What is Grant Management Software?

Definition of Grant Management Software

Grant Management software enables users to automate and manage grant processes. It is often used as a web-based cloud service and helps grant managers handle grant-related tasks easily. They are widely present as a hosted service that requires little or no support. Grant management software enables nonprofit organizations and universities etc. to keep their records organized and secure.

Brief Description of Grant Management Software

Grant management software enables universities and nonprofit organizations and grant managers to automate their grant related processes via a web based cloud software that has the capability to plan the budget, peer collaboration, proposal submission, project tracking etc. The following are some of the features the web based features allow all partners to access tools and information. It provides an increase in the funding by organizing and making the organization more efficient for the financial partners. It streamlines the front-end and back-end processes. It eliminates costs attached to mailing, manpower and paper supplies through automated systems. The grant management software enables users to present the facts and figures through charts and demonstrate them visually or in illustrated form to justify and analyze progress. It also addresses confidentiality of data and allows only authorized users to view and access information. GIFTS, WebGrants, Grantium, and QuickBase etc. are examples of some grant management software.