Why you need to organise your funding management and compliance
All funding schemes, especially European schemes, include extensive financial and administrative obligations. Most of the time, it is a tough task determining what obligations you need to fulfil. Also, carrying out those obligations usually puts a strain on your organisation, usually due to lack of personnel or lack of knowledge on funding demands. Moreover, funding payments are only done after proper financial reporting; not complying with formats and rules will lead to lower payments or even risks of having to pay back previously received funding.
Our services: providing you with full funding compliance and control
PNO Chemistry informs you about the financial, administrative and reporting requirements during the realisation of your funded project. Based on this information you are able to set up your internal project organisation and procedures. We provide support in checking your processes, administration and reporting, in order for you to be sure that these are compliant with all relevant funding requirements. We advise you in setting up your financial project management, administration and reporting procedures. We provide tools and train your staff. And we are fully responsible for the execution of the financial project management; we implement the project administration and prepare and submit the interim and final reports for the funding authorities. We can help you with our full package, but we also offer these services separately; whatever suits you best.
How do our services work?
In informing you about your funding requirements, we:
- arrange kick off meetings
- deliver a manual for your project
- offer support through a helpdesk
- train your staff involved.
During the review of the process and project, we:
- audit the design and function of the administrative organisation and internal control
- review the mandatory interim and final reports
- check amendments and communicate with funding bodies
- perform quality control on audit preparation.
In setting up your project management, we:
- define the administrative organisation and internal control (AO/IC)
- provide tooling for financial project management and control
- perform financial project management
- prepare for and coordinate during external audits.
Experience & results
Annually, we support organisations within over 3,000 national and European funding programmes and fiscal regulations. With our funding compliance support, you get:
- a financial administration which is compliant with requirements set by the funding authority
- financial interim and end reports
- audit-ready administration
- timely and maximised funding payments.
If you are interested in our services, please feel free to contact us.