Grant Accounting
Use Grant Accounting to optimize the business side of your grant projects by reducing costs, automating grant processes, eliminating redundancy, delivering real-time role-based information, and ensuring regulatory compliance. Automated processes for labor distribution, effort reporting, and other essential activities to consistently meet regulatory reporting requirements, safeguarding your funding resources. Grant Accounting is an add-on solution to Financials & Supply Management, streamlining the flow of vital information.
Key benefits:
- Front-end splits for allocation of expenses up front to multiple funding sources
- Standard multi-dimensional reports to view grant information
- Grant balance tracking to ensure that projects are under budget and on time
- Effort certification for labor distribution
- Ineligible expense control
- Bill and report to the appropriate level of detail for sponsors
- Create automatic salary encumbrances and salary cap limitations
- Adhere to federal guidelines