Just like recovery funding is not just one funding stream, grant management is not just one process. When managing grants, organizations need to foster cross-functional communication, be aware of activities occurring across all departments, oversee various budgets, and track performance goals, all while remaining compliant with grant management legislation. But this is manageable.
To see if your organization could benefit from technology support before you start reporting on your funded projects, you can use the following checklist.
Circle “yes” or “no” below:
|Yes||No||Based on our grant revenue, we are subject to the Single Audit|
|Yes||No||We manage at least one large grant with detailed reporting requirements|
|Yes||No||We manage and report on several small-to-mid-sized grants|
|Yes||No||We are the prime recipient of one or more grants and are responsible for reporting on subrecipient performance|
|Yes||No||We receive Federal funds and need to remain compliant with new regulations, including the DATA Act, OMB Uniform Grants Guidance, and the GREAT Act.|
|Yes||No||We are managing, or are planning to manage, COVID-19 recovery funding|
|Yes||No||Multiple departments within our organization submit grant reporting data to our development office for inclusion in performance reports|
|Yes||No||We are unable to provide financial or non-financial data to support program performance to grantors|
|Yes||No||Grants have not been renewed due to our organization’s inability to properly report on performance|
|Yes||No||Lost drawdown has cost our organization awarded funds|
|Yes||No||We failed to perform well in an audit or a subrecipient risk assessment|
|Yes||No||Grant manager(s) and/or members of the grants team do not feel they have enough time to devote to managing awards|
|Yes||No||Our team is stretched thin and has limited time to pursue new funding opportunities|
|Yes||No||We have not applied for awards that could have been beneficial because we were not confident that we could manage the compliance and reporting requirements|
|Yes||No||We use Excel, Word and other software tools together to manage the pre-and-post-award process|
|Yes||No||We frequently miss deadlines associated with grant activity|
|Yes||No||If we experienced turnover in the organization, we would be unable to easily pick up where the former team member left off|
|Yes||No||Grant information is siloed among key personnel with no central repository or management process|
If you answered “yes” to three of the above items or more, a grant management system designed with compliance requirements in mind can help provide the tools needed to properly distribute and manage your grants at a reasonable cost without needing custom development. An off-the-shelf solution will reduce the time you will need to devote to implementation so you can get started right away.
As your grant management partner, AmpliFund can provide numerous tools, resources, and expertise to ensure your team has the knowledge to successfully understand and carry out processes that drive improved outcomes, and we will be there to help long after implementation is complete.
Check out our ROI Calculator.
Topics: Drive Best Practices