Implementing a new system often comes with upfront costs that can make organisations hesitant to take the plunge – but the long-term impact of grant management software makes it a worthwhile investment.
This article focuses on how Flexigrant delivers long-term value by enhancing productivity, improving grant success rates, supporting better decision-making, and providing scalability for future growth.
Every investment starts with a cost and implementing grant management software is no different. Costs can include:
Of course, it’s essential to view these costs in light of the long-term benefits we’ll now discuss, which quickly offset the initial investment.
One of the primary ways our grant management system delivers value is through efficiency improvements. Manual funding management processes are labour-intensive, repetitive, and prone to human error. From creating and processing applications to tracking multiple deadlines, these tasks often consume a considerable amount of time.
Flexigrant streamlines the tasks involved, reducing admin and allowing staff to focus on higher-value activities like building relationships with grant makers and improving programme outcomes.
Our cloud grant management software offers many features for streamlining repetitive tasks, including:
Our grant management platform enhances workflow efficiency through:
Flexigrant facilitates straightforward communication by providing making it easy to contact applicants and other stakeholders from one centralised platform.
Errors in the grantmaking process can lead to penalties, lost funding opportunities, and wasted time. Flexigrant helps mitigate these risks by standardising processes and maintaining accurate records throughout the grant lifecycle.
Competition for grant funding is often fierce, and missed deadlines or incomplete applications can derail even the most promising proposals. Flexigrant provides tools that streamline the application process and enhance the likelihood of successful grant outcomes. Here’s how.
Grant applications often require collaboration between various departments, from finance to programme management. Our software provides a centralised platform where all relevant documents, communications, and updates can be easily accessed by authorised staff. This reduces the chance of miscommunication or missing information, resulting in more complete and refined applications.
Data-driven decision making is critical to the success of any organisation today. As such, the best grant tracking software includes robust analytics and reporting tools that provide organisations with the data they need to make better decisions.
Our software tracks the performance of all active grants, providing detailed reports on expenditures, programme outcomes, and compliance. This information allows organisations to assess the ongoing effectiveness of their programmes and make timely adjustments.
Funders increasingly require organisations to demonstrate the impact of their programmes. Flexigrant includes tools that track programme outcomes, making it easier to report on the effectiveness of initiatives – and this improves relationships among stakeholders and increases the likelihood of securing future grants.
Flexigrant also supports Equity, Diversity, and Inclusion initiatives by capturing anonymous EDI data in a secure manner that’s aligned with GDPR standards. This enables the analysis of Flexigrant user demographics and the tracking of targets relating to EDI.
As organisations grow, their grant management needs become more complex. What starts as a handful of applications can quickly developed into a fully-fledged grant portfolio, requiring sophisticated management tools.
Online grant management software must be able to scale to meet these growing needs. Thankfully, Flexigrant is designed with scalability in mind, making it an ideal solution for organisations with growth ambitions. Here’s how it supports such plans:
The initial investment in grant management software may seem high but the long-term ROI is undeniable. From cost savings and increased productivity to higher grant success rates and better decision-making, Flexigrant delivers value that far exceeds its initial cost. And its scalability ensures that it will continue to provide long-term benefits as organisations grow.
To learn more about how we can help you achieve long-term success, contact us today to request a demo – or about any other enquiries.