Sage North America has released Sage Grant Management, a Web-based grant-receiving product that helps accounting staff at nonprofit and government organizations track grants and provide transparency at the organization, program, and grant level.
Similar to Sage Fundraising Online, which Sage launched late last year, Sage Grant Management is designed to help nonprofits and government organizations track all of their projects, programs, grants, and contacts through an integrated relationship-based system, as opposed to manual systems and spreadsheets.
Sage Grant Management can operate on a standalone accounting basis, or integrate with Sage Fund Accounting to allow organizations to do in-depth financial tracking and view the latest balances. It also offers a chart of accounts that allows allocation and distribution throughout the system.
“When it comes to grant management, there’s a huge component having to do with financial management and reporting,” said Heather Burton, Sage’s product marketing director for nonprofit solutions. “The grants department within a not-for-profit has to work with the accounting staff to set budgets and write proposals. Sage Grant Management integrates into Sage Fund Accounting, which is used by the accounting function. Previously, some grant management capabilities were built into Sage Fund Accounting already. Sage Grant Management builds those capabilities out into a full product.”
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