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Oracle Modern Best Practice for Higher Education—Project Management

Grant Award Funding to Closeout
Maximize Award Performance

Higher Education—Grant Award Funding to Closeout

Allow management to have complete visibility into all aspects of your awards. Manage complete pre and post award process, from funding to close out. Provide an integrated platform for managing the financial aspects of each award, while complying with your sponsors and internal control, billing and reporting requirements. Use the following modern best practice as your standardization to receive awards and fund budgeted projects, allocate costs, manage billing and performance and submit financial reports and close awards.


Receive Award and Fund Projects
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Receive Award and Fund Sponsored Projects

Create awards from templates or integrate with a proposal system and fund any number of sponsored projects. Allocate funding based on award periods across all devices.


Manage Award and Budget
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Manage Award and Budget

Collaborate in-context on awards and sponsored projects. Apply budget by category and award period. Prevent overspend with an interactive funding matrix for cost control.


Allocate Direct and Indirect Costs
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Allocate Direct and Indirect Costs

Calculate, apply, adjust, account and invoice direct and indirect costs at institution, department, or award specific rates.


Manage Billing and Drawdown
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Manage Billing and Drawdown

Invoice sponsors in their desired format (e.g. institution forms, letter of credit)


Monitor Award Performance
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Monitor Award Performance

Visualize current spending status and drill into funding, budget, commitment, expenditure details and all related conversations from all devices.


Submit Technical and Financial Reports
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Submit Technical and Financial Reports

Comply with the billing and reporting requirements from sponsors and internal control via flexible reporting systems.


Close Award
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Close Award

Review award and sponsored project related activity, analytics, documents and conversations to ensure completeness and compliance.


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