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13 ways a good grant management solution can help you

by Optimy

Corporations all around the globe have been stepping up into a transformative role in society. After all, just writing a check for a good cause is not enough anymore.

Having a good grant management solution is now a must have to push further impact projects. Such an act of rethinking their role in today's world leads organizations to create corporate foundations.

These foundations have transformed into strategic and impactful drivers of social change in the past years, and its importance is relevant now in 2021 more than ever. Yet, corporate foundations have many challenges to overcome, and technology can be a big ally in doing so.  

Since you might still doubt exactly how your corporate foundation can benefit from a grant management software, we thought we'd make it clearer for you. So, here we go.

13 ways a good grant management solution can help you.

Online Submission Platform: Flexible and customizable submission platform to digitally collect applications.

Smart forms: Questionnaires that can be divided into several parts, so grant seekers get different questions depending on their previous answers.

Automatic filtering and scoring: Automating the process of reviewing applications is important to be able to save time and focus on applications that match your criteria.

Data Import: A good grant management tool allows you to import previous data into the platform, such as contacts, requests, and Excel files.

Friendly Dashboard: An interactive and easy-to-use interface to easily find the essential information at first glance.

Contact management: Life is easier when you can centralize, organize, and manage all contact in one place; thus, your CSR tool should allow you to do so.

Automatic answer: Sending a manual message to every applicant can be tiring. A good grant management solution should allow you to automatically send replies to the grant seekers that don't meet your criteria.

Team Management: You can increase your efficiency by creating different team roles and delegating responsibilities to each of them.

Automated workflows: Design and set up automated workflows to organize the follow-up of your projects. This feature can also be useful to automatically create tasks for team members.

Budget tracking: Staying on top of your outcomes and maintaining control of your expenses is for sure important when managing grant-making projects. With this functionality, you can overview how much money has been allocated for each project and make sure you are within your budget.

Payment schedule: Keeping up with payments of your grant-making activities can be tricky. But the process can be painless with a good grant management software. This feature allows you to manage and keep track of all your payments easily.

Charts: It is important to make all the data inside of the tool understandable. The charts feature can help make your report more data-driven but still quick to read and understand.

Data export: Not all people involved in your grant-making workflow will be using the grant management software. So it is vital to being able to download and share documents with non-users, such as board members and externals.

Wondering how this works in the real world? We'd love to show you how these functionalities help grantmakers in Optimy. Let's continue the conversation.