Grant Manager Reviews

What is Grant Manager?

The Grant Manager serves as an essential adjunct to traditional accounting practices. Just as an individual keeps a checkbook registry to periodically verify their balance against bank statements, university departments also maintain their own financial records to guarantee that their accounts are properly overseen by the institution's central accounting office. Yet, the complexities of university accounting render this process much more difficult than personal account reconciliation, leading to a higher chance of mistakes within the central accounting team. For example, inaccuracies may arise in overhead and fringe benefit calculations for certain transactions, improper accounts may be debited for various salaries or purchases, and transfers or credits might fail to arrive at their designated locations. The Grant Manager provides both accountants and Principal Investigators with an instant, real-time, and accurate snapshot of expenditures, transfers, credits, and account balances tied to a specific grant or account, significantly improving financial oversight. This innovative tool not only helps in minimizing the potential for errors but also fosters more dependable financial management in the intricate realm of university accounting, ultimately contributing to the institution's overall financial health. By streamlining the financial tracking process, it empowers departments to focus on their primary missions while maintaining fiscal responsibility.