Do you want to simplify how your company handles grants? GivingData is the ideal option for companies looking for a straightforward and effective approach to handling donations as they pass through the various stages of the grant life cycle. The grant life cycle comprises three fundamental phases: pre-award, award, and post-award. Pre-award is the time frame prior to the grant being formally given. To prevent money from being squandered and to make sure that each incentive is carefully planned and budgeted, each of these phases requires a well-organized and transparent strategy. In this situation, a one-stop-shop software solution like GivingData’s GMS 2.0 may be very beneficial to philanthropists and charitable organizations.
Using our grants management system will provide you access to all the materials and tools required to make the grant application process simple and fast. Our ultimate objective is to develop software that promotes trust and transparency between grantmakers and donors as well as between grantmakers and applicants for grants. Whether it’s managing grant applications or producing grant award reports, our technology makes grant administration simple and quick. With the aim of making grant administration simpler, quicker, and more precise than it has ever been, our grants administration system was developed. We provide a safe interface where you can monitor finances, control apps, and create reports. Let’s go through the grant application procedure to understand how GivingData might make your grant management system more effective.
What Is the Grant Reviewing Process?
The pre-award stage, the award stage, and the post-award stage are the three main phases that make up the grant life cycle, as was previously mentioned. Preparing grant applications for submission and doing research on different grant kinds are the primary goals of this phase. You will be in charge of overseeing such grants and properly allocating funds when awarding awards. Monitoring money to make sure they are used appropriately and generating reports for funding sources are the main objectives of post-award activities. A secure platform with a number of capabilities, GivingData’s GMS 2.0 streamlines gift administration across the grant life cycle. As a result, the whole procedure is quicker and more accurate. To further understand how this application can be helpful, let’s go through each of them in more detail.
Before Grants Are Awarded
As was already said, there are three main stages to the grant life cycle. The pre-award phase, which includes both the process of requesting grant financing and the process of establishing the grant itself, is the first step in grant administration. Since it determines how successful an organization will be in the future at obtaining funding, this stage is crucial when applying for grants. The charitable organization will also make its reward announcement at this time and make it accessible to those who qualify to win. The nonprofit organization will organize, handle, and analyze the applications once the applicants have reviewed and submitted them.
GivingData’s Ability to Benefit You
The GivingData grants management system, which offers applicants a safe setting in which to submit their applications, may assist in simplifying this process. Applications are automatically saved by this program, and if applicants would like, they may come back and make changes later. Many people see this as a crucial step in the application process since it allows applicants to contact the funders with questions or requests for clarification. Not to mention the options to highlight a part, track development, and stop applications from being submitted if the necessary information is missing.
Additionally, people in charge of reviewing grant applications may maintain order by grouping the applications they are looking at into the following folders: rejected applications, closed grants, active grants, and active applicants. Our grants management system also offers a variety of templates and tools to assist with the creation of grant and funding proposal documents. A grant-making procedure could be started, for instance, if funds are urgently needed.
The Award Presentation
The second step of the grants management process is the award phase. This requires tracking the awards that have been awarded, efficiently allocating resources, and assuring accurate results. The charitable organization will be in charge of monitoring contributions and their effectiveness throughout this period so that it may update contributors on the development.
Making Communication Easier
The GivingData grants management system offers a safe platform for keeping track of gifts and properly allocating money. Additionally, the platform provides grant reporting capabilities that let the nonprofit organization simply create reports on the progress and results of donations, which can then be sent to donors. Additionally, the grants management system permits direct communication between the donor and the recipient. Things might become tricky if grantees are required to record the purchases they make with the money. The grantee may submit their charges and keep track of them all in one place thanks to the existence of this service. This ensures that both the grantmaker and the donor may view these reports.
The third and last step of grant administration is the post-award phase. This involves producing reports for the organizations that provide financial support, as well as monitoring grants to make sure they are utilized efficiently. The charitable organization must also keep track of grant milestones and any adjustments that could be made.
Where Your Organization Comes Out On Top
GivingData’s grants management system offers an intuitive grant data dashboard, which might aid in accelerating this procedure. The charity organization may create reports and quickly track the status of funds thanks to this dashboard. The two sorts of reports that will need to be watched over at this time are the financial and programming reports. It will be essential for managing both kinds of data. Both of these may be documented in one location using GivingData’s grants management system, simplifying the procedure for everyone in charge of keeping track of such reports. Additionally, the platform provides monitoring features that let nonprofits keep tabs on grant modifications, milestones, and results. The software takes into consideration the fact that reports and reviews of grants sometimes span many years.
Check Us Out For Yourself!
The finest option for streamlining and simplifying grant administration across the grant life cycle is GivingData’s grants management system. GivingData offers this contributions management system as a service. It offers a safe setting in which to submit grant applications, assess their performance and accomplishments, monitor their growth, appropriately disperse funds, produce donor reports, keep all of their financial data in one location, and do a lot more. When you make use of this technology, you can be sure that each and every one of your grant applications will be stored in the right format and impartially reviewed.
GivingData takes great delight in helping you become a more reliable donor. They do this via grantee dashboards, frequent updates and reporting for funders, and real-time application changes and communications. Together, all of these components support this. Both parties may keep informed about the status of any applications or grants that have been given thanks to open and honest communication between the organization that awards grants and the recipients of those funds. This helps to build confidence between the parties. There are several programs that may help with different aspects of this process. As a result, charitable organizations are often compelled to handle their data structure using two or more different kinds of software or apps. GivingData combines each stage into a single location. Its usability and accessibility benefit everyone participating in the process, not just grantmakers. Now is the time to check out www.givingdata.com and see for yourself just how simple grant administration may be.