Fundings
Administering several fundings within a project.
Integrated administration of fundings – a unique feature of WINPACCS
Fundings are key to implementing projects in the field of development cooperation and humanitarian relief. Frequently, several donors with varying fundings are involved in a single project.
A unique feature of WINPACCS is its capacity to support the funding process throughout all its phases, and to facilitate separate monitoring for each individual funding within one project.
Administering and monitoring fundings – a complex challenge
Applying for and settling funding is a process that entails various steps and involves both head office staff and those working directly in the projects.
Funding is particularly complex due to its various forms such as proportional funding, deficit funding, fixed-amount funding etc.
Further notable challenges are donors’ contractual requirements regarding budgeting, monitoring the use of funds and project billing.
Support in the guise of software is a huge help for staff who work with it and alongside improved efficiency, creates higher transparency both within the organisation and towards donors.
What must a software for administering fundings be able to do?
The software should be capable of setting up several fundings per project and take into account budgeting, cost monitoring and invoicing to meet donor-specific requirements.
Administer all the steps involved in funding with the corresponding entry fields and plausibility checks for the respective status.
Be individually adjustable to meet the requirements of aid organisations, for instance through the option to set up customer-specific fields for fundings.
Offer worldwide access to its data and functions for facilitating editing by head office staff and those working in project countries.
Fundings - functions
- Entering comprehensive master data for the fundings.
- Taking into account the varying status of fundings in the entry fields in different places in WINPACCS.
- Mapping out several fundings in a project with respective separate budget lines.
- Assigning fundings to a donor.
- Meeting individual donor requirements, for instance the desired exchange rates for project invoicing.
- Entering fundings and budget lines directly when making cost postings in the Project cashbook and Project accounting.
- Potential to be used worldwide due to availability in WINPACCS Cloud.
- Adjustable to the requirements of organisations, for instance through customer-specific fields.
- Option to create “Own money cycles” per funding.
- Mapping out individual currency conversion procedures per funding through donor-specific reporting currency schemes.
- Budgets and Target/Actual comparisons per funding.
- Complete overview of all fundings of a donor.
- Comprehensive analysis options based on fundings in the Project controlling.
Which user roles allow me to use fundings?
The Project finance manager user role allows you to use fundings.
How can I find out more?
Learning more about WINPACCS fundings:
- Join us at our next: WINPACCS Information Day.
- Take part in the WINPACCS for Project controller and Project finance managers seminar.
Any questions about our products?
Please contact our team with any questions about WINPACCS.
Call us.
We’re ready to take your call Mon-Fri 09:00–17:00.
+49 (0) 6441 7809-0
