Features
Compass — Grant Management
Tracks grants from application through closeout, enforces budget and expiry rules on every drawdown, and keeps every report and milestone on one record.
How it actually works
Every grant in Compass moves through the same nine-stage lifecycle — Prospect, Applied, Under Review, Awarded, Active, Reporting, Closeout, Closed — with Declined and Withdrawn as exit points along the way. Moving a grant from one stage to the next is a deliberate action (submit, approve, reject, close, reopen), not a status dropdown anyone can quietly change, so your pipeline always reflects where a grant actually stands.
Once a grant is active, every drawdown against it is checked against two rules before it posts: the grant can't be expired, and the amount can't exceed what's left of the award. That's restriction enforcement happening in the ledger the moment money moves — not a report you run afterward to catch the mistake.
How it works, step by step
- 1
Track the pipeline
Move a grant from Prospect through Applied, Under Review, and Awarded — each transition is a deliberate action, not a status you can quietly edit.
- 2
Budget it, then draw it down safely
Set budget lines by category, then draw down against the award — Compass blocks any drawdown that would overdraw the balance or hit an expired grant.
- 3
Hit every milestone and report
Milestones and reports carry their own due dates and status — six report types, from Interim to Final, moving through review to Accepted or Rejected.
- 4
Close out with a full history
Amendments record every change to scope, budget, or term with a reason; the full audit history and funder link stay attached to the grant permanently.
What's included
Nine-stage grant pipeline
Prospect, Applied, Under Review, Awarded, Active, Reporting, Closeout, Closed — plus Declined and Withdrawn. Status changes only through submit, approve, reject, close, and reopen actions.
Drawdowns enforced against the award
Every drawdown checks the grant isn't expired and doesn't exceed the remaining balance before it posts — the restriction is enforced in the ledger, not caught in a later report.
Milestones with real status
Each milestone tracks Pending, In Progress, Complete, Deferred, or Cancelled — and a completed milestone can't be deleted, so progress history stays intact.
Six report types, one review workflow
Interim, Final, Progress, Financial, Narrative, and Site Visit reports move from Draft through Under Review to Accepted, Rejected, or Waived.
Amendments with a reason
No-cost extensions, budget modifications, scope changes, term extensions, and early terminations are all recorded as categorized amendments — not a note buried in the description field.
Funder-linked from day one
Every grant links to a funder contact or organization in Meridian, so a funder summary report shows exactly who's contributing the most without cross-referencing spreadsheets.
See it on your own books
Book a walkthrough and we'll show you exactly how this fits your chart of accounts.
Schedule a demo