Federal grants can be much more complex than foundation or corporate grants. Like just about any task involving the government, there are many steps and a lot of red tape involved in grants management when it comes to federal grant funds. Here’s a look at how you can best manage your federal grants.
-
Define and manage compliance guidelines. Make sure that all the regulations and requirements that go into securing a federal grant are being met. Create a complete checklist of all the requirements that are needed so that grantees will easily be able to manage this step.
-
Set clear deadlines. With all the paperwork and information that is needed in order to secure a government grant, setting clear deadlines for potential grant awardees is important to help them through the often arduous process.
-
Supply easy access to forms and materials. Making sure that grantees have the ability to access forms and obtain any documents that are needed to complete the grant process will save everyone time. An online grant management system can create an environment of collaboration that will help the potential grantees access everything they need with minimal stress.
-
Create an environment for easy communication. Applying for grants can be a confusing process, supply a means for grantees to contact your organization.
-
Automate redundant tasks. With all the forms and paperwork being submitted in the application process, redundant tasks can become overwhelming. Automating tasks that don’t require supervision can save you time and allow you to focus more of your efforts on the grantees applying for grant funds.
-
Create meaningful financial reports. Managing the funds and tracking progress of funds awarded is a big task, while communicating the financial obligations throughout your organization and to the grantees can get confusing. Create a system that allows for simple transfer of knowledge allowing all involved to always be on the same page.
The Right Questions to Ask
-
Do you need help automating redundant tasks that take time away from focusing on the grantees seeking grant funding?
-
Are you looking for a grant management system that will allow for greater communication within your organization and with grantees?
-
Do you need help defining and managing compliance standards and monitoring federal regulations and requirements?
-
Are you looking for a way to clearly communicate deadlines to grantees seeking grant funding?
-
Do you need help with organizing and supplying forms and materials to grantees?
If you answered “yes” to any of these questions, then simply contact us today to see how grants management software for government can help you manage federal grants faster, simpler, and with fewer headaches.
