September 30, 2022
September 30, 2022
Effective grants management can be challenging. Learn about MNP Digital’s 8A Grant Model and how it can help your organization succeed.
Efficiency is vitally important for organizations that are looking to effectively supply grants—if you’re giving away millions of dollars, many factors come into play, such as financial accountability, audit trails, and traceable roles and functions. With so much on the line, it’s important to understand and easily manage each phase of the grant management lifecycle, from set up to managing awards and finally closing out the grant.
With years of project experience, learning the level of sophistication required throughout the grants process, we have defined a grants management lifecycle model with eight major phases that ensure effective grant management offerings. Your organization may not need to implement all eight, but it’s important to consider each phase as you work to implement your grant management programs.
In the authoring phase, you design the grant program, develop guidelines and create plans for implementation. Meet with key stakeholders to determine the The design of the 8A model is based on best practices in grant management to further enhance usability. Based on our decades of experience working with grants clients, several best practices have been consistent across all projects:
Complicating any of the phases increases risk and makes the process more difficult for everyone involved. Focus on delivering core functionality that is key to success and build out from there.
At MNP Digital, we believe that each of these plays a vital part in achieving the right outcomes when developing a grants management solution. Having alignment across expectations, definitions, and roles is the foundation that this process is built on.
By developing ‘templates’ you’ll be able to get your programs to market faster and more efficiently, with less chance of error. These models act as a starting point that you can customize based on the requirements of the specific program.
Avoid complicating things, and making more work for your team, by taking time to streamline processes, workflows, and data ahead of your solution implementation. By standardizing as much as possible early on, your solution will do more of the heavy lifting later.
The more commonalities you can identify, the easier it will be for your grants management solution to simplify and automate reporting, and expand to further programs as you develop them.
Agile is a great way to connect teams that need to work together on complex projects. We believe this time-boxed, incremental production approach allows for proper prioritization and ensures projects are delivered on time and on budget.
By implementing a strong grants management solution, governments and other grant-making organizations can create a better experience for fund applicants, manage grants more effectively, increase the organization’s visibility, improve program measurement, and increase the overall impact of the programs. To implement the 8A Grants Model, MNP uses Microsoft Power Platform, Dynamics 365, and the MNP Grants Accelerator solution.
Together, these allow clients to easily monitor the lifecycle of a grant from start to finish, track changes, score grants, allocate expenses, and stay in AODA compliance, all supported by the security, reliability, and performance of the leading Microsoft Azure cloud platform.
To learn more about how you can get support throughout the cyber insurance process, contact our team of experts today.