“True Multi Year” grants and “Renewals” in GLM and how this flows through to CSuite
We are looking at this presently – and the difference between “True Multi Year” grants and “Renewals” in GLM and how this then flows through to CSuite – with the critical date of the “Grant Date” meaning it then hits the GL…
So we had wondered whether you had found a way to create True Multi Year grants in GLM, and then possibly journalled forward commitments / instalments once it flowed through to CSuite…? Trying to work out whether there is a way to manually work around the Grant Date to better reflect future payments..!
OR whether you just resolved to using the renewal approach…?
We have done a lot of digging on this – and I suspect there may not be a way to work around this as simply as I am hoping – and am sure if there was cleverer people than I would have worked it out already 😉
Answers
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Hi @fionapatience , this is a great discussion topic! I would love to hear how others have approached this.
We have workflows for clients to consider, especially when it comes to reporting on the data correctly, in GLM. However, since you have the CSuite Fund Accounting component, I recommend reaching out to Support (support@foundant.com) for additional suggestions.
Sounds like you already read through this article but I'll share it here for anyone else who will come across this discussion.
Thank you!
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