FundingPlus

Application Intake and Evaluation: The process that allows individuals to collaborate with the grantor to determine eligibility.

• Business Case Creation: The starting point of applying for funds.
• Applications Evaluation: Review of applications to ensure that all required information is submitted and that high-level requirements are being met. Applications with a higher prioritization index proceed to the next stage.
• Tailorable Screening, Scoring & Ranking: Provider can easily modify evaluation criteria to suit changes in funding or objectives to align with provider’s decision-making framework, ensuring effective evaluation and prioritization of investments.
• Application Approval: A detailed review of the applicant’s information including all supporting documents. This process results in an approval, non-approval, or third-party review (if applicable).
Grant: The collaborative process between the grantor and the approved applicant resulting in a formally-documented agreement/contract.

• Notify Applicant(s): Notification to the applicants that they have been approved to receive the grant.
• Define Agreements and Projects: A legal document negotiated and signed by the grantor and the applicant once the funding application is approved. Includes highly secure, e-Signatures.
• Disburse Funds: The transfer of the fund from one party to the other as directed by the agreement/contract.

Monitor: The oversight capacity to ensure that recipients receiving transfer payments are providing the services for which funds have been allocated. Oversight includes the ability to administer a program, assess risk, communicate with applicants on a regular basis, monitor the results for contracted projects and services, and take corrective action when necessary.

Audit and Evaluate: The comparison of actual expenditures and results against previously defined criteria, to determine if a gap exists.
Centralized Document Management: Funding Plus allows storage and quick retrieval of any document type, consolidating and simplifying document access.
Monitor and Report: The project is being monitored and controlled by implementing the appropriate level of oversight and corrective action. This is done for the full life cycle of funding management and is highly flexible and customizable by users.
Close Grant: Once the contractual obligations have been met, a closing process is triggered resulting in lessons learned, reporting, and financial closure.