Transportation Grant Management Solution

Grant Management Software for Transportation Agencies

While grants play a significant role in improving transportation avenues, their management can be challenging for organizations to undertake. Some of the most common obstacles transportation departments face when managing their grants include:

• Lack of time: Your transportation agency likely handles many vital responsibilities each day, dedicating most of its time and energy to these tasks. With so many duties, there’s often little time left for adequate grant management. 
• Multiple portfolio locations: Grant portfolios contain many disparate components that must be compiled in a centralized environment. If you use more than one portfolio location, you risk creating considerable tracking and management inefficiencies. 
• Insufficient internal controls: Transportation agencies with numerous members, departments and subrecipients often lack the internal controls to manage their grants as efficiently as needed.
• Outdated legacy systems: Using obsolete legacy systems for grant management means your platform may not have the capabilities required to handle the full extent of your reporting needs. 
• Lack of visibility: It’s important to have complete visibility into your grants’ return on investment (ROI). Otherwise, it can be challenging to determine their overall performance accurately. 
• Inefficient record-keeping: Though many organizations use a combination of paper and digital recording systems for their grant information, these record-keeping strategies can result in data tracing inefficiencies. 
• Regulatory compliance: All transportation agencies must adhere to regulatory standards when managing grants. These provisions change frequently, making compliance more challenging to achieve and maintain. 
• Poor communication: If miscommunications occur between your internal and external parties, you may experience data inconsistencies. 

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