What is Grant Management Software?
Grant management software is mainly used by non-profit organizations to assist grantmakers and grantseekers in managing grant proposals. They assist users from grant discovery, drafting, all the way to the final proposal. Additionally, they can help users apply for, collect, and research different grants. Though primarily used by non-profits, these applications are also useful for entities such as government agencies, scientific research organizations, and research universities.
Public funding (i.e. grants) is a large part of non-profit organizations’ success. Having a platform that allows organizations to centralize all their grant proposals together and assist them throughout the process is incredibly helpful for organizations that rely on funding from grants.
In addition to managing current grant proposals, grant management software also assists in finding open grant opportunities that fit the organization’s criteria. Some grant management software functions may overlap with that of non-profit fundraising software.
Grant management software applications also provide all the tools needed to assist with preparation and submission. This includes communication between grantseekers and grantmakers and document attachment portals. For any organization that relies on grants to run its operations efficiently, this type of software is often necessary to keep track of and grow its grant portfolio.
Grant Management Software Features
Grant management software applications typically include the following features:
Grant Management Software Comparison
Before purchasing a grant management or nonprofit fundraising solution, consider the following key factors:
Organization size: Before purchasing, keep in mind the size of your organization. Whether you’re a small, mid-size, or large non-profit or other type of institution may determine which vendor is best suited to fit the needs of your non-profit. For example, smaller non-profits may apply for a smaller number of grants per year than large research institutions or universities.
Ease of Use: Having a software application that is easy to use and understand is beneficial for end-users. It may be easier and faster for users to work with certain products over others, which will save time during the grant application process. This efficiency is something to keep in mind before deciding on a vendor.
Pricing Information
Prices for grant management software can vary from product to product. Usually, prices are based on the number of grants and constituents you plan to hold within your application. They may be purchased on a stand-alone basis or as a fundraising software suite.
Though most grant management software vendors do not list their exact prices publicly, you can expect to pay between $55 to $500 per month. Some applications offer yearly payments instead of monthly. Certain vendors also offer a free trial of their software.
