Grant Management That Stays in Sync With Your Finances
Never Wonder If You're on Track With a Grant Again
How It Works
From Award to Closeout, Compass Handles It
When a grant is awarded, Compass creates a grant record with its full budget, period of performance, and reporting requirements. As expenses are incurred across your organization, Compass allocates them to the appropriate grant based on the rules you define — direct costs, shared costs, and indirect rates all handled automatically.
Program staff see their grant budget in plain language. Finance sees the same numbers tied to fund accounts and restriction tracking. Compliance deadlines trigger alerts before they become problems. And at closeout, Compass generates the final expenditure reports your funders require, pulling directly from the verified ledger data.
Grant Management Questions
Yes. Compass is designed to manage a full grant portfolio. You can track any number of active grants simultaneously, each with its own budget, period of performance, reporting requirements, and compliance rules. Shared expenses can be allocated across multiple grants using configurable allocation methods.
Expenses can be allocated to grants based on direct assignment, percentage splits, time and effort reporting, or other allocation methods your grants require. Because Compass is connected to the fund accounting core, every allocation posts simultaneously to both the grant budget and the fund ledger — no separate reconciliation step needed.
Yes. Compass includes report templates for common funder reporting formats. Because grant budgets and actuals draw from the same fund accounting data, your funder reports reconcile to your financial statements automatically. No manual data export or reformatting required.
Compass includes a structured closeout workflow: final expenditure reconciliation, unspent balance resolution, closeout report generation, and document archiving. Any unexpended restricted funds are automatically flagged for return or reallocation per the grant agreement terms.