Product Overview of Instrumentl
Instrumentl is a comprehensive and intuitive grant management platform designed to streamline the entire grant lifecycle for nonprofits, academic institutions, and other organizations. Here’s a detailed look at what Instrumentl does and its key features:
Core Functionality
Instrumentl is an all-in-one platform that integrates grant prospecting, tracking, and management into a single, user-friendly interface. It helps organizations discover, research, and track grants efficiently, saving time and enhancing their fundraising capabilities.
Key Features
Grant Prospecting
- Instrumentl features a vast database of over 390,000 funders and 12,500 active grant opportunities. Its intelligent matching algorithm identifies the best-fit funders based on the organization’s specific needs and project requirements, significantly reducing the time spent on research.
Automated Grant Tracking
- The platform includes a robust Grant Tracker, which serves as a centralized project management tool and CRM. This tool allows users to track upcoming grant deadlines, set tasks for themselves and team members, upload and manage proposal documents, and monitor funder responses. It also provides automatic and custom deadline reminders to ensure no deadlines are missed.
Integration and Syncing
- Instrumentl integrates seamlessly with popular CRM systems like Salesforce, Raiser’s Edge NXT, and Virtuous, ensuring that all relevant information is synchronized and up-to-date. Additionally, it offers calendar integration with Apple, Outlook, or Google Calendar to keep all deadlines in one place.
Post-Award Management
- The platform includes advanced post-award management tools such as Payments Tracking, which monitors expected and received payments, and Budget Spenddown, which helps in tracking spending and ensuring budget alignment. This ensures compliance and simplifies reporting.
Customization and Collaboration
- Instrumentl allows for the creation of Custom Fields to store and access vital data specific to the organization’s needs. It also offers User Permissions to customize the workspace and maintain secure access control for team collaboration. The Grant Performance Dashboard provides clear insights into grant performance, helping in strategic decision-making.
AI-Powered Tools
- The platform features an AI grant writing tool, Instrumentl Apply, which speeds up the application process by autofilling applications based on past submissions. This tool enhances the quality and efficiency of grant applications.
Funder Intelligence
- Instrumentl provides detailed insights into funder preferences, giving patterns, and peer insights through its funder intelligence feature. This includes access to 990 reports, which help in understanding multi-year trends and the openness of funders to new grantees.
User Experience and Support
- Instrumentl is known for its intuitive and user-friendly interface, requiring minimal training to get started. The Professional Plan offers personalized support and training, ensuring that users can maximize the platform’s capabilities.
Benefits
- By using Instrumentl, organizations can significantly reduce the administrative workload associated with grant seeking, allowing them to focus more on applying for and winning grants.
- The platform has been credited with improving win rates and reducing the time spent on grant management, as evidenced by success stories from organizations like Habitat for Humanity, Pro-Choice NC, and NYU Langone.
In summary, Instrumentl is a powerful tool that streamlines grant prospecting, tracking, and management, making it an indispensable resource for any organization seeking to optimize their fundraising efforts.