DPM's mission is to provide world class financial and administrative support services to HHS and other Federal agencies in the arena of grant payments and cash management. DPM has 30 years experience providing convenient, cost effective, and efficient grant payment, cash management and grant accounting services.
DPM currently pays out over $195 billion annually in Federal grant-in-aid funds.
During fiscal year 2000, DPM's customers included a wide variety of organizations, over 24,000 in total: Read about them here.
DPM operates the Payment Management System (PMS). PMS is a full service centralized grants payment and cash management system. The system has been selected as one of the two grants payment systems for the entire Federal Government. The system is fully automated receiving payment requests, editing them for accuracy and content, transmitting the authorization to either the Federal Reserve Bank or US Treasury for payment, and recording the payment transactions and corresponding disbursement transactions to the appropriate account(s).
DPM's Objectives Include:
- To Provide a Central Point for Grant Payments, Interest Collection and Debt Management
- To Provide for efficient Cash Management
- To Provide Servicing Capability for all Government Agencies
- To Provide Recipients On-Line Capability to Request Funds
- To Provide Agencies On-Line Access to Grant Information
- To Enable operational efficiencies through economies of scale
