PowerFAIDS vs ProSAM Solution Suite

PowerFAIDS is a cloud system for automating financial-aid tasks in institutional offices. Staff can maintain student records using CSV files or APIs, create custom reports, and generate logged emails and letters to students and parents. Award packaging can be done individually or in batches, with simulations and adjustable parameters. The system automates Pell and TEACH Grant processing, including Return to Title IV, and supports the federal loan lifecycle. It performs Federal Methodology and College Board Institutional Methodology calculations, supports CSS Profile and IDOC processing, and can create and track financial-aid funds. Data exchange options include CSV import, automated file exchange, REST API and custom report extracts. Students can use the Net Partner web portal to access and manage aid information. The maker describes security on Amazon Web Services, automatic maintenance and updates. Implementation is included at no additional cost and takes approximately 12 weeks; unlimited training and support are also included at no additional cost. Pricing is on request.

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.