What G2P can do for you...
This solution automates your management of sub-recipients by providing them a portal to submit required reports and documentation, as well as provide automated email notifications and reminders of due dates. It captures basic financial information and provides snapshots back to you in drilled down, concise management dashbords and reports. No more spreadsheets. No more email exchanges to track. No more hunting for information to determine compliance.
Compliance is critical, but we don't want it to get in the way of accomplishing our mission. G2P provides succinct, drill-down capable dashboard views allowing you to have early notice of any sub-recipient or business units that may be experiencing compliance challenges.
These reports, with drill down capabilities, allow you to identify specific issues and act quickly to remediate problems to remain compliant.
Risk Assessment and Sub-recipient Monitoring
Updates to OMB Circular 2 CFR Part 200 affects how anyone receiving federal funds must assess, monitor, and govern any grant they issue. Ensuring proper management of these funds requires increased internal controls; standardized business processes; and the use of information technology and shared services.
Entities are required to evaluate each sub-recipient's risk of non-compliance and results could potentially drive additional terms and conditions surrounding the award of those valued dollars. Based on these risk assessments, the standard terms and conditions [prior to the assessment] may need special amendments.
Those amendments could potentially include:
increased reporting procedures,
more frequent on-site audits,
additional monitoring activities, financial performance reports, and more.
The tight integration of our Grant Governance Module and our Risk Assessment Module allow departments and agencies across the entity to have real-time access to the compliance history of grantees as part of the programmatic risk assessment.
A key aspect of the Programmatic Risk Assessment module is our pre-defined risk assessment questionnaire templates. These are fully-customizable, and give you the ability to create additional questions, and to create their own templates-based on programs.
Questions are weighted, and the grantee completes the questionnaire on-line, the system scores the questionnaire, notifies the grant manager/analyst, and provides the answer and score. By using a consistent template based on the grant
program, organizations avoid the appearance of partiality, and provide a quick and easy audit to establish that the programmatic risk assessment was completed as required by the program.