The project actually is a series of five inter-related components, all integrated with PeopleSoft shared financials, called Program Release. In addition to the grant-management piece, other components covered the transition from legacy accounting to the shared financial system, an automated travel piece, accounts payable and purchasing software, and another grant-reporting piece called Effort.
The universities anticipate significant efficiency improvements from the replacement of paper-based processes with the electronic and real-time tracking of documents, combined with grant-tailored reporting tools.
Full Story: http://wistechnology.com/articles/4694/