Manage Grant Applications and Funding Requests

A Salesforce-native grant-management application can track prospective funding from initial identification through application, review, submission, award, and closeout.

Application information

• Funding opportunity, grantor, program, and application owner
• Requested amount, proposed match, purpose, and funding period
• Eligibility requirements, submission deadline, and decision date
• Internal review status, approvals, tasks, and responsible staff
• Narrative, budget, attachments, correspondence, and submitted application
• Award decision, final amount, conditions, amendments, and reporting requirements

Application process

1.  Create the funding opportunity or application record.

2.  Record the grantor, deadline, requested amount, proposed budget, and matching terms.

3.  Assign tasks and collect the required narrative, financial, and supporting documents.

4.  Route the application and proposed budget for internal review and approval.

5.  Record the submission date, confirmation, and subsequent correspondence.

6.  If awarded, create or update the grant award and establish its approved budget and compliance schedule.

7.  If declined or withdrawn, record the outcome and close the application while retaining its history.

Connection to GoldFinch

The application process normally begins before accounting transactions exist. After an award is accepted, you can connect the grant record to the GoldFinch budget, purchasing, expenditure, billing, reimbursement, and reporting processes.

Configuration note: Grant-management features require an appropriate Salesforce-native grant-management application and configuration. GoldFinch Accounting supplies the related accounting, purchasing, expenditure, billing, and reporting functions.