The United States Department of Agriculture's Farm Service Agency recently chose ECI's Web Equity Manager software to replace FSA's legacy Farm and Home Plan (FHP) software.
Web Equity Manager will be used to administer over $16 billion in loan volume spread across some 100,000 government program participants through the FSA Service Centers assisting agricultural producers in over 3,000 counties across the country.
This landmark decision is part of a comprehensive e-government initiative to provide a standardized platform for facilitating better communication and information exchange between all government loan program participants and the financial institutions and community partners who assist their customers in receiving government program benefits.
“FSA's ultimate goal with Web Equity Manager is for multiple government agencies to securely operate within the same system as banks, farm credits, regulators and other key lending industry players to significantly reduce the time and expense associated with gathering, analyzing and exchanging program participant information,” explained ECI Chairman/CEO Gary Kruse.
One of the key goals for Web Equity Manager in the FSA environment is to empower producers to complete their farm business plans on the Web and submit them electronically to the service center. This will allow service center employees enhanced capabilities for assisting producers in completing their business plans.