Grant Management

Grant Management is a fully integrated solution for not-for-profits and governments that make or receive grants. You can manage the full life-cycle of a grant, including grant applications, grant budgeting, making awards, and tracking grant expenditures, indirect cost allocations and automated recognition of revenues.

Grant Management Allows You to:

• Manage the entire life-cycle of a grant based on grant calendars
• Assign unlimited grants to a single grantee
• Provide instant review of financial transactions
• Create indirect cost calculations based upon your rules
• Automatically setup revenue recognition and payable transactions
• Manage temporarily restricted funds
• Manage budget checking and approval processes
• Control expenditures against multiple budget rules
• Maintain all grantee and grantor contact information
• Instantly access proposed, awarded, adjusted and carryover budgets
• Manage both approved and pending protocols as defined by the grantor
• Report to grantors in their currencies
• Manage reimbursables
• Record expense matching and gifts-in-kind transactions

Manage The Entire Life-Cycle Grant

Grant Management allows you to maintain proposal data for each grant and from each grantee, including budgets, sources of funding, matching/gifts-in-kind requirements, and expenditure categories. The award process automatically sets up the grant number and posts the budget to the GL. The close-out phase allows you to close the grant, but still maintain all the relevant information for reporting. All reporting can be done on life-to-date, grant year or fiscal year bases.

Assign Unlimited Grant To single Grantee

Grant Management allows you to assign unlimited grants to a single grantee. It also permits you to assign a single grant over multiple periods. In each case, the reporting capabilities let you report on an individual grant or any combination of grants.

Provide User With instant Review Of Transactions

Navigator's filtering and reporting capabilities allow instant access to any group of transactions you designate. In addition, the drill-down tools let you identify and review the original source data entered into the system.

Create Indirect Cost Calculations

Grant Rules enable you to establish automatic indirect cost calculations. This feature allows unlimited sources of indirect costs by grant, including both internal and external reimbursement mechanisms.

Revenue Recognition

Grant Rules let you setup automatic transactions that record the sources of revenue and the payable transactions for each individual grant based on an unlimited number of sources of funds. This includes generating the invoices and checks to individual grantees.

Manage Temporarily Restricted Funds

Grant Rules let you automatically create release-from-restriction transactions to transfer funds from Temporarily Restricted Assets to Unrestricted Grants.

Instantly Access Budgets

The system maintains various budget types, including proposed, awarded, adjusted and carryover. Because of Navigator's underlying filtering and reporting capabilities, you always have quick access to this budget information.

Manage Protocol As Defined By Grantor

Grant Management allows you to record each protocol required by the grant and indicate when the protocol is required to be approved. As the protocols are approved, the date is automatically entered into the system. The system maintains a record of the total number of protocols and the number pending.

Manage Reimbursables

Reimbursement contracts can be directed to a different source and can be based upon reimbursement for fee-for-service or installment payments.

Record Expense Matching Transactions

The system lets you record each of the matching transactions required by the grant, including the date, amount, and a description. In addition, Grant Management allows recording of proposed matching amounts in order to develop grant proposals.

Read More | Go to Grant Management pdf

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