Project fundings are key to implementing projects in the field of development cooperation and humanitarian relief. Frequently, several donors with varying project fundings are involved in a single project.
A unique feature of WINPACCS is its capacity to support the project funding process throughout all its phases, and to facilitate separate monitoring for each individual funding within one project.
Applying for and settling project funding is a process that entails various steps and involves both head office staff and those working directly in the projects.
Project 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.
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 project 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 project fundings.
Offer worldwide access to its data and functions for facilitating editing by head office staff and those working in project countries.
The Project finance manager user role allows you to use Project funding.
Learning more about WINPACCS Project funding: