Any organisation that is involved in handing out cash can be extremely popular when someone applies for a grant and is successful. Of course, they are not met with such glowing terms when they decide that an application doesn’t fit the criteria. It is important to make the right decisions as the outcome can affect people’s lives and the future of a business and its employees.
A grant can provide money for many different causes. It could be to go on for further education, or perhaps a local authority is in the position to be able to provide cash for community improvements. A sports club may require assistance to improve its facilities. All require handling with care and accuracy, which can be provided by investing in grant management software.
Those who make the smart choice to lessen their manual workload and introduce increased accuracy and consistency into the way that they operate can be provided with software that deals with the full grant process. That begins with sorting the application intake which provides applicants with the guidelines and documents that they require. They can be supplied with important information such as closing dates, reminders, and the means to apply by filling out a form digitally, saving the rigmarole of sending things out by post.
There are times when reviews, as well as decisions, are required, which can be made easier by using software that covers any possible conflict of interest, dealing with bulk assessments, response tracking and being able to send out bulk email and letter merging to notify applicants of their results. The time and resources that are saved are vast, allowing employees to deal with other tasks. When purchasing the right software, they will be provided with a tool that can deal with any kind of grant pattern whether scholarships right through to infrastructures. Click here for a guide to podcast production.
Software that includes weighted and qualitative scoring among its features guarantees that consistency and fairness are met, which can be provided as evidence if a failed applicant appeals a decision. Contract documents can be formulated saving further time, which includes management and digital approvals while document versioning is also available. The main crux of a grant is that the correct payments will be delivered. Leading software ensures this, whether in full or partial awards or if the cash is designated in stages. Similar software might be utilised by those involved with household energy upgrade awards.
The management of any recoupment of funds can be made easier as well as being able to track orders. The workload required to file annual reports will be taken care of more efficiently as well as any acquittals, while reminders for report scheduling can be input so that nothing is overlooked. Having software that includes risk management can also be of great peace of mind.
The grant process can be complicated and time-consuming. Investing in software can ensure accuracy, accountability, and consistency along with tracking and reporting features.
