Compliance features are an essential part of grant management software packages, and all the best tools will include them in some form. However, determining which tool is best for your specific needs is up to you.
Why Compliance Features Are Necessary
When managing a grant, following the conditions the grantor stipulates is imperative. Some grantors are exceptionally strict about how you use the funds and how you report on the usage. The best nonprofit grant management software will include compliance features such as monitoring, progress trackers and notifications reminding you of upcoming deadlines.
These features make remaining compliant with the stipulated rules much more manageable, allowing you to attract new partnerships and further investment from your funders and stakeholders while maintaining your nonprofit’s reputation.
Where Can I Find Grant Management Tools With Compliance Features?
As stated, the best grant management tools for nonprofits will all have inbuilt ways to help you comply with grantor conditions. While some of these features are similar, it helps to assess each software solution’s other features to ascertain which best suits your nonprofit’s requirements.
1. IntelliGrants IGX
IGX Solutions offers several management solutions catering to different needs, but its IntelliGrants IGX tool assists nonprofits with grant management with a compliance auditing and reporting feature that is high on its list of outstanding components.
The program allows nonprofits to retain years of historical grants while supporting your federal reporting needs to ensure your submissions are timely and accurate.
IntelliGrants also offers up-to-date accessibility, cybersecurity best practices and compatibility with several other program interfaces, including GIS mapping. This web-based solution is accessible on various screen sizes from any location with an internet connection.
IntelliGrants comes with a range of top templates, and you can personalize it further by adding your branding. IGX Solutions consistently upgrades its software, affording you constant productivity when using its array of automated features.
Key Features
- Compliance auditing and reporting
- Federal reporting
- Excellent cybersecurity
- Easy integration
- Custom personalization
- Regular software updates
2. WizeHive
WizeHive grants management software provides a full-cycle, cloud-based solution that is customizable for managing fellowships, scholarships and grants by adapting it to several funding programs. With extensive integration capabilities, WizeHive affords nonprofits a grant management platform that will grow with them.
The solution is automation-heavy. It can automate tasks with various deadline reminders, including compliance tracking and report generation. WizeHive has well-defined audit trails and notable data security through privacy settings and controls, streamlining your workflow to reduce your time spent on administrative responsibilities.
Key Features
- Robust automation
- Customizable reporting, reviews and grant applications
- Integration with many nonprofit solutions
- Easy collaboration between administrators, applicants and reviewers
- Compliance-friendly through strong audit trails
3. Instrumentl
Instrumentl offers research and grant management tools on a single platform, allowing nonprofits to streamline their grant searches with tailor-made suggestions while overseeing applications simultaneously. Its exhaustive database makes locating funding and matching your location and mission more efficient.
Once you locate a suitable grant, your nonprofit can track its application progress and remain compliant by managing your deadlines and reporting essentials on the same Instrumentl platform. Securely centralized documents, AI-enhanced grant writing and one-click access to current applications make Instrumentl user-friendly and convenient.
Key Features
- Informed, need-based grant recommendations
- Grant searching, tracking and management on the same platform
- Automated deadline and compliance tracking
- Detailed analytics on funders for enhanced application success
- AI-driven grant writing incorporating previous grant proposals
4. Bonterra Grants Management
Formerly known as CyberGrants, Bonterra Grants Management is a regular grants management solution for foundations and nonprofits that manage considerable grant numbers. With an emphasis on compliance, security and versatility, the software solution caters to some global corporations and nonprofits.
The Bonterra Grant Management solution has tools to automate processes and easily conform to grantor requirements and rules. It also has a robust analytics and reporting function that generates data to support grant-making decisions. This solution is what you want if managing risk through organization vetting and access permissions is high on your agenda.
Key Features
- Superior management of multiple grants
- Automated compliance process
- Data-driven analytics and reporting features
- Organization vetting
- Proven track record with global organizations
5. AmpliFund
Like the others, Amplifund is a full-cycle grant management solution capable of handling federal funding and long-term grants. It encourages transparency and control with trackable compliance features, a suite of financial management tools and a customizable productivity function.
Configurable dashboards mean you can conduct real-time performance metrics to ensure you meet your funder’s conditions.
Amplifund holds customer service in high regard, and the provider commits to excellence in assisting you in operating at your potential.
With notifications for everything from deadlines and other important dates to workflows and custom tasks, Amplifund provides a solution to keep you abreast of your grant’s status with a reporting engine drawing on data from every area in the system for immediate viewing.
Key Features
- Committed customer service staff
- Trackable compliance features
- Federal funding and multi-year grant capability
- Real-time performance monitoring
- Full-function notifications and alerts
Grantor Compliance Has Never Been Easier
As a nonprofit, the days of manually monitoring grantor compliance during the management process are over.
With the best grant management solutions offering various compliance tools to suit your needs and a cacophony of other helpful features, you should have no problems ensuring your grantors are kept happy. All you’ve left to do is decide which solution fits your nonprofit’s needs best.
