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The Future of Funding: Nonprofit Grant Management Software Trends

Nonprofit Tech for Good

As a nonprofit organization, securing funding is essential to fulfilling your mission and driving meaningful change in your community. However, managing grants efficiently and effectively can often be a daunting task, requiring meticulous attention to detail, rigorous compliance measures, and streamlined processes.

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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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Fund Accounting Software: 5 Things You Need to Know

NonProfit PRO

Download this fund accounting software guide to understand key core functionality; like GL, budgeting, fund tracking, grant administration, AP, AR, reporting, etc., Use it as an explainer for navigating the features, implementation process, and ways to get the most out of fund accounting software long-term.

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10 Tips for Better Grant Management Processes

sgEngage

While grant funding may not require the continual stewardship efforts and nurturing of traditional donor-led funding, it often presents its own challenges: extensive reporting mandates, a list of requirements to qualify for funding, and the possibility of mission creep to meet those requirements. Focus on the why.

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How to Streamline Your Grant Management Process with Technology

sgEngage

Receiving requests for funding can be both a crucial and frustrating part of being a grantmaking organization. You want applications from organizations that align to your mission, but the frequency of the requests can easily bog down your processes if you aren’t careful. Teams can even build statuses that are specific to grant types.

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Is your nonprofit organization ‘grant-ready’? 

Candid

Foundation grants can be one of several revenue streams in a nonprofit organization’s sustainable fundraising plan. In 2022, foundation funding accounted for about $105.21 As a share of all revenue streams, including government funding, program revenue, and investment income, foundation and corporate grants made up 15.3%.

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5 Ways Fund Accounting Simplifies Financial Reporting for Community Health Centers

sgEngage

With multiple points of accountability and dynamic funding sources, accounting professionals in community health centers face complex challenges. Approval workflows that automatically enforce compliance Grants are the backbone of many community health centers. And with that form of funding comes significant compliance requirements.

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