Economic Incentives Management (EIM)
Are spreadsheets and manual processes slowing your handling of applications and incentive programs?
Economic Incentives Management (EIM)
Are spreadsheets and manual processes slowing your handling of applications and incentive programs?
EIM is the comprehensive solution for managing Economic Development applications, programs, tasks, contracts, and legal compliance.
EIM Platform Features
Account Management:
- Streamline company and partner management
- Access and update account information easily
- Simplify communication and collaboration with stakeholders
- Manage ‘Parent’ and ‘Child’ Accounts for full, 360° visibility
- Manage multiple applications and incentives for each company
Incentive Application Management:
- Simplify the application process with intuitive interfaces
- Efficiently capture and track applications, including ‘many’ applications to ‘one’ company
- Enable online submission and automated approval workflows to streamline your Economic Development processes
- Manage any/all Incentive Projects as warranted
Contract Management
- Efficiently capture and track applications, including ‘many’ contracts to ‘one’ company
- Schedule automated follow-ups and renewals along with full email integration
- Manage unlimited Property Lease and/or Sale Incentives, including Multi-year Property Lease Management (PLM) and mandatory inspections.
Document Management
- Store all applications, contracts, and required company documentation in a single, secure system
- Store all Project-related documents in a single, secure repository
- Leverage document version control to maintain history
- Simplify the sharing of large documents that are just too large for email attachments
Payment Tracking:
- Track and monitor incentive payments in real-time
- Ensure accurate and timely disbursements
- Gain visibility into payment status and history
Reports & Dashboards
- Access comprehensive reports and intuitive dashboards
- Visualize key performance indicators and trends
- Customize reports to meet specific requirements
- Leverage unlimited global searches and queries to find information quickly
- Enable users to Subscribe to reports based on their needs and schedule
Integration and Collaboration:
- Seamlessly integrate EIM with existing systems – including email
- Eliminate data silos & enhance data accuracy
- Foster collaboration across teams
- Access data from any device – desktop, laptop, tablet, or phone
Scalability and Flexibility:
- Scale EIM to accommodate evolving needs
- Configure EIM to align with specific incentives and processes
- Benefit from cloud-based accessibility and security
- Start small and expand as your needs require
Vertex EIM Application/Approval/Management Process
Contract review and execution and stored in EIM
Prospective Incentive Applicants Request Incentive Application via email or complete an Application on-line
2
Quick Application capability over the phone
3
Economic Incentive Application forwarded to Prospective Company’s Contact via email and standard email templates
4
Business Contact completes the application and gathers all required documents
5
Business Contact forwards to Economic Development with all required documentation
6
Economic Development Officer Reviews and Collects all Necessary data, Financial Reports, etc. and enters/uploads into the EIM Application.
7
8
9
10
Application/Incentive Approve or Reject
File all Artifacts
Monitor/Manage Tasks, Events, Due Dates, Payments, Credits, Resource Schedules
Vertex EIM Application/Approval/Management Process
1
Prospective Incentive Applicants Request Incentive Application via email or complete an Application on-line
2
Quick Application capability over the phone
3
Economic Incentive Application forwarded to Prospective Company’s Contact via email and standard email templates
4
Business Contact completes the application and gathers all required documents
5
Business Contact forwards to Economic Development with all required documentation
6
Economic Development Officer Reviews and Collects all Necessary data, Financial Reports, etc. and enters/uploads into the EIM Application (ecessary vs Necessary)
7
Application/Incentive Approve or Reject
8
Contract review and execution and stored in EIM
9
File all Artifacts
10
Monitor/Manage Tasks, Events, Due Dates, Payments, Credits, Resource Schedules
Vertex EIM Application/Approval/Management Process
Success Stories
Vertex not only understood the complexities of our Economic Development Incentive offerings, but they were able to develop and automate the critical processes needed to support our incentive offerings and departmental growth. And, their Post Go-Live Support was nothing short of outstanding.
Michael Banish
Vertex Computer System's EIM solution has been effective in improving our economic development incentive processes and business outreach efforts.
The solution's reporting capabilities have allowed us to work with more efficiency and will make our decision-making around economic development policy more informed.Robert Bruno
I have been delighted using our newly developed Economic Incentives Management System. The system has allowed me to consolidate multiple databases, spreadsheets and reports into one easy to access platform. The integration of the new system has offered a one-stop-shop for all my relevant data and contacts. It also allows me quick and easy access to pull information from any location bringing me up to speed on any company or site within minutes from any location.
Catherine Bieterman
Our Trusted Clients
