Choosing a new software for managing funds is often a long and time-consuming process. Because a failed software application could waste time and money, it is important to pick the right vendor and grant management system the first time.
When picking a top grant management software provider, you should consider how long the vendor has been in the grants management business, how well the software can handle the whole lifecycle of your grants, and how flexible the platform is.
Ability
Providers also need to look at what the different grant management tools can do. If your organization needs to send out a Request for Proposal for grant management software, you might find it helpful to see demos of different goods first. No matter what method you use to ask for product demonstrations, this will help you figure out how good each offer really is. This will give you the information you need to write an RFP that lets the sellers see exactly what you need and how they can meet it.
Flexibility
Flexibility is one of the most important things to look for in a new grants management tool. Some vendors sell off-the-shelf systems that don’t need to be configured or customized. This means that the system your agency buys will be very similar to the system that another agency across the country gets. The top grant management software supports both the templated method and a core platform that can be set up to fit your needs exactly.
