What Is the Grant Management Application?
The Grant Management application provides functionality to manage sponsored projects for universities, academic medical centers, research hospitals, research institutes, non-profit organizations, and K-12 school districts. Grant Management works in conjunction with the Infor Financials, Procurement, and Human Resources to provide a solution that integrates planning, payroll, purchasing, and accounting processes for optimum administration, tracking, and reporting of sponsored projects.
Grant Management is a post-award solution.
Grant Life Cycle
At a high level, the typical grant life cycle is divided into pre-award and post-award phases:
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The pre-award phase includes processes that occur before a grant is awarded, such as identifying funding sources, preparing, and submitting the actual grant application.
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The post-award phase includes processes that occur after a grant has been awarded such as grant setup, budgeting, transaction processing and control, and reporting.