How To Activate an Award

Once you have created an award, you can add award details and settings. The award's Details page allows you to provide more information about the award and its budget, and allows you to set up task reminders. Once you have activated the award, the recipient will receive an email notification that includes an invite to AmpliFund to track and manage the award. 

Prerequisite: The Performance Plan Settings and Budget Settings must be configured.

1. Open Fund Management>Awards.
2. Click the   (Edit icon) next to a lead recipient name.
   
3. Update information as necessary.
4. In the Award Information section, select Payment Request Type.
   • Reimbursement: Recipient will be reimbursed for expenses
   • Advance: Recipient will be given payments in advance
5. Select Budget Tracking Interval. This is the frequency of budget reporting.
6. Select Due Date for Budget Items. This is the due date for budget reporting after the interval ends.
7. Select Performance Tracking Interval. This is the frequency of performance reporting.
8. Select Due Date for Performance Items. This is the due date for performance reporting after the interval ends.
9. In the Risk Definition section, check the Monitor Reporting Risk checkbox to show award reporting risk. Reporting risk is defined as days report is past due.
    Note: Risk is shown as Low, Medium, or High on the award Analytics page. If multiple areas are monitored, the highest risk will be shown.
   1. If desired, update the Low, Medium, and High risk thresholds.
10. Check the Monitor Budget Risk checkbox to show award budget risk. Budget risk is defined as percent variance of expenses to budget.
    1. If desired, update the Low, Medium, and High risk thresholds.
11. Check the Monitor Performance Risk checkbox to show award performance risk. Performance risk is defined as percentage of goals on target.
    1. If desired, update the Low, Medium, and High risk thresholds.
12. Click Activate.