A Guide to Today's Grants Management Solutions

A Guide to Today’s Grants Management Solutions

In this digital era, organizations are looking for enterprise technology solutions that are easy to use and enable stakeholders to complete tasks faster. The same principle applies to grant management solutions.

When you checkout the market for an ideal grant management platform, you will come across many – from simple to complex. So, how can you find the right system for your enterprise that can power grant management activities for years to come? Read on to find out!

Have a Look at the Grant Management Solutions Landscape

When it comes to grant management software systems, you will find three types of offerings namely:

1. The Simple Online Solutions

PDF applications and spreadsheets are becoming obsolete due to the emergence of online tools. Although these applications are not specifically developed for grant management, they offer intuitive features that can be seamlessly used to manage grants.

Some of the common online grant management solutions include customer relationship management (CRM), online application forms or cloud-based collaboration tools. Now, you might think that these basic tools are capable of handling the entire grant management lifecycle. But, this is where you might be wrong. These types of grant management technology solutions are ideal for small organizations that have a lower budget and want to use these simple tools as a temporary fix.

Advantages of Simple tools:

  • Cost-effective or sometimes free of cost!
  • Easy to use & easy to deploy
  • No need for specialized IT personnel or infrastructure

Disadvantages of Simple tools:

  • It isn’t a complete package for large organizations
  • May support a basic review process
  • Reporting abilities are limited
  • Customization capabilities are limited

2. Customized Enterprise Technology Solutions

As the name implies these enterprise solutions are completely opposite to the simple tools mentioned above. These personalized applications are primarily developed for grant management activities.

These sophisticated systems can seamlessly:

  • handle the entire lifecycle of grant management
  • Integrate with existing systems/tools
  • Offer complete personalization according to business requirements

However, developing these systems might require huge capital and additional resources unless you opt for a No Code Application Development Platform.

Advantages:

  • A one-stop-shop solution for grant management lifecycle
  • Perfect for organizations who have varied business requirements
  • Full customization capabilities

Disadvantages:

  • Higher costs
  • Deploying these solutions will be lengthy& cumbersome
  • Additional IT infrastructure/support may be required

3. All-in-One Platforms

There are a few systems out there that combine the best of Simple and Custom Enterprise Grant Solutions. These are called All-in-One Platforms.

These one-stop-shop platforms can easily manage the entire grant lifecycle at a lower cost when compared to custom enterprise solutions.

These Grant Management Platforms (Web &Mobile Apps) are based on No-Code Platforms. This means you don’t need to write a single line of code to build or deploy your grant management application.

Instead, you leverage intuitive features like the drag & drop builder, unlimited editing, pre-built templates and design elements to seamlessly build a personalized grant management solution in minutes. These platforms also offer a great level of customization when it comes to forms, workflows, UI/UX and other design elements.

So, do you realize what this means?

  • You get the best of both worlds (simple & custom enterprise solutions) at an affordable cost with great flexibility and an easy-to-use interface.
  • You don’t need to modify your existing process as most of the features in your grant management solution can be customized as per business needs.
  • Integration is as easy as ordering a pizza.
  • Most of the data storage and management is done via the cloud. So, you don’t need to set up any additional infrastructure or hire specialized personnel.

Evaluate these while choosing Grant Management Solutions

  • Ease of Use

Why complicate your development process when you can simplify it? Choose a grant management platform that is not too complex, offers great customization capabilities and is not too heavy on the pocket.

  • Flexibility

If your organization’s internal processes are complex and have specialized reporting needs then you need to check a wide range of platforms. Ask questions or set a demo with the grant management solutions provider to get a clear understanding of the platform before you get it for your organization.

  • Integrations

Have a lot of existing systems in your enterprise and can’t dispose of them off because they are an integral part of your business processes? Then choose a platform that offers simple and quick integrations.

  • Deployment

Deploying a grant management solution should be as easy as possible. If not then you can run into hurdles and this will result in unnecessary bottlenecks for all your stakeholders.

  • Support

Simply purchasing a subscription for a grant management platform isn’t sufficient. You also need to check if the third-party service provider offers robust support and guidance.

These are a few things that you should look for before choosing the right grant management software system for your organization.