Are you looking to streamline your grants management system? GivingData is the perfect solution for organizations that need an easy, efficient way to manage grants as they work their way through the grant life cycle. The grant life cycle can be broken down into three main phases, pre-award, award, and post-award. Each of these phases requires an organized and clear process to ensure no money is being lost and each grant is planned and budgeted out. This is where a one-stop-shop software like GivingData’s GMS 2.0 can be useful for philanthropists and nonprofits.
Our grants management system gives you access to all of the tools and resources needed to make the grant process easy and hassle-free. Our end goal is to create software that promotes trust and transparency between funders and grantmakers as well as applicants and grantmakers. From tracking applications and grants awarded to creating reports, our system makes grants management easy and efficient. Our grants management system is designed to make the process of managing grants easier, faster, and more accurate than ever before. We provide a secure platform with tools to help you track grants, manage applications and create reports. Let’s walk through the grant life cycle and see how GivingData can streamline your grants management system.
What Is the Grant Life Cycle?
The grant life cycle, as stated above, has three main phases: pre-award, award, and post-award. Pre-award focuses on researching potential grants and preparing applications for submission. The award phase involves tracking grants awarded and allocating funds accordingly. Post-award centers around monitoring grants to ensure successful outcomes, as well as creating reports for funders. GivingData’s GMS 2.0 provides a secure platform with tools to easily manage grants through each phase of the grant life cycle, making the entire process more efficient and accurate. Let’s discuss each of these more in-depth to learn how this software can assist.
The grant life cycle, as stated early, has three main phases. The pre-award phase is the first phase of grants management and consists of creating the grant and developing funding for this grant. This is a critical step in the grant process, as it sets the tone for how successful an organization will be at obtaining funds. This is also the time when the nonprofit will announce its award and make it available to eligible applicants. Applicants then review and submit applications, which the nonprofit will be responsible for organizing, processing, and reviewing.
How GivingData Helps
GivingData grants management system can help streamline this process by providing a secure platform for applicants to submit their applications. With this software, applications are automatically saved and can be revisited later by applicants. Applicants can also message the funders in order to ask questions or gain clarification, something many find important when filling out applications. Not to mention other benefits, such as the ability to flag a section, track progress, and prevent incomplete applications from being submitted.
Additionally, those reviewing grants can keep applications organized as they review them by separating them into their own folders: declined applications, closed grants, active grants, and active applicants. Our grants management system also provides templates and tools to assist with the development of grants and funding. For example, there is a grantmaking process that can be set up when funding is urgent.
The award phase of grants management is the second phase. This involves tracking grants awarded, allocating funds accordingly, and ensuring proper outcomes. During this time, the nonprofit will be responsible for keeping track of grants and their progress in order to report back to funders on progress made.
How GivingData Helps
GivingData grants management system provides a secure platform for tracking grants awarded and allocating funds accordingly. The software also comes with a grants reporting feature, which allows the nonprofit to easily generate reports on grants progress and outcomes in order to report back to funders. Additionally, this grants management system allows for transparent communication between the grantmaker and the grantee. When grantees are responsible for reporting expenditures that they are utilizing the funding for, things can begin to get messy. That’s why having this program allows the grantee to report the expenses and keep them all in one place to ensure the grantmaker and the funder can see these reports.
The post-award phase of grants management is the third phase. This involves monitoring grants to ensure successful outcomes, as well as creating reports for funders. The nonprofit will also be responsible for tracking grant milestones and any changes that occur in grants.
How GivingData Helps
GivingData grants management system can help streamline this process by providing an easy-to-use dashboard of grants data, allowing the nonprofit to view grants and their progress at a glance and allow them file reports. The two types of reports that will be important to keep track of during this time will be financial and programmatic reporting. GivingData’s grants management system allows for both of these to be kept in one place, once again making the process easier for all those who need to keep track of such reports. The software also provides tracking tools that allow nonprofits to keep track of grant milestones, changes in grants, and grant outcomes. Grants are often tracked and reported on for years, which is accounted for within the software.
Try GivingData’s Grant Management System Today!
The grants management system provided by GivingData is the perfect solution for streamlining and simplifying your grants management throughout the entirety of the grant life cycle. It provides a secure platform to apply, track progress, allocate funds accordingly, monitor grants success and outcomes, create reports for funders, keep financial records in one place, and much more. With this software, you can be sure that all of your grant applications are saved properly and reviewed fairly.
GivingData prides itself on assisting you to become trust-based philanthropy. They foster this through the usage of real-time application updates and messaging, consistent updates and reporting for funders, and a dashboard for grantees. The transparent communication between the grantmaker and the grantee helps foster trust while also allowing both sides to stay informed about what’s happening with each application or awarded grant. There are many programs out there that can assist in parts of this process, usually causing nonprofits to have to adopt two or more types of programs or software to keep their data organized. With GivingData, every step is in one place. Plus, it is accessible and beneficial to all those involved in the process, not just grantmakers. Give it a try today at www.givingdata.com to see how easy grants management can be!