Running an organization comes with multiple challenges, such as hiring a capable workforce, brand building, business models and structure and so on. With all these new and old challenges, winning customers’ satisfaction can become a difficult task, if carried out without proper management. It is here that the lifecycle management followed by SmartGrants can help.

What is a Grant Management Software?

A grant management software is adept with scalable research grant administration that makes the process of lifecycle management easier and uncomplicated. The first fully integrated grant system was created in the 1990s by ERA software systems and has been an integral part of all small and big businesses ever since.

Since it is a modular solution to the organizational business issues,

• It enables you to have a strong hold over the operational budget of your organization.
• It ousts any manual or any unnecessary superfluous processes.
• The excessive administrative burden is reduced.
• It simplifies the workflow which in turn accelerates the productivity.

How to Choose a Grant?

Picking the right grant in an intensely competitive world of software can be a cumbersome job. But if you are well versed with the organizational requirements, it is easier to get your hands on the perfect software for a successful business. Following are factors that must be considered while choosing a grant for your business from a heap of impressive packages:

• The merging of disparate data streams into one transparent source of information is vital. The data migration thus depends on the level of credibility of the software.
• Ensure that the vendor is capable at integrating the software with the existing financial system or any third-party applications.
• Opting for an intuitive grant is a wiser decision than going ahead with one that calls for a tiresome training process.
• Align your needs along with the budget to successfully meet the specific organizational requirements.

NAVOMI’s SmartGrants

Amidst a competition driven industry, where every day a new start-up appears with fresh promises and product services for its customers, the need for SmartGrants becomes pivotal for a smooth and well-organized business. The past decade has seen an exponential rise in the research and development grants. With ever flourishing healthcare and life science industry, the digitalization of the grant has made the overall working simply hassle free and well organized. Why should you choose NAVOMI over all the other available grants? Because of its comprehensive grant management system,

• The Grantbots are your own AI-powered virtual assistants which provide answers to frequently asked questions regarding the documentation procedure, thereby maintaining an unhinged customer-service provider relationship.
• NAVOMI saves you the hassles of a cumbersome training process by providing an intuitive user-interface on both web as well as mobile. It ensures scalability as it has been made with technology stack and platforms.
• It provides prebuilt templates for the approval process of the Life science industry.
• Integrated with the workflow engines, it enables configuration as per the standard internal operating procedures.
• It provides centralized grant data with a single point of data storage.
• A highly secure enterprise with a proper user authentication ensuring privacy as well as a regular audit monitoring.
• Based upon a collaborative and content-based refining, it provides dynamic recommendations while grant application is in the submission or development stage.

NAVOMI’S SmartGrants is a configurable, cloud-based Service as a Software (SaaS) application. It has been built on top of the Veeva vault eco-system to modernize the grant management process for Life sciences and the healthcare enterprises.

Process of NAVOMI’S SmartGrants

NAVOMI’S SmartGrants helps you to overcome challenges by,

• Timely communication with the applicants, recipients as well as the program management.
• Making the multiple program management easier and less complicated.
• Assisting in an effective management of the risk and compliance as per the regulations.
• Managing structure of the organization by executing complex approvals.
• Ensuring financial controls by getting well acquainted with the organization’s finances.
• Storing records and documents along with maintaining the organization’s privacy.
• All the documentation and requirements of the recipients are fulfilled within the given timeframe.
• Maintaining a stable communication of the recipient with the funding organization.
• Multiple applications are managed simultaneously without any hassles.

NAVOMI proudly holds to its credit, the avant-garde implementations and complex customization with the likes of LivePerson, Veeva, and Invodo, just to name a few. While the challenges keep growing, NAVOMI comes with one of the most competitive grant packages with its SmartGrants to ensure success for your business.