How does Sage Intacct help with grant management?

Sage Intacct assists with grant management primarily by tracking grant-related expenses and ensuring compliance with funders' requirements. This capability is critical for organizations that rely on grants to fund their projects, as it allows them to maintain accurate records of how funds are spent. By monitoring all expenditures associated with a grant, users can ensure that they adhere to the specific guidelines set by funders, which often require detailed reporting and adherence to budget constraints.

This tracking functionality also helps stakeholders understand the financial performance of the grants they’re managing. By providing real-time reporting and visibility into grant expenses, Sage Intacct empowers organizations to manage their funding more effectively, make informed decisions, and maintain compliance with any reporting obligations to grantors.

The other options, while they touch on aspects of grant management, do not reflect the core strengths of Sage Intacct in this area. For example, creating unlimited grant applications and automatically distributing grant funds are not primary functions of Sage Intacct; rather, those tasks may involve processes that depend on a solid foundation of expense tracking and compliance management. Preventing users from accessing grant data would counteract the transparency and oversight that are essential for effective grant management.