Public Sector Organizations that offer grants and lending programs can save time and share data using the same portal for both its applications and grant management processes. Leveraging the combined power of IvyTek’s loan management system and the Salesforce Grant Management software, PSOs can better determine which program—funding or financing—is the better fit for the applicant, saving time between an applicant’s submission and your team’s underwriting process.
This integration allows you to track critical data such as demographics and location data, and to create flexible loan origination processes. The performance of individual loans are tracked in near real-time, allowing for faster reporting. In addition, Public Sector Organizations can track funding allocations between different institutions, the repayment of funds to loan programs, how specific loans are funded, including the allocation of multiple funds to a single receivable loan.
Finally, IvyTek allows users to create and edit custom payment schedules, insert interest-only periods, create seasonal payments, or defer a payment entirely. Since each loan’s payment schedule is managed independently, your program reporting will always stay accurate.
What can IvyTek do for Grant Management? With our digital portal application submissions, you can:
- Reduce the time between receipt of an application and time to begin underwriting.
- Create separate programs for loans, forgivable loans, recoverable grants, and more.
- Create flexible loan origination processes using the same portal and applications that you use for the grant management processes.
- Track funding allocations between your institution and your borrowers, as well as between programs, or the investors that fund your programs.
- Track repayment of funds to loan programs, create custom payment schedules and more.
IvyTek Finance integrates with Salesforce Grants Management for the Public Sector. Streamline your grants lifecycle and remain in control of front end tasks while IvyTek Finance manages automations.
IvyTek Finance integrates with Salesforce Grants Management for the Public Sector. Streamline your grants lifecycle and remain in control of front-end tasks while IvyTek Finance manages automations. Schedule a Discovery Call today!