Grant management solutions are leveraged by federal, state and local governments, as well as higher education, research, and biomedical institutions and nonprofit organizations to meet their fiduciary responsibilities in demonstrating transparency and accountability in managing the performance of grants. Where there is significant overlap in the markets served by the solution providers currently operating in the U.S., this market focuses on the solutions currently available to state and local governments. The solutions are most often designed to manage both grantor and grantee process life cycles. Grant management tools are essentially a business process management platform customized to the grant management domain.
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