3 Lessons Learned After Implementing Grant Management Software

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The goal of implementing grant management software in a research focused institution is to streamline process and procedure as well as make grant tracking as efficient as possible. Optimally, a system should provide a single repository for compliance information, program monitoring, and financial data. However, the process of implementing a Read More

Why Effective Grant Accounting Goes Beyond The General Ledger

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Can effective grant accounting be handled within a typical research institution’s general ledger? In our experience, that scenario is highly unlikely. Over the years, we’ve become familiar with the challenges faced by departments, centers, and schools within the nation’s top research funded universities, as well as research hospitals and other Read More

Best Practices in Implementing Grant Management Software

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When we look at best practices in implementing grant management software, it’s best to consider why a solution is being evaluated. The goal of an automated grant management system is to empower research administrators to assist in maximizing the efforts of their research teams.  Solutions are designed to improve and streamline pre and post award Read More

How Grant Tracking Software Can Help With the Annual Performance Review

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What is your most dreaded time of year? Some answers I’ve heard include cold and flu season, tax season and pothole season (for my Northern readers). I’m sure these rank high up there for most people, but I know my choice isn’t included on this list. For me it is the annual performance review season (or it is now that I’ve moved away from the Read More

5 Reasons to Project Personnel Costs for Sponsored Research

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For today’s research-intensive university or institution, tracking personnel costs for sponsored research is a major factor. That’s because the majority of project costs stem from research personnel required to complete the project. Many departments, institutes and universities we speak with are challenged with fully capturing the true costs of Read More

Software for Encumbering Indirect Costs on Sponsored Projects

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In a previous blog, we discussed the importance of monitoring and encumbering indirect costs (aka IDC, Facilities and Administration, and F&A) on sponsored projects and the need for implementing a grant accounting software solution for this purpose. In today’s blog we provide the steps involved in computing direct cost encumbrances and provide Read More

Selecting Grant Management Software: 5 Key Tips to Consider

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What do research-intensive universities and institutions need to keep in mind when selecting grant management software? Before evaluating what factors to keep in mind though, we need to take a look at the reasons universities and institutions evaluate grant management software. For many research institutions, there is an effort underway to look Read More

Common Mistakes Associated with Recharge Centers

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There are several common mistakes of recharge centers. These mistakes, whether intentional or not, pose a risk of financial loss not only to the department/center, but to the institution as a whole. Over the years, there have been several audit findings resulting in millions of dollars of overcharges to users and fines to institutions for Read More

Using Grant Management Software to Track Late Grant Submissions

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As grant administrators we’ve likely heard more excuses than high school teachers when it comes to late grant submissions. Here are a few of the best I’ve heard over the years: “I accidentally ran over my laptop with my car and it had the only saved copy of my grant.” “But the agency due date is tomorrow, so my application isn’t late.” “My Read More

The Cost of Hiring Research Personnel

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The majority of costs on research projects stem from personnel required to complete the research, as such many departments, institutes and universities are concerned with the question: How much does it really cost to hire research personnel? There are several factors to consider when evaluating the cost of hiring research personnel. Today’s Read More