This guide explains how to set up and start using the Advance Payment Cash Budgets feature.
With Advance Payment Cash Budgets, Funders can control whether recipients can apply for and receive awards that allow for advanced payments. This can be configured at the account, opportunity, or award level.
If advance payments are allowed, applicants can request their award in advance either by a payment schedule (Advance Payment) or based on a constant rate over the life of the grant (Working Capital). Both options allow for an initial advance at the start of the grant.
For awards, the funder will set up and approve the final advance payment amounts and schedule.