Managing federal funds can often be complicated and time consuming, especially with limited tools at your disposal. While agencies often rely on their Enterprise Resource Planning (ERP) system to get the job done, its functions are primarily designed for the private sector—emphasizing HR, finance, and budget capabilities.
The main problem with this approach is that these supports—while useful—all fail to meet the nuances of the public sector, lacking key grants management requirements like compliance, reporting, and collaboration.
Using an ERP to manage federal awards is like trying to squeeze a square peg into a round hole, resulting in expensive customizations to force it to “fit” your goals. Grants management systems are built to support organization and administration of the entire grant lifecycle, ensuring compliance and improving efficacy.
The solution isn’t to get rid of your ERP, however—quite the opposite. Integrating a solution purpose-built for the public sector, like Euna Grants, powered by eCivis, may be the missing piece to elevating your entire grants management process. Euna Grants is designed to seamlessly integrate with all leading ERPs, enabling your agency to access both the broad functionalities essential for any organization and the specialized features tailored to the public sector’s unique conditions.
5 advantages of combining Euna Grants with your existing ERP
1. Improved Reporting and Financial Control
Grants often involve specific reporting requirements such as compliance, financial reporting, performance reporting, sub-recipient monitoring, transparency, and auditing. Euna Grants uses customizable, ERP-integrated reporting features to create relevant and tailored reports based on funding amounts, expenditures, reimbursements, and more, ensuring compliance across the entire grant lifecycle. Euna Grants’ reporting functionality also facilitates two-way communication by sending and receiving grant award and expenditure data directly from your financial book of record, improving cross-functional visibility.
2. Streamlined Processes
Integrating Euna Grants with your ERP streamlines administrative processes such as grant award management, subrecipient tracking, filtering and organization, approval workflows, and payment tracking. Because ERPs alone cannot manage the complexities of the grants management process, integrating a grants management system like Euna Grants will reduce the strain on staff, conserving time and resources.
3. Data Accuracy
Euna Grants communicates with existing ERPs, ensuring all data is up-to-date and accurate while eliminating human error. A dependable and precise central repository for all grant-related information, it also removes the need to search through numerous systems or various sections of your ERP. Purpose-built modules provide public leaders with the assurance that their private sector ERPs can accurately and centrally store data.
4. Improved Collaboration
Euna Grants’ collaboration features—including task management, filtering, and organization—reduce the need for manual collaboration and get rid of any confusion or inefficiencies. Manage federal grant applications and awards across all necessary departments, review applications from subrecipients, and get approvals from multiple individuals for subrecipient payment requests.
5. Compliance
Grants come with strict regulations, but we make compliance easy. Integrating Euna Grants with your ERP creates processes and internal controls to both document and automate compliance checks. Our tool also ensures that your organization remains in step with all applicable regulations to reduce the risk of penalties and improve preparedness for audits.
Empower your ERP with Euna Grants
By using your ERP for general reporting and management while leveraging Euna Grants for all your nuanced grants management needs, you can optimize your grants management process and ensure great results for your community.
Ready to see Euna Grants in action? Book a demo today.
