You've been dreaming of ways to not perish in the hyper-competitive fight for grant dollars and have considered incorporating a grants management software system into your grant active organization. But why should you make this investment? By understanding the following 10 key reasons, you will no longer have to say "What if I could…?"
1. Old Ways of Doing Grants are Dead: It's simple, those that innovate win. Grant active organizations that innovate and use the best available technologies to research and apply for grants win.
2. Find Grants Easily: Grants are hard to find using traditional methods. You need a system that makes it easy. A grants management software system provides extensive visibility to available grant funding dollars with a comprehensive database of Federal, State, and Foundation grants that represent billions of dollars in funding.
3. Make Grants Easy to Analyze and Understand: Analyzing grants to understand eligibility, award, application, compliance, and other key aspects is time consuming and difficult. A grants management software system not only streamlines the grant dollar discovery process and reduces research time by 80%-90%, but it also provides tens of thousands of annual hours of expert analysis, summarization, and indexing of grant programs.
4. Keep Up-to-Date with Changes to Grants: Application dates, amounts, eligibility requirements, etc., all may change from the initial publication of a grant. A grants management software system ensures early warning and timely response to relevant grant opportunities with advanced search, results filtering capabilities, and configurable real-time email alerts.
5. Provide Visibility to Your Organization's Grant Activities: A grants management software system provides leadership with the information needed to optimize your grant management investment with a real-time grants management scorecard of key performance indicators (KPIs).
6. Coordinate Cross-Departmental Grant Activities: For most organizations, it is difficult, if not impossible, to coordinate grant efforts across departments and with outside key stakeholders. Many times, this results in grant conflicts, wasted efforts, and lackluster performance. A grants management software system saves time, money, and frustration associated with manual processing of previously uncoordinated cross-departmental tasks and provides a centralized administration and a life-cycle view of activity from research and reward to compliance and audit.
7. Align Grant Activities with Your Organization's Goals: It's tough to meet your strategic goals when you lack visibility and the ability to track who is doing what in your grants organization. The result? Grant activities that are miss-aligned with your strategic pursuits. A grants management software system ensures visibility, accountability, and alignment of grant activity relative to organizational priorities with reliable tracking of grant and project financials, goals, and performance metrics.
8. Keep the Money You are Awarded: The real work starts after you win a grant. You must ensure that you are meeting all project and compliance deadlines. If you don't, you face the reality of leaving grant money "on the table." A grants management software system eliminates the financial risk of not meeting all application, project, reporting, and reimbursement deadlines.
9. Build a Winning Grants Infrastructure: To win at the game of grants, you must have a winning team and an efficient supporting infrastructure. The challenge today is that, unless your organization is already built and running on all cylinders, you have to work quickly to win in today's hyper-competitive environment. A grants management software system builds organizational competency and grant management process maturity through a collection of tools, resources, trainings, and publications.
10. Maintain and Enhance Grants Personnel's Professional Competencies: From the grants rookie to the most experience grants staffer, everyone benefits from a solid education. A grants management software system enables grants professionals to come up to speed quickly on key issues and hone their individual skills.
Download the Top 10 Reasons to Have a Research & Grants Management Software System.
