Grant Management
Grant applications
Organisations such as charities, academic institutes, public funding bodies and corporate foundations often employ a regular cycle of grant applications, where professional reviewers decide which applications are worthy of funding.
For a large organisation, there may be hundreds or even thousands of applications, as well as dozens of reviewers, not to mention stringent auditing requirements. In such cases, simply administering the application process is a major undertaking.
Our Grant Management Tracker product allows you to manage the grants application process from beginning to end. Its automated document management features make it easy for participants to share information. And because it's web-based, applicants, reviewers, administrators and auditors can collaborate efficiently - whether they work in separate offices or on separate continents.
Claims
The distribution of payments to successful applicants is not a simple matter either. You don’t want to extravagantly overfund projects, but on the other hand, you don’t want to underfund them.
- In projects lasting several years, this means index-linking payments so that project staff don’t suffer financially from the effects of inflation.
- In academic projects, this means adhering to standard published salary scales.
- In many projects, this means taking local considerations such as National Insurance, superannuation contributions, the London allowance, etc into account.
- In all projects, this means being responsive to payment claims made by project staff, not only to ensure that they receive their payments on time, but also to ensure that overclaims are highlighted and dealt with properly.
Grant Management Tracker handles all these issues and more. It keeps records of all payments made, calculates future liabilities for the disbursing organisation, copes with changes in circumstances during projects, and is auditable and secure.
Find out more here.
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