Financial Management Systems
Our auditor has consistently provided reports on the integrity, sound practices, and balancing of EDC’s overall fiscal activity. Using the Costpoint software system for accounting procedures, our Accounting Office and Office of Sponsored Programs rely on standard templates for budgeting project work that require thorough estimates and projections for all task and subtask cost categories, such as labor and consultant services; and direct costs for materials, telecommunications, and other related services. This system provides managers immediate access to financial data online, supporting effective and timely decision-making.