This module focuses on configuring the financial system according to organizational requirements.

   – It involves setting up financial years, currencies, and currency conversions.

   – Financial years define the time period for budgeting and reporting.

   – Currencies allow transactions to be recorded in different monetary units.

   – Currency conversions enable the system to calculate and display amounts in different currencies accurately.

The budgeting module facilitates the creation and management of budgets.

   – Users can create budgets for specific financial years, departments, or projects.

   – Budget lines are created within budgets to allocate funds to different categories or cost centers.

   – Budget transfers allow the reallocation of funds between budget lines as needed.

This module handles the process of requisitions, which are requests for goods or services.

   – Requisitions are made against specific budget lines to ensure accountability and control spending.

   – There can be various categories of requisitions, such as supplies, equipment, or services.

   – Users can submit requisitions and track their progress through the workflow.

The requisitions workflow module manages the flow of requisitions from submission to approval.

   – It includes multiple stages or steps through which a requisition must pass.

   – These stages typically involve review, approval, and fulfillment of the requested items or services.

   – The workflow ensures that requisitions are properly evaluated, authorized, and processed.

 This module focuses on maintaining accountability for requisitions and associated expenses.

   – It includes tracking and recording the details of each requisition, such as requester, approver, and vendor.

   – The module helps ensure that requisitions are properly documented, auditable, and compliant with financial policies.

The expenses management module deals with recording and tracking financial transactions.

   – It allows users to input and categorize various expenses incurred by the organization.

   – Expenses can include payments for supplies, services, salaries, and other operational costs.

   – The module ensures accurate and comprehensive records of all financial transactions.

The financial reports module generates various reports to provide insights into the organization’s financial status.

   – Users can access predefined or custom reports, such as balance sheets, income statements, and cash flow statements.

   – These reports help analyze financial performance, monitor budgets, and make informed decisions.

Grant and Funder Management

– The Grant and Funder Management module focus on handling grants and their associated funders.

– It facilitates the management of grant applications, awards, and reporting requirements.

– Users can track grant opportunities, submit applications, and manage the entire grant lifecycle.

– The module also assists in maintaining relationships with funders, including communication and reporting.

– Grant reporting features enable organizations to fulfill their obligations and demonstrate accountability.

Subgranting

– The Subgranting module allows organizations to distribute a portion of their grant funding to subrecipients or partners.

– It supports the process of creating and managing subgrants within the organization’s grant programs.

– Users can define subgrant criteria, evaluate applications, and select subrecipients.

– The module helps monitor the progress and performance of subgrants, ensuring compliance with funding requirements.

– It also assists in tracking subgrant expenditures and reporting to the main grant funders.