Grants Management
Streamlined Grant Management for NGOs:
Grants Management revolutionises the way NGOs approach grant management by offering a seamless, integrated platform that simplifies every step of the grant lifecycle.
From the initial application to project closure, NGOs can easily navigate by setting up new initiatives and aligning them with their mission and objectives.
This system is particularly beneficial for organisations juggling multiple projects, as it helps prioritise tasks, allocate resources effectively, and ensure that every dollar contributed makes a tangible impact.
By automating tedious administrative tasks, Grants Management allows NGOs to focus more on their core mission rather than getting bogged down by paperwork.
Efficiency and Transparency in Operations:
In the world of non-profits, where every penny counts, Payment 360 ensures that financial transactions and approvals are transparent and efficient.
The real-time tracking feature not only aids in maintaining a clear record of where funds are allocated but also instils confidence among donors and stakeholders about the NGO's accountability.
This transparency is crucial for building trust and sustaining long-term relationships with donors, as it showcases the NGO's commitment to responsible financial management and impact-oriented outcomes.
User-Friendly Features Tailored for NGOs:
Recognising the diverse needs and tech-savviness of NGO staff, Payment 360 is designed with a user-friendly interface that simplifies complex financial and project management processes.
Whether it's recording new grants, making adjustments, or processing payments, the platform is intuitive and accessible, ensuring that users can easily find what they need without extensive training.
Moreover, the performance tracking charts embedded within the system provide a visual representation of progress, helping NGOs stay on track to meet their goals and reporting back to stakeholders with tangible metrics.
Enhanced Collaboration and Communication Tools:
Effective communication is the backbone of any successful NGO, and Payment 360 facilitates this by incorporating advanced collaboration and communication tools directly into the platform.
These tools enable seamless interaction among team members, donors, and beneficiaries, ensuring that everyone is aligned with the project goals and timelines.
Email notifications and approval workflows are streamlined to reduce delays and misunderstandings, making it easier for teams to move projects forward with consensus and clarity.
Comprehensive Reporting for Informed Decision Making:
For NGOs, the ability to generate comprehensive reports is not just about tracking progress; it's about analysing data to make informed decisions that drive future strategies.
Grants Management's robust reporting features allow NGOs to delve deep into payment timelines, grant adjustments, and project statuses.
These insights are invaluable for strategic planning, demonstrating impact, and ensuring compliance with funding requirements.
By leveraging these reports, NGOs can identify areas for improvement, celebrate successes, and adjust their approaches to better meet the needs of their beneficiaries.
Grants Management
New Projects that require Grant Funding can be split into different tranches, based on various factors, ie if it is for a learning programme, the number of learners or by amount, and can be adjusted to better meet the needs of their beneficiaries.
This system allows users to:
Set up new projects and manage existing projects.
Record new grants.
Record changes to grants (refunds, writebacks, etc.)
Record payments through the approval process.
Capture evidence to support the approval.
Inform the next approver that they are required to take action.
Track each approver and ensure each one has completed their task within their agreed-upon timelines.
Track what percentage of payments were made within 30 working days of receipt.
