State finance teams have robust, established processes for tracking the tax revenue they receive and how it is distributed. But the movement of funds received by states, and then often cities or non-profits, through Federal grants can be very hard to follow.
With the passing of the DATA Act, the current era of disjointed grants funds management is coming to a close. Automation, centralization, and standardization of data in this large program is possible, and it will improve processes for both grantees and grantors.
Download this guide from Socrata and Grant Thornton to understand the grants management lifecycle and how to improve the grants management process.