How it works
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All you need for trouble-free financial management of grant funded projects.
With the EFAMT
Grant Wizard you will be able to effortlessly manage the finances throughout the project. You will be able to monitor all project resources and ensure that all project partners provide correct data on time. By doing so, you can guarantee securing all the approved funds on time, without fear of the audit.
Grant Wizard is a user-friendly end effective system, which enables cost management as required by the grant donor.
All specific rules of the project and cost model are set up at the beginning for each partner, so there is no need for you to worry about the rules or correct cost calculation during the project.
The solution enables you to monitor data in real time for all partners, which allows you to react in critical moments and solve any problems on time (risk management!). Through this you will ensure that all the money granted has been correctly allocated and consequently the accuracy of the financial reports, necessary to satisfy the auditor.
Project partners always enter data in the same way. Only minimal data is entered - namely time used and invoices, as all other tables and analysis are generated automatically.
The solution is simple to use and there is no need for special training. The day-to-day usage can be mastered within 10 minutes.
Solving problems for the coordinator at partner level; partners with set internal systems only enter sum data, whereas partners without set internal systems can adopt EFAMT
Grant Wizard as internal system.
Grant Wizard is a purpose made tool and therefore satisfies all criteria for financial management of grant funded projects. Some of the specific features include:
It can be used for leading several projects within the same organization, despite the fact that for each project specific rules apply.
The application is designed in such a way, that the preparation of project reports and leading documentation takes very little time with minimal efforts.
You can monitor the time and costs at several levels (e.g. entire organisation, individual department, individual employee).
No installation or maintenance is needed. There is no interference with embedded organisational procedures and therefore no collateral damage.
EFAMT® for Horizon 2020
SID Bank approved a loan to RR & CO. Ltd.
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