Grant management software helps organizations manage grants more effectively. Many grant management companies offer their services to organizations, making it challenging to narrow down options. With the right preparation and research, you can find the best grant partners for your organization.
Grant management software streamlines every step of grant processing, from the initial application to tracking spending. The systems use application templates, data reports and user-friendly dashboards to organize grant information. The technology keeps all your grant data in one centralized location, making it easier to manage applications and view updates.
The right grant application management software benefits organizations in many ways, including:
Grant management requires many administrative tasks. Manual and repetitive tasks are time-consuming for organizations and often slow productivity. Filling out grant applications requires workers to gather large amounts of data, which can take significant time.
Grant management software streamlines these workflows, letting your organization work more efficiently. It saves time with features like:
You can also automate grant management on other levels, creating a comprehensive solution. Instead of spending extra time gathering and formatting information, workers can focus on higher-value tasks.
A grant funding solution also improves visibility across your organization. With all your grant data in a centralized, organized location, you can quickly retrieve and apply information to various tasks. All authorized users, such as employees and recipients, can view real-time grant activity. Everyone accesses the same data, increasing accuracy across different departments.
Internal transparency helps you identify inefficiencies within your workflows. For instance, you might have duplicate steps that occur because of miscommunications or inaccurate information. If workers retrieve data from disparate applications, it increases the chances of errors. Creating a centralized hub for grant details makes the details more accessible and accurate for everyone.
Grant management software can also make it easier to find funding opportunities. Many options feature searchable databases that contain comprehensive lists of available grant funds. Advanced databases can alert you of new grant opportunities, preventing you from manual searches.
You can sort options according to your industry, desired funding amount or other details. Your software also makes the application process easier by storing your organizational details. You can quickly apply to opportunities with autofill features and other streamlined tools. The streamlined process lets you apply for more grant opportunities in less time.
You need a vendor that provides sufficient support to gain the full benefits of grant management software. Some providers offer stellar features and ongoing support, making them feel more like partners than vendors.
As you search for a software vendor, you might wonder how to narrow down available options. Here are four steps to help you find the best grant management software:
Before investing, consider your goals for the change and your available budget. Think about why you want a new software partner. For instance, you might want to update an outdated system or address a specific inefficiency within your workflows. List the specific ways new software could help you reach these goals. For instance, it might contain automated features that resolve your most significant inefficiencies.
Identifying your goals helps you look for particular features during your search. You can look for software partners that align with your goals. That way, you make the most of your partnership.
In addition, you should outline a budget before starting your search. Costs can vary depending on organizational size, number of features and other traits. By setting up a price limit beforehand, you can find solutions that meet your needs and fit within your price range.
After you have goals and a budget in mind, you can research providers that meet those needs. Client testimonials are an excellent source for your research. They provide an unfiltered look into the software provider’s efficiency, support and other crucial traits.
You can find testimonials from many sources, including:
Testimonials should help you narrow down vendors to a smaller list. To find the best fit, compare the options based on their available features. Providers should explain their software’s capabilities and how it benefits your organization. Many organizations request demos from vendors to view firsthand how the software would function for their needs. Make sure the vendor offers features that match your initial goals.
While you explore the software, you can also look for traits like:
You can observe the vendor’s behavior during the demo process. It’s best to find a provider that you can see yourself working with closely. Use every interaction to see how they treat you and your team. The best providers are:
In addition, ask about the vendor’s customer support offerings. Determine whether they provide support after the initial implementation and training phases. The more support you have, the easier your transition becomes.
The right grant management software provider makes your transition seamless. If you’re seeking a high-quality grant management solution, choose IGX Solutions.
Our IntelliGrants IGX® software strengthens and streamlines your grant processes. Features like intuitive navigation, status tracking, personalized data collection and integration capabilities improve your grant management on all levels. We help you configure the software to meet your needs, allowing optimal benefits.
To get started with IGX Solutions, book a demo today.