·         Understand the typical grants life cycle – from application to close.

·         Identify typical grant related data elements

·         Specify a grant budget – typical expense categories. Enforce allowable expenses.

·         Classify direct and indirect costs

·         Formulate indirect costs – multiple options (transactional, pooling, negotiated rates)

·         Calculate effort reporting and certification process

·         Understand matching scenarios between grants

·         Specify grant close out process

·         Understand pass through grants or subaward process.

·         Evaluate what to look for in a software solution