Distribute payments directly to recipients with a click of a button while you track and report on the money you’ve granted–all in Submittable.
SMOOTH & SIMPLE
Trigger award payments with a click of the button in the same platform you’re already using to collect applications and make decisions. Track available and awarded funds with a comprehensive dashboard while you receive regular reports on payment progress.
Applicants receive a secure direct bank transfer in as little as 48 hours after your team triggers the payment. No action required on the recipients’ part.
The result? No more paper checks, internal red tape, or dealing with awardee tax forms. It all adds up to more time you can focus on your important mission-driven work.
HOW IT WORKS
From launching your program to sending payments to reporting on progress, Submittable takes the headache out of disbursing funds.
The Funds dashboard shows how much money you’ve disbursed, who you’ve sent that money to, and how much you have left in your budget. Build on this insight by reporting across the funding cycle using advanced reporting tools that allow you to dive deeper. You can even export all this data to an external data warehouse or a finance tool to gain more context.
Alway know exactly how much money you’ve awarded and how much is left in your budget. Then communicate your status with all stakeholders. You can even use your reporting to adjust your program after it’s live to make sure you’re following through on your mission.
Ready to trigger payments? Simply click the Send Payment Now button. Submittable serves as the recipient's point of contact, and partners with trusted payment vendors, like Payoneer and US Bank, to get payments delivered swiftly and securely, often in as little as 48 hours.
Automate the busywork of awarding funds so you can focus on the more important work of fulfilling your mission. For example, LIIF was able to disburse $2,718,000 to 68 awardees quickly to fund child care services in the Washington D.C. area.
All communication is handled through Submittable, so the recipient applies and receives funds through the same platform. Create response templates for each type of applicant and enter dynamic fields to auto-populate information. Submittable will even automatically produce and file a 1099 and send the awardee a copy.
Provide a seamless applicant experience by centralizing and automating your funds distribution communication. No more mis-deliveries, paper checks, or back-and-forth between your team and applicants. You can handle it all within Submittable.
Funds distribution allows you to manage many programs from start to finish, for example scholarships. From initial applications to reference checks to awards, Submittable handles it all and provides both you and your applicants one place to go for all communication.
With secure integrations, robust fraud prevention tools, and powerful customization, Submittable makes funds disbursement even more seamless.
trusted by your peers
"I've worked with different application softwares over the years for both grant management and for other purposes in the office. Submittable provides quick turnaround when you can edit your own forms—and it doesn't require a lot of training to learn how to do that."
Senior Budget Analyst, State of Montana
Schedule a Submittable demo today to see how you can increase your impact while reducing busywork using tools like fund disbursement.