Reference: Grants Management Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Supports the ability to request reimbursement through invoice or letter of credit draw.

Provides the ability to budget for awards.

Provides the ability to calculate rate-based indirect costs, revenue recognition, and billable items for cost-reimbursable expenditures.

Provides the ability to record information about award contracts and manage that information throughout the life cycle of the contract. The functionality supports the ability to:

Create and manage terms and conditions.
Define rules to automate expenditure control, grant accounting, and reimbursement.
Maintain award amendments.
Manage award tasks and deliverables.
Manage funding amounts.

Provides the ability to track required actions and grantor and sponsor deliverables for an award through approval routing, alerts, and attachments.

Provides the ability to certify the effort of individuals.

Supports the identification and prioritization of funding sources. The functionality supports:

Reports for funding sources to review and verify the allocation of funds to transactions.
Retroactive assignment of funding sources to transactions.
The ability to set aside money for specific purposes.
The application of a funding source to an existing reclassification entry.

Provides the ability to record and track submitted award proposals and to create award contracts from successful proposals.

Supports the management and tracking of costs, contacts, risks, and attachments related to award subrecipients.