Education institutions are responsible for providing policy and procedural frameworks for the distribution of grant funding. As grants are typically from sponsoring or donating entities, such as government agencies, there is an urgent need to ensure the stringent standards of accounting and audit standards are applied.
Goals and Objectives
Increasingly, institutions are looking to improve grant efficiency through reducing the time and effort to apply for and administer grant; mitigating fraud and error in disbursements; making disbursement more aligned to the institution’s directives; improving performance tracking; and ensuring visibility and accountability of outcomes.
AI, analytics, and cloud-based grant management software
Use Case Summary
Good grant management is efficient, moving from paper based to digital processes; effective and compliant; and flexible to respond to changing and diverse requirements, supporting clear and timely reporting to funders, partners, stakeholders, grant seekers, and grant recipients.