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The Future of Funding: Nonprofit Grant Management Software Trends

Nonprofit Tech for Good

However, managing grants efficiently and effectively can often be a daunting task, requiring meticulous attention to detail, rigorous compliance measures, and streamlined processes. That’s where nonprofit grant management software comes in. It’s like a helpful program that makes managing grants easier.

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How to Minimize Risk Throughout Your Grant Cycle

sgEngage

But on occasion, a person will make a mistake or doesn’t follow the restrictions for the grant. To mitigate risk throughout your grant cycle, you need to know your grantees through relationships and documentation, support their internal controls, and set up a process for whistleblower complaints.

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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

sgEngage

You’ve been grant shopping for some time now, but are you prepared for what’s next once you start to receive them? Many grants come with significant—and detailed—compliance requirements. If you are a grant-funded organization, it will be important to manage spending restrictions and meet reporting requirements.

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Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System?

sgEngage

Grant-funded nonprofits know compliance isn’t a nice-to-have. You might be able to win back an unhappy donor with a new program or event, but grant funders usually don’t get excited about silent auctions. When your accounting system is not built to handle restricted funding , each report can feel like a fire drill.

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How to Streamline Your Grant Management Process with Technology

sgEngage

To avoid overwhelming your team, standardize how you receive and process grant applications at your organization. Having a predictable and consistent grant cycle will ensure your team members are able to evaluate each request efficiently and effectively. Teams can even build statuses that are specific to grant types.

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What is Grant Management?

sgEngage

Grant management is the comprehensive process of overseeing all activities related to grants: from identifying recipients, to awarding funds, to reporting on outcomes all while maintaining compliance with regulatory requirements. Table of Contents Grant Lifecycle Who Handles Grant Management for Grantmaking Organizations?

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How to Set Up Your Nonprofit Accounting System RIGHT So it Helps You Grow

Get Fully Funded

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. Most people who start or lead nonprofits aren’t numbers people.

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