No matter if you are a granter wanting to track and monitor your grantee or a recipient wanting to impress and strengthen your relationship with your donor, going digital is the right way. To do so, reading this article and getting yourself familiar with robust grant management software is the first step. Securing your very own software is the next. That said, choose yours out of the best performing digital solutions here.
10+ Grant Management Software
4. Fundly CRM
8. Denali Fund
What Is Grant Management Software?
Grant management software is a digital solution that helps organizations and individuals with handling grant-related operations. It digitizes the processes and integrates them in a centralized interface allowing its users to control them using desktop computers, laptops, and other preferred digital devices such as smartphones. This software provides digital tools for helping both grantmakers and grant seekers. With it, you can also access a database for keeping electronic documents and other essential data.
In addition, it has CRM software functionalities and messaging platforms to help both parties connect better. Capabilities for budget tracking and document management are also accessible in most grant management solutions.
With this technology, you can process documents and track the statuses of proposals in real-time. Also, it helps keep your transactions paperless and eliminates the need for managing processes manually. In addition, with this software, you can find more opportunities and minimize the necessary effort to complete complicated grant management tasks.
Varying individuals have distinct grant management needs. That is why, when deciding on which software to utilize, you need to study your options meticulously. In the software market, there are plenty of grant management solutions. They have different compatibility with varying digital devices and business sizes. That said, to single out the software that can help you the most, you should filter out your choices while considering the essential factors. The following is a list of factors that an ideal grant management software should have:
- Automated relationship management tools
- Proposal management functionalities
- Document management features
- Compliance management capabilities
- Grant lifecycle management tools
- Grant discovery functionalities
- Award tracking features
Top 10 Grant Management Software
This grant management solution has contract management and grants discovery functionalities. Its developer, Foundant Technologies, has 197 employees and has 28.6 million dollars in revenue.
DonorPerfect provides its users with capabilities for email marketing and donor discovery. They have employed 150 people and have generated a revenue of 21.4 million dollars.
Tools for applicant management and awards management are examples of features in Submittable. They have generated a revenue of 15.4 million dollars and have 112 people working for them.
Salsa is a grants management for nonprofits with fundraising management and event management tools. Its developer, EveryAction, has 14.4 million dollars in revenue and has 99 people working for them.
With this software, you can access application management and compliance tracking tools. They have a generated revenue of 14.4 million dollars and have employed 99 people.
6. Denali Fund
Denali Fund is a fund accounting software that has asset tracking and donor management features. Its developer, Cougar Mountain Software, has 10.8 million dollars in revenue and has 66 employees.
7. Fundly CRM
This donation management software has functionalities for campaign management and donation tracking. Its developer, Lumaverse Technologies, has 34 employees and has over 5 million dollars in revenue.
Grant reporting and intelligent matching capabilities are accessible in this grant management solution for nonprofits. They have 11 employees in their team and have 1.6 million dollars in revenue.
With this collaboration software, you can use milestone tracking and budget management features. They have 12 people in their team and have a revenue of 1 million dollars.
When you use this digital solution, you can utilize budget tracking and due date tracking capabilities. They have three people working for them and have 400 thousand dollars in revenue.
What are the phases of the grant management cycle for grantmakers?
You can divide the phases of the grant management cycle into three categories, with each of them encompassing multiple activities. The first one is the pre-award stage. It involves undergoing strategic planning for developing implementations strategies and reviewing applications received. Next is the award process, where the grantmakers announce the recipients, finalize agreements, and disburse funds. Analyzing data analytics and generating reports happen in the post-award phase.
What is the role of CRM software in grant management?
To achieve the results you desire in your grant management activities, the practice of customer relationship management plays a crucial role. Effective CRM further establishes the relationship of both parties. It collects data and measures metrics for helping you generate data-driven decisions. That is why most grant management solutions provide features for integrating with CRM software.
What are tips to ensure successful grant management for grant seekers?
First of all, you should ensure that the grant you are pursuing or planning to pursue aligns with the mission and purpose of your organization. Also, consider utilizing digital solutions for generating and processing your grant proposals. Another tip is to create a checklist of things you need to do and mark important dates in your calendar.
With modern solutions nowadays, the means and methodologies for grant management have changed drastically. With the appropriate digital solutions at your disposal, grant recipients and funders can now track and access data they want in real-time, which helps in fostering more trust by increasing transparency. That said, download and start getting familiar with the best grant management software for you as early as now.
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