Whether you are an already established grant provider or just beginning, developing a plan is essential. This will help you accept ongoing applications, review them, and determine those that will be getting the funds. Here’s more on the grant management process.
Define Your Grant Guidelines
With the help of grant application management software, your organization should clearly state the eligible criteria, the timeline, and all other useful requirements that the grantees must meet to receive the funds. This is where you include all the necessary details, scope, eligibility, terms and conditions, and purpose.
Be Clear With Your Deadlines
Make it clear what your deadlines are to the grantees. This will help them know when to apply and submit the application. Also, it will guide them on when to complete the phases involved in the grant process.
Announce The Program
It’s time to announce it to the public so those interested can start their application process.
Make The Application And Submissions Effortless
This is where the grantees come in; after announcing the opportunity, the interested applicants will fill out the application forms and submit them. With the help of grant application management software, you can simplify this process. Moreover, you can request and manage all the grantees’ editorial information when needed. Also, ensure there is efficient communication with the applicants.
Reviewing And Shortlisting
Assess the applications and determine who meets the requirements against the funding objectives. Then, shortlist the applications that align with your organization’s funding goals for funding.
Notification And Funding
Now, take the time to notify the shortlisted candidates. You can make this step simple by using the grant application software through the automation of repetitive tasks. After notification, start the funding process and distribute the funds.
The Grant management process can be seamless once you master and understand all these steps and follow all the necessary guidelines. Remember, with the help of grant management software, you can automate some processes for efficiency and to save time.
