In Use:

Nonprofits rely on grants and donations to keep them afloat throughout the year. It’s what allows them to pay their staff, invest in infrastructure and help the constituents that they serve. But grants and donations can’t always be counted on – and grants start and stop at different times of the year. An organization could have $10,000 in grant money coming in, in April, but only $5,000 coming in, in September. But like any business, that same charity has similar monthly expenses in April as it does in September. That’s why it’s so important to manage their budget monthly but also forecast what they’ll need in months to come.

Unlike similar products, Grant Budget Manager was created for nonprofits. It works directly with QuickBooks and many other accounting systems for a seamless integration.  Unlike similar software that charges a set-up fee on top of annual fees, Grant Budget Manager requires a one-time implementation fee. Perrin did this to relieve nonprofits of the burden of having to budget monthly fees into their forecasts.

Technology Needed:
Grant Budget Manager currently sits on prem and is compatible with a PC. The program has an encryption key built into it to protect a nonprofit’s data and prevent data loss.

East of Use:

The implementation of Grant Budget Manager takes about 20 hours, most of that time is working with the client and their employees to show them how the platform performs. Once the platform is installed, Perrin is confident it will save charities both time and money.

Recap:

Founded by Perrin, Grant Budget Manager is a tool that’s built for nonprofits. It works with excel to help charities manage their budget and forecast future spend. With a 36-month timeline it allows nonprofits to manage long-term grants and their multiple-year budget. The platform also allows clients to run reports, analyze key results, allocate costs, and quickly update their finances. With different dashboards available, clients can see where they stand in the present and what their future expenses may look like.

Advantages:

• Unlike other accounting tools, Grant Budget Manager is built for nonprofit organizations
• The platform costs a one-time implementation fee while other competitors charge an implementation fee plus annual fees
• Integrates with QuickBooks and other accounting systems
• Has an encryption key built in to protect against data loss

Disadvantages:

• Located on prem and for PCs only
• Grant Budget Manager is a newer software so there aren’t very many reviews and testimony about the product yet

My Opinion:

Just by talking to Perrin for a short amount of time, it’s clear that Grant Budget Manager was a labor of love (1500 hours of programing to be exact). This robust platform sets out to solve all of the unique problems that nonprofits face in terms of budgeting and accounting.