Challenge
Managing research funding posed significant challenges due to fragmented systems and manual processes. Grant data was dispersed across RMS, Workday, and sponsor-specific platforms, making it difficult to generate timely, accurate reports. This lack of integration delayed insights, increasing administrative burdens on researchers and staff.
Compliance was another critical concern. Manual oversight of deadlines and deliverables heightened the risk of errors, potentially jeopardizing funding relationships. Additionally, researchers and administrators lacked tools to analyze funding trends, proposal success rates, and sponsor-specific performance, limiting their ability to make data-driven decisions.
To remain competitive and reduce risks, the institution needed a comprehensive solution to streamline grant management and enhance strategic planning.
Solution
Technology Partners implemented a centralized platform to address these challenges, consolidating grant data into a unified environment powered by Databricks and Databasin, a commercially available accelerator. This integration unified RMS, Workday, and external sponsor feeds, creating a single source of truth for grant management.
Custom dashboards provided real-time tracking of key metrics, including proposal success rates, funding allocation by sponsor, and deliverable compliance. These tools offered researchers and administrators actionable insights to guide funding strategies and operational decisions.
Predictive analytics models were designed to forecast funding opportunities and identify sponsors with the highest potential return. Automation features, such as compliance alerts and deliverable tracking, reduced manual oversight, ensuring deadlines were met and risks minimized.
Results
The implementation of the centralized platform yielded transformative outcomes. The institution reduced the time required to generate grant performance reports by 40%, saving over 500 hours annually. Proposal success rates improved by 18% through targeted insights into sponsor performance and funding opportunities.
This project underscores the impact of integrating data and automation in advancing research funding. We’re proud to have empowered this institution with tools to stay competitive and drive groundbreaking innovation.
Jake Gower
Service Line Manager, Technology Partners
Compliance tracking was significantly enhanced, achieving a 98% compliance rate and reducing audit risks. These improvements strengthened trust with funding bodies and bolstered the institution’s competitive standing in research grants.
By streamlining processes and delivering advanced analytics, the solution empowered the institution’s researchers to focus on innovation, securing long-term funding and driving excellence in medical research.
Key Outcomes
- Reduced reporting time by 40%, saving over 500 administrative hours annually.
- Increased proposal success rates by 18%, boosting research funding success.
- Achieved 98% compliance, mitigating risks and enhancing sponsor trust.
- Enabled predictive insights into funding opportunities and high-return sponsors.
