To be useful, grant management software must have compliance features. All of the best tools will include these compliance features in some form. But it’s up to you to choose the tool that works best for your needs.
Why Compliance Features Are Necessary
When managing a grant, it is very important to follow the terms set by the grantor. There are grantors who are very strict about how you use the money and how you report on it. The best grant management software for nonprofits will have compliance features like monitoring, progress trackers, and alerts that let you know when deadlines are coming up.
Staying in line with the rules is much easier with these features. This lets you keep your nonprofit’s image while attracting new partnerships and more investment from your funders and stakeholders.
Where Can I Find Grant Management Tools With Compliance Features?
As was mentioned previously, the best grant management tools for nonprofits will all have built-in ways to help you follow the rules set by the donor. The other features of each software solution should be compared to the ones listed above to find the one that best meets your nonprofit’s needs.
1. WizeHive
The WizeHive software for managing grants is a cloud-based, all-in-one solution for handling fellowships, awards, and grants. It can be changed to fit different funding programs. WizeHive is a grant management tool designed for nonprofits, allowing it to grow alongside them by integrating with various other systems.
The solution offers extensive automation features. It can handle jobs and set different deadlines for them, such as tracking compliance and making reports. WizeHive has clear audit trails and strong data security through privacy settings and controls. It also speeds up your work so you don’t have to spend as much time on routine tasks.
Key Features
- Robust automation
- Customizable reporting, reviews and grant applications
- Integration with many nonprofit solutions
- Easy collaboration between administrators, applicants and reviewers
- Compliance-friendly through strong audit trails
2. AmpliFund
Like the others, Amplifund is a full-cycle grant management solution that can deal with both short-term and long-term grants from the government. Trackable compliance features, a range of financial management tools, and a customizable efficiency function make it easier to be open and in charge.
You can run real-time success measures with configurable dashboards to ensure you are meeting the requirements of your funder.
To help you reach your full potential, Amplifund places a high priority on customer service.
Amplifund offers a solution to keep you informed about the state of your grant with a reporting engine that pulls data from all over the system for quick viewing. Notifications can be set up for anything from deadlines and other important dates to workflows and custom tasks.
Key Features
- Committed customer service staff
- Trackable compliance features
- Federal funding and multi-year grant capability
- Real-time performance monitoring
- Full-function notifications and alerts
3. Instrumentl
Instrumentl combines research and grant management tools on a single platform. This streamlines the grant-finding process for nonprofits by providing personalized ideas and monitoring all applications simultaneously. Its huge database makes it easier to find funding and match your location with your goal.
Once your nonprofit finds a good grant, it can keep track of its application’s progress and stay in line by managing deadlines and reporting requirements on the same Instrumentl platform. Instrumentl is easy to use and handy because it centralizes papers securely, uses AI to improve grant writing, and gives you one-click access to current apps.
Key Features
- Informed, need-based grant recommendations
- Grant searching, tracking and management on the same platform
- Automated deadline and compliance tracking
- Detailed analytics on funders for enhanced application success
- AI-driven grant writing incorporating previous grant proposals
4. IntelliGrants IGX
While IGX Solutions has several management solutions for different needs, its IntelliGrants IGX tool is one of the best because it helps nonprofits handle grants and has a compliance auditing and reporting feature that gets high marks.
To ensure that your entries are timely and correct, the program enables nonprofits to keep track of years’ worth of historical grants.
IntelliGrants also provides the most up-to-date usability, security best practices, and compatibility with a number of other program interfaces, such as GIS maps. From any location with an internet link, this web-based solution is available on various screen sizes.
IntelliGrants comes with several great themes that you can use right away. You can also make them more unique by adding your logo. IGX Solutions is always adding new versions to its software, which lets you be more productive when you use its many automatic features.
Key Features
- Compliance auditing and reporting
- Federal reporting
- Excellent cybersecurity
- Easy integration
- Custom personalization
- Regular software updates
5. Bonterra Grants Management
Bonterra Grants Management, which used to be called CyberGrants, is a common grants management solution for charities and nonprofits that handle many grants. The software solution caters to some global companies and nonprofits with a focus on compliance, security, and flexibility.
The Bonterra Grant Management solution has tools that make it easy to follow donor rules and requirements and automate tasks. It also has a powerful analytics and reporting feature that creates data to help with choices about giving grants. If managing risk through group screening and entry rights is a high priority for you, this solution is what you want.
Key Features
- Superior management of multiple grants
- Automated compliance process
- Data-driven analytics and reporting features
- Organization vetting
- Proven track record with global organizations
Grantor Compliance Has Never Been Easier
As a nonprofit, you no longer have to check donor compliance by hand during the management process.
You shouldn’t have any trouble keeping your grantors happy because the best grant management solutions come with a ton of useful features and different compliance tools that you can use as needed. Now all you have to do is pick the solution that works best for your nonprofit.