Grants Management

Introduction

Grants Management (GM) allows an organization to track projects from initial proposal to the closure of a grant. Grant Management can be divided into cycles of a grant’s life: the proposal, budget preparation, award/cost share activity, sponsor billing, grant reporting, and grant closure.

Features

• Track projects from the initial proposal to closing using the BusinessPlus Grants Management system. Grants Management can be divided into the grant life cycles, such as the proposal, project, award, budgeting and cost sharing projections, sponsor billing, memo and reporting needs, and grant closure.
• Handle all grant information updates interactively. Maintain a chronological log of all desired grant entries and/or changes. Track and report flow through grant activity.
• Automatically create and validate Job Ledger Chart of Accounts. Create a fail-safe audit trail of all entries posted to the General Ledger and Accounts Receivable systems. Support annual and multi-year budget entry to be interfaced to the BusinessPlus General Ledger.
• Define all entries to the General Ledger and Accounts Receivable at the time of installation.
• Access to information is straightforward and easy. The Grants Management system includes standard reports and immediate online inquiry to any data in the system. Security-protected reports can be run at the user's networked computer or via the Internet from any Web browser.

Concept Topics

There are six major processes that take place in the Grants Management module:

1. Proposal/Project Process
2. Award Process
3. Establish General Ledger Relationship Process (Budget Preparation)
4. Accounts Receivable Billing Process
5. Report Designation Process
6. Grant Closure Process