If you’re an organization that distributes funding, the process of helping people realize their dreams and giving back to the community by accepting grant applications is incredibly rewarding. However, the process of sifting through dozens, if not hundreds, of grant applications is less rewarding. New grant application management programs make it a lot easier to manage this task.
Here are the features that you should look for when selecting a program for grant applications.
Transparency
One common complaint among grant applicants is that the application process often feels as if it’s down to luck or bias on the part of the selection committee. A good grant application management system makes it easier to be transparent with applicants about the stage of the grant process you are at, the distribution of funds, and how much money is available.
Consolidation
Managing different grant applications is difficult if you are receiving hundreds of requests for money. It gets even harder when you have different calls for grant funding, some with different purposes, or are heading an organization with many different departments. A good application management program allows you to track progress on different calls for funding and across departments, all in one place.
Tools to Meet Legal Needs
Giving away grants is not as simple as choosing the best applicants and sending money. You also need to track compliance, cover financial reporting, and follow legal regulations for grant awards. Application management programs allow you to track all of these factors, all in one place.
These are some of the basic features a grant application management program should have, although the advanced ones have many more.
