Grant management has always been a notoriously labor-intensive process for a variety of organizations, such as philanthropies, nonprofit foundations, and local, state, and federal government departments—a process that is prone to errors and inefficiencies. These organizations risk missing critical funding opportunities due to challenges with tracking and responding promptly. They also struggle with applying for and dispersing funding in a data-driven way.
To address these challenges, organizations could transition from a tech-only approach to a tech-enabled one by building capabilities across people, processes, and technology to enhance efficiency, accountability, adoption, and the impact of available grant funding. This new approach could include structured staff training, standardized evaluation frameworks, streamlined governance processes, tools for tracking outcomes, and an integrated end-to-end platform leveraging automation, AI, and gen AI to improve collaboration and decision-making.
This article takes an in-depth look at the challenges of grant management and a new approach for addressing them.
To read the full article, download the PDF here.
