Grants are a crucial source of income for nonprofit organizations because they give you the extra cash you need to assist more people in the regions you support. This means that getting grants is crucial to your cause, much like getting donations from people and companies. Grants may be provided by regional and national governing bodies and private foundations, and businesses interested in forming alliances with nonprofit organizations.
Grant-giving organisations want to make sure that the NGOs they support receive funds in a way that will maximise their potential for good. Grant applications can take a lot of time, and a tonne of documentation is frequently involved. Avram Grant, a professional philanthropist suggests considering purchasing grant management software if you intend to submit grant applications.
What is Grant Management Systems?
A tool for organization, grant management software assists your company in handling all grant-related tasks. You can keep track of all the grants you’ve applied for, all the donations you’ve been given, and how the money from each grant was spent. Any other administrative records your organization feels essential to monitor with this software.
Winning grants typically involves demonstrating to the grantmakers your organization’s capacity to maximize the good that can be accomplished with the grant funds being provided. The organisation providing the grant typically anticipates that the funds will be used to support specific initiatives or projects and that it will submit progress reports when the funds are used. Donations are often not used as a general source of funding.
Utilizing grant management software makes it simple to keep track of all data associated with a given grant and to deliver that data to stakeholders as needed. The preparation of grant application packages and keeping track of the status of active applications can both be streamlined with this program.
How does Grant Management System Help Philanthropists?
For your organization to present itself professionally while applying for grants and managing grant money once approved, grant management software aids in keeping all grant-related operations structured. Those in charge of completing and maintaining grant applications can present expert-looking documents, graphs, and other information that will stand out to those examining grant applications for financing with the help of a decent grant management software program.
Importance of Data Organization and Administrator Control
Here are some benefits of data organization and administrator control by Avram Grant:
1. Activate Your Team
Make sure your platform has precise access and role management. Administrators should arrange team members according to their roles to ensure that team members are viewing the information pertinent to them,
For instance, it wouldn’t make sense for a grants manager and a board member to access the same data. After all, a grants manager must keep track of the grant’s lifecycle. In contrast, a board member would find that information unnecessary given that their responsibility is to approve significant gifts, or they may only be interested in a snapshot of the number of grants awarded each quarter.
Administrators must be able to control this flow of information to make tasks simple for each team member and to clearly understand exactly what matters to them throughout the funding process. Teams will be able to operate more productively as a result.
Cards Make Data Organization Efficient
Cards from Grant Management System serve as “containers” for ordered data. By providing viewers with the appropriate grant cycle data at the proper moment, they efficiently advance team members through the various stages of the grant cycle. For instance, after logging into Grant Management System, a manager can view a card that lists the grants that still need to be reviewed and approved. And because an administrator concentrated on this stage of the grant cycle, that is all the executive would see.
Compartmentalized data is a very efficient approach to ensure that your data is correctly maintained and understood. It is separated according to the role and created to match the needs of various areas of concentration.
Get Platform Administrators’ Control
By giving administrators complete control over roles and permissions across the platform, the tool enables teams to manage their workload. Every team member can be given a ” role, ” including grant manager, program officer, administrative assistant, executive, and more.
The number of roles you can assign to each team member is unrestricted. The process portion (i.e., the phases of the grant cycle) that each position manages is then given access and controls, and most crucially, they may get the information they require right away. The tool accomplishes this task using “cards” to present significant data and information.
Boost Effectiveness
You’ve significantly reduced confusion and information overload if your grants management solution enables your team to organize your grant workflow and information according to what you “need to know.”
Whether it’s a proposal, grantee impact update, or award letter that needs that last signature, each team member can connect to your platform and instantly see the information that belongs to them. They can swiftly provide the appropriate information to grantees and the rest of your team since they immediately understand their workload and expectations.
Conclusion
No matter how big or small your organization is, having a program devoted to assisting you with the burden makes handling all of the data and paperwork involved in requesting and receiving grants much simpler. You can create an intelligent software investment today and ensure that:
- Your team reviews more grant application packages each year
- Make a strategy for future expansion
- Ensure your staff has the resources they will require to submit even more grant applications
Grant management software makes applying for and administering grant money more efficient and offers historical data on the grants your nonprofit has sought, received, and been rejected for in the past.
