Here are my top dos and don'ts from our experience and that of our customers:
- Whether you are a grantor or a grantee, don't develop a new system for every program. When a new program is created, it may seem simpler to start from scratch and spin up a new system in order to avoid changes to your existing system. This approach is an easy trap to fall into, but later you will end up with multiple systems which separately need to be maintained, upgraded, and enhanced. Creating reports that combine data from multiple systems is needlessly difficult compared to using a centralized, integrated approach from the beginning.
- Consider your enterprise architecture.
- Do include the entire grants management lifecycle in your system. A typical grant has phases such as pre-award, award, post-award, closeout, and post-closeout. Even if you start by emphasizing only some of these phases, try to make your system encompass them all. Over time you can add enhancements to flesh out the phases through which your grant progresses.
- Keep up with security and software versions. In order to maintain a secure system, you must keep pace with releases and patches issued by your software vendor. To allow yourself to slip one or two versions behind is an invitation to a lapse in security compliance.
- Consider cloud deployment. Most customers embarking on a new grant management system project will choose cloud deployment, but even those whose systems are deployed on premises today can consider hybrid cloud solutions for failover and disaster recovery. Going with a cloud vendor is one of the most painless approaches to maintaining security compliance, especially to keep pace with U.S. government standards such as FISMA and FedRAMP.
- Add analytics to your solution. Most grant management systems offer standard reports and reporting tools. Consider analytics products that can go deeper than most reports and identify patterns, offer visualization, and integrate with geographical data when appropriate.
- Catch fraud and errors early. As you develop or maintain your grant management system, tighten audits and controls that will help you spot erroneous payment requests and flag grant ineligibility as early as possible. Our customers have saved many times the cost of their grant management software by stopping fraud and errors.
For more information on grant management and Microsoft Grants Manager Plus, see my posts:
5 Ways to Ensure Compliance with Your Grant Management System
6 Things to Look for in Grant Management Software
Estimating the Cost of a Microsoft Grants Manager Plus Implementation
Extending Grants Manager Plus
Flexible Grant Management Software: Long Term Considerations
Grant Management for Community Development Block Grants (CDBG)
Grant Management Portal: What to Include
Grant Management with FedRAMP Certification: Microsoft Dynamics 365
Grants Manager Plus: Theme and Variations
InfoStrat Grants Manager Plus Review on FinanceOnline
InfoStrat Releases New Version of Grants Manager Plus
InfoStrat Releases New Videos on Grants Manager Plus
Microsoft Grants Manager Plus
Microsoft Grants Manager Plus Frequently Asked Questions (FAQ)
Online Resources for Microsoft Grants Manager Plus
Portal Options for Microsoft Grants Manager
Statewide Grant Management Systems
The DATA Act Driving Grant Management Automation
The Story of InfoStrat and Grant Management
Usage Scenarios for Microsoft Grants Manager
User Stories for Grants Manager Plus
Understanding Budget, Payments and Milestones in Grants Manager Plus
Understanding Grant Management Data: CDBG-DR Programs
Understanding Programs in Grants Manager Plus