Classification: GoldFinch Native · Salesforce Platform · Additional Application · Configured Solution
Overview
GoldFinch helps organizations connect grant-funded operational and accounting activity with grant, program, project, and funding-source information maintained on the Salesforce Platform.
GoldFinch provides purchasing, expenditures, accounts payable, receivables, reimbursements, receipts, project activity, allocations recorded through approved accounting entries, and general-ledger reporting. A complete grant-management solution may also require grant master records, application and award workflows, grant budgeting, matching-term tracking, drawdown records, compliance schedules, and other customer-specific controls.
GoldFinch does not, by itself, provide a complete standalone grant-lifecycle or grantmaking application.
How the solution is provided
| Capability | Classification | How it is provided |
|---|---|---|
| Purchasing, commitments, and expenditures | GoldFinch Native | Use GoldFinch purchasing, receiving, payable, expense, project, and accounting transactions. |
| Billing, reimbursements, receipts, and receivables | GoldFinch Native | Use applicable GoldFinch billing, receivable, receipt, and accounting transactions. |
| Grant-related financial reporting | GoldFinch Native plus Configured Solution | Report GoldFinch transactions by the approved grant, project, program, fund, or other dimensions. |
| Grant master, grantor, award terms, and compliance dates | Additional Application or Configured Solution | Maintain structured grant information in an appropriate Salesforce data model. |
| Grant applications and pre-award workflow | Additional Application or Configured Solution | Use an appropriate Salesforce or Salesforce-native grant-management application. |
| Grant budgets and budget revisions | Additional Application | Use an appropriate budgeting solution, such as CloudBudget, when selected and licensed. |
| Matching requirements and drawdown tracking | Additional Application or Configured Solution | Configure the required records, calculations, workflow, and reporting. |
| Approvals, tasks, alerts, and dashboards | Salesforce Platform plus Configured Solution | Configure Salesforce automation and reporting for the organization’s policies. |
Typical grant information
Depending on the selected grant solution, an organization may maintain:
- Grant name, award number, grantor, and responsible program or department
- Grant classification, such as local, state, federal, private, or other funding
- Award amount, matching requirements, indirect-cost terms, and eligible-cost rules
- Grant beginning and ending dates, reporting deadlines, and fiscal-year references
- Original and revised budgets
- Commitments, expenditures, reimbursements, receipts, and remaining budget
- Applications, agreements, amendments, supporting documents, and closeout status
These data elements are examples. They are not all standard GoldFinch fields.
Access and auditability
Salesforce permissions control access to Salesforce and GoldFinch records. Depending on configuration and licensing, approval history, field history, source transactions, posted accounting records, and supporting documents can provide evidence for review and audit.
The customer is responsible for defining grant compliance, retention, security, and audit requirements. GoldFinch and Salesforce can support an approved control design but should not be described as automatically ensuring compliance with a grant agreement or regulation.
Related pages
- Set Up a Grant and Grant Budget
- Manage CIP Grant Reimbursements and Billings
- Apply Overhead and Cost Allocations
- Manage Grant Applications and Funding Requests
- Report on Multi-Year Grants and Configure Budget Alerts
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