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Oracle Modern Best Practice—Grant Award Funding

Maximize Award Performance
Maximize Award Performance

Grant Award Funding to Closeout

Allow management to have complete visibility into all aspects of your awards. Manage the complete pre- and post-award process, from funding to closeout. Oracle Fusion Grants Management also provides 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, submit financial reports, and close awards.


Receive Award and Fund Projects
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Receive Award and Fund Projects

Create awards from templates or via integration with a proposal system. Allocate funding to all eligible projects based on award period across all devices.


Manage Award and Budget
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Manage Award and Budget

Collaborate in-context on awards and 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, use the SF270 form, or bill through a 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 related conversations using a dashboard on any device.


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 activities, analytics, documents, and conversations to ensure completeness and compliance.


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