completed by award recipients.||Provides invoice and payment information (financial systems) that is charged to the corresponding Contract tasks and Grantee spending categories.|
The Gov-PATH solution takes a different approach to DATA Act compliance and implementation, providing Program Offices on the ground with a system that complies with data requirements and best practices in budgeting and financial management.
This bottom-up approach gives agency level CFO’s and leadership with aggregated data that is standardized, reconciled to audited financial data and meets reporting requirements.
By giving program teams a system that integrates their data with financial planning and tracking processes, Gov-PATH saves staff time executing their work instead of imposing additional burdens.