By Justin Stojsih, Account Manager | April 1, 2020
Choosing a new grants management software solution for your agency is often a lengthy, time-consuming task. With a wide range of options on the market serving a wide variety of grant-giving agencies, choosing the right platform for your agency’s mission-critical grants is of the utmost importance. No government agency or nonprofit can afford the time or expense of a failed software implementation, making choosing the correct vendor and platform the first time a critical decision.
When choosing a new grants management software vendor, you will want to make sure to account for the vendor’s history with grants management, the software’s ability to manage the complete lifecycle of your grants, and the flexibility of the grants management software platform.
When evaluating a new grants management software system, you should first evaluate the vendors.
The grants management software market has a few long-established vendors with proven, stable systems and decades of experience implementing systems at an enterprise scale. Conversely, the market has seen a recent uptick in small vendors offering platforms that lack the full suite of features that the more experienced vendors have built. While some of these new upstarts may offer lower prices upon initial implementation, their lack of experience can lead to costly delays, frequent rework, and the need to quickly move on to a more established vendor. Conversely, some long-established software companies will state that their platforms can be adapted to meet a grant-giving agency’s needs. While the company may have software experience, lacking the specific knowledge of the grants management process can lead to the same issues as the new upstarts face.
Your evaluation should lead you to investigate vendors with a proven history with grants that are similar to those that your agency gives. This will lead to a faster, less expensive total implementation.
Your evaluation should also include what the present capabilities of various grants management systems are. If your agency requires that software purchases go out to a Request for Proposal (RFP), it may benefit you to view demonstrations of various products as part of a Request for Information (RFI) first. This will allow you to see what capabilities various vendors have and then write a detailed, specific RFP that allows the vendors to see and respond to your exact needs. Too often public agencies issue vague, ineffective RFPs with hard-to-define requirements that lead to generic responses that don’t address the agency’s real-world needs.
When evaluating these vendors, ask:
Some of these questions may be more important to your agency than others. Discuss with your team exactly what it is your ideal system would do and which processes you would like to automate and ask your prospective vendors to explain or show how their platforms can manage those tasks.
The final major component when evaluating a new grants management platform is flexibility. Some vendors offer completely off-the-shelf systems with minimal configuration or customization available, meaning that the system your agency buys will be practically identical to the system bought by an agency across the country. Other vendors, such as Agate Software, offer a core platform that is configured to exactly your needs: every form, document, report, dashboard, and business process is tailored to your exact needs, with your agency’s branding included throughout the system. Both options can be valid in different cases; some customers prefer a quick installation and adapting their processes to fit a new software, while others prefer the ability to have a vendor configure a system to their precise needs. There are some important questions to ask about flexibility before procuring a new grants management system:
Answering these questions prior to engaging in discussions with vendors will allow you to choose the vendor who most closely aligns with your agency’s goals.
Once you and your team at your agency have decided what path you would like to take, you will need to find a grants management software vendor whose solution meets your needs. For agencies that prioritize the history of the vendor and the flexibility of the proposed grants management solution, Agate Software’s IntelliGrants® system will be a great fit. IntelliGrants is designed to be the most flexible possible grants management solution on the market today, with its powerful IGX core allowing agencies to have the system configured to their exact specifications. If your agency would like to see a demonstration of IntelliGrants, reach out to email@example.com or 517-336-2500 to have an experienced, professional account manager assist you.
Want to see how IntelliGrants can make your grant management process more efficient? Simply click the button to request a live, web-based demonstration. Agate Software uses live demos to make sure we can answer all your questions as they come up.