FINANCIER vs ProSAM Solution Suite

FINANCIER is WolffPack’s web-based financial aid management system for higher education. It supports federal regulatory compliance and processing across multiple years and campuses. Applicant records can arrive electronically from the Central Processor or other outside sources, while applicants can also enter and review data online. Staff can assign required documents from student attributes or fund awards, track application status, and issue initial or follow-up requests. Verification runs online or in batches with configurable levels and tolerances. Need analysis supports Federal and Institutional Methodologies and calculates EFC online or in batch. Budgeting provides eight components with unlimited values based on student attributes. Award packaging uses student characteristics and user-defined criteria with unlimited formulas. Direct Loan support covers origination, certification, promissory notes, servicer exchange, disbursement, and reconciliation. Payment transactions can post online or in batches, with electronic Pell Grant records generated from disbursement activity. Event History, Student Audit, and Award Audit provide process and award review.

ProSAM Solution Suite is a financial aid management system for post-secondary educational institutions. It handles individual cases as well as volume processing, with a packaging engine for term, annual and aggregate limits, automated repackaging, BBAY Federal Loan awarding and Return to Title IV funds. Built-in exchange support covers ISIR, Electronic Corrections, COD Common Record and Reports, NSLDS layouts and CSS Profile. Integration Services supports near-real-time student data loading and real-time posting of authorized disbursements to student accounting systems that support XML exchange. The suite also integrates with student information and student accounts receivable systems. Institutions can configure business rules and group security settings, and use enterprise single sign-on, Microsoft Active Directory or LDAP. ProSAM records changes with before-and-after snapshots and searchable online logs. It can generate branded XML letters and send communications by email or text. Sigma describes it as platform-independent across hosting environments, operating systems and database management software, without naming specific supported systems. Pricing is on request.