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Automated Grants Management

Business Problem Statement

  • Federal agencies largely use Commercial, off-the-shelf (COTS) products for Grants management that can be inflexible, forcing government organisations to spend more on customisations and requiring additional delivery time
  • Some of the key pain points with current systems are the need for actionable insights on past awards data for granting funds, automated due diligence checks to screen applicants and difficulties in monitoring & measuring grant outcomes
  • Government agencies are looking for a secure, user-friendly, accessible, and robust cloud-based grant management system that is fit for purpose with minimal development to meet changing grant initiatives

Solution Overview

Our cloud-based Grants framework brings together federal awarding agencies and applicants, helping to streamline the grant process. The framework follows a linear lifecycle with three primary stages :

  • Pre-Award Phase - Funding Opportunities and Application Review
  • Award Phase - Award Decisions and Notifications
  • Post Award - Implementation, Reporting, and Closeout.

 

The key highlights of this framework compared to COTS products in the market are:

  • Configurable wizards for creating the funding opportunity & onboarding grant agencies
  • Prediction of Critical Success Factors using advanced AI models
  • Straight-through processing for high-volume, low-value grants

 

Solution Architecture

Automated Grants Management

Business Benefits

  • Reduced turn-around-time to award grants owing to AI enabled Risk Assessment and Intelligent Scoring of applications using advanced Predictive models
  • Reduced Total Cost of Ownership due to fungible architecture and built-in extensibility
  • One-touch configuration of grant milestones and application questionnaires, providing more control to business owners
  • Improved grantee experience with self-service portals for applicants, enabling real-time tracking of application status & fund disbursement status
  • Greater transparency & improved decision-making for Grantmakers with 360-degree views and automated eligibility checks
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