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Grant Management
Delivering timely information about successful budgeting and grant
performance can help increase your likelihood of receiving future
grants.
Wouldn't it be helpful if you could focus your time and
energy up front on management and allocation of grant funding, rather
than spending time at the back-end calculating amounts used?
Microsoft
Business Solutions products and integrating applications created
by our certified development partners provide tools to help better
manage grants from the start, helping you remain accountable to
your sponsor and helping ensure you comply with regulations throughout
the process.
How Grant Management Applications Can Help
Grant management systems can help cut costs and improve productivity while processing applications, making awards, and administering and closing grants. Automated grant management allows you to streamline transactions, monitor daily expenditures, and deliver timely reports for optimal grant performance by providing the following functionality:
- Validates transactions against budgets: period-by-period, grant-to-date, or grant life basis.
- Helps eliminate overspending with automated budget warnings.
- Helps prevent posting of grant transactions when budget is exceeded.
- Allows grants to span multiple fiscal periods.
- Enables you to assign specific users, general ledger accounts, or projects to a grant.
- Lets you attach a sponsor or a list of sponsors to the grant.
- Provides "actual" versus "budget" comparison with detailed summary reports.
- Delivers specialized reports or standard reports that automatically summarize based on grant inception-date or ending-date, regardless of fiscal year parameters.
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