Masterworks Grants Management
Secure, manage, and maximize every federal grant dollar
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How Grants Management helps capital owners
Federal grant dollars are harder than ever to win, manage, and account for. Most ERPs track grants only at a summary level, leaving funding splits, reporting, and compliance in spreadsheets. Masterworks Grants Management is purpose-built for federally funded capital programs, helping agencies manage the entire grant life cycle, from NOFO discovery and application through drawdown, compliance reporting, and closeout. It works alongside your existing ERP through read-only integration, so every grant dollar is tracked, compliant, audit-ready, and never left on the table.
- Secure and maximize the federal funding your programs are eligible for
- Track every grant-funded dollar across federal, state, match, and third-party sources
- Stay audit-ready as Uniform Guidance and reporting requirements tighten
Benefits of Masterworks Grants Management
Win more of the funding you're eligible for
Track every grant dollar, automatically
Never miss a reporting deadline or audit finding
Extend your ERP without having to replace it
Key features of Masterworks Grants Management
Discover funding and build your pipeline
Use AI to find relevant NOFOs, assess eligibility, and strengthen the pre-award pipeline. Post-award, leverage AI that flags funding risks, reporting deadlines, and utilization trends early.
Track and allocate every grant dollar
Auto-split expenses across federal, state, match, and third-party sources with configurable funding rules, and track budget changes as amendments for an always-accurate, audit-ready funding position.
Stay ahead of reporting requirements
Monitor reporting obligations and submission status across all active grants from a centralized compliance dashboard.
Streamline monthly progress reporting
Generate MPRs from standardized templates using project data, financials, and supporting documentation, cutting manual effort while improving accuracy.
Respond to compliance inquiries faster
Manage agency RFIs and follow-ups inside the reporting workflow, with a complete audit trail of communications and evidence.
Simplify billing and reimbursements
Generate invoices, track reimbursement requests, and prepare drawdowns across funding sources, with full visibility into funding recovery.
Integrate seamlessly across multiple platforms
You don’t have to change your legacy systems. Our products seamlessly integrate with over 100+ tools.
Integrate seamlessly across multiple platforms
You don’t have to change your legacy systems. Our products seamlessly integrate with over 100+ tools
Is Masterworks Grants Management for you?
It is built for transportation agencies, transit authorities, airports, municipalities, and utilities managing federally funded capital programs. Federal grant administration is complex. Here is what agencies without a purpose-built solution are up against:
- Compliance mistakes can cost funding
Manual processes increase the risk of audit findings and reimbursement loss.
- Federal reporting is slow and resource-intensive
Teams spend valuable time reconciling data instead of delivering programs.
- Eligible grants go undiscovered
Limited visibility into funding opportunities means leaving money on the table.
- Delayed closeouts create ongoing risk
Incomplete documentation and unresolved reimbursements prolong audits and administrative overhead.
Frequently asked questions
How is Masterworks Grants Management different from tracking grants in our ERP?
Most ERPs track grants only at a summary level, leaving teams to manage the details such as funding splits, deadlines, and reporting in spreadsheets. Masterworks Grants Management is purpose-built for the full grant lifecycle and works alongside your ERP through read-only integration, so you can add grant-specific workflows and compliance without ripping out or replacing your financial system of record.
How do we find and win more of the federal funding we're eligible for?
Built-in AI surfaces relevant Notices of Funding Opportunity (NOFOs), assesses your eligibility, and helps you build a stronger pre-award pipeline, — so fewer opportunities slip by. Once funding is secured, AI keeps working, flagging funding risks, upcoming reporting deadlines, and utilization trends early, so you capture every dollar you’re entitled to.
How do we stay compliant with Uniform Guidance (2 CFR 200) and audit-ready as reporting tightens?
A centralized compliance dashboard tracks reporting obligations and submission status across all active grants, so nothing is missed. Every expense, amendment, and communication is captured with a complete audit trail, keeping your funding position accurate and audit-ready, even as the single-audit threshold and Uniform Guidance requirements shift.
How do we track every grant dollar across federal, state, match, and third-party sources?
Configurable funding rules automatically split expenses across federal, state, local match, and third-party sources, and budget changes are captured as amendments. The result is an always-accurate, defensible view of where every grant dollar came from and how it was spent without manual reconciliation.
Can we manage the full grant life cycle, from finding funding through drawdown and closeout, in one place?
Masterworks manages the entire life cycle in one system: NOFO discovery and application, fund tracking and allocation, monthly progress reports generated from real project and financial data, agency RFIs and follow-ups, and billing, reimbursement, and drawdowns, through to closeout. So grants don’t get stranded in disconnected tools or handed off between teams and spreadsheets.
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