Pryme Fund Management

Fund accounting software for nonprofits, charities and other fund-based organisations. Manage your funds and grants within your financial system.

fund accounting software

Pryme Fund Management

Fund Accounting Software

Fund accounting software for nonprofits, charities and other fund-based organisations. Manage your funds and grants within your financial system.

About Pryme Fund Management

Based on a dedicated fund ledger, part of the financial system, keep track of your contributors, funds and grants and all related transactions such as commitments, allocations, and transfers.

With full access to data. Dynamic reporting where the user can configure reports such as fund movements and financial reports.

This is a standalone app that works independently and can be used on Microsoft Dynamics 365 Business Central with or without Pryme Apps.

Looking for new ways to improve your fund management?

Fund tracking in real time

Stay on top of every grant or fund allocation with instant visibility to take corrective measures.​

  • One-click reporting on fund allocation and spending.

  • Monitor remaining funds and spot overspending early.

  • Make accurate cost projections with live data.

  • Post received payments directly from the Cash Receipt Journal. 

  • Link payments to commitments for full visibility of outstanding amounts.

CIS accounting software

Fund tracking in real time

Stay on top of every grant or fund allocation with instant visibility to take corrective measures.​

  • One-click reporting on fund allocation and spending.

  • Monitor remaining funds and spot overspending early.

  • Make accurate cost projections with live data.

  • Post received payments directly from the Cash Receipt Journal. 

  • Link payments to commitments for full visibility of outstanding amounts.

CIS accounting software
CIS accounting software

Fund management fully integrated

Manage the entire fund lifecycle in a Fund Leger in one unified financial system. ​

  • Fund Leder fully integrated with your GL.

  • Track and register funds or grants to ensure they’re used for their intended purpose​.

  • Automate approvals, and allocate, assign, and reassign funds with full transparency.

  • Manage restricted or multi-source funding with full traceability.

Fund management fully integrated

Manage the entire fund lifecycle in a Fund Leger in one unified financial system. ​

  • Fund Leder fully integrated with your GL.

  • Track and register funds or grants to ensure they’re used for their intended purpose​.

  • Automate approvals, and allocate, assign, and reassign funds with full transparency.

  • Manage restricted or multi-source funding with full traceability.

CIS accounting software

Easy fund reporting in one click

Get a clear view of fund​ activity in seconds with the Fund Analysis report.​

  • Flexible Excel-based breakdown of Fund Ledger Entries.

  • Track allocations, review spending, analyse activity by fund, funder and project.

  • Build pivot tables for deeper analysis.

  • Support reporting with accurate records, including SOFA and Movement of Funds

Easy fund reporting in one click

Get a clear view of fund​ activity in seconds with the Fund Analysis report.​

  • Flexible Excel-based breakdown of Fund Ledger Entries.

  • Track allocations, review spending, analyse activity by fund, funder and project.

  • Build pivot tables for deeper analysis.

  • Support reporting with accurate records, including SOFA and Movement of Funds

CIS accounting software

Feature Highlights

Fund Management

  • Grant & Fund Management
  • Restricted & un-restricted Funds
  • Link Funds to multiple Funders
  • Fund Commitments
  • Fund Documents
  • Post to G/L

  • Commitment Tracking

Fund Tracking

  • Fund Ledger
  • Fund Commitments
  • Fund (re-)Allocations

  • Foreign Currency Allocations

Fund(er) Reporting

  • Fund Analysis Report

  • Fund Movement Report
  • SOFA Report

Pricing

Pryme Fund Management


360€

per prod. env./month¹

¹ Benefit from a nonprofit discount by getting the Nonprofit Industry Package.

FAQs

Fund accounting software is used to manage and track the financial performance of a fund or grant. In this case, it ensures that the fund is in compliance with regulatory requirements and generates reports and analytics on the fund’s performance to provide insights for decision making. It helps in streamlining the workflow and in managing the organisation more efficiently.  In any case, Pryme Fund Management works for both grants and funds.​

The features fund accounting software should have are grant and fund management in terms of compliance and reporting. On top of that, it should be integrated with your accounting system to streamline your processes.

With a cloud-based fund and grant management software, you can access your data and applications from anywhere and from any device with an internet connection, allowing your team to work remotely. Additionally, they are highly scalable, which means that they can easily accommodate changes in the size and needs of your organisation. On top of that, cloud-based fund management systems are automatically updated and backed up, so that your data is safe and secure. Last but not least, cloud-based funding software is often more cost-effective than on-premises solutions. ​

A good cloud-based fund management software should include granular permission settings for different types of users, as well as data backup and disaster recovery features that ensure that information is not lost in case of system failure.​

Have a closer look at your organisation’s processes and workflows and identify the gaps. In brief, the main goal should be to look for an integrated tool that helps you simplify your processes related to funds and grants reducing the need for duplicate data entry, and thus the risk of error.​

Automating the processes in your organisation will help you be more efficient. Consequently, having one centralised source makes it easier to access high-quality data. Furthermore, with the reporting and analytics features you can generate reports on fund and grant performance, which are difficult to generate with Excel spreadsheets. Cloud-based fund management software is flexible and scalable, meaning that it can adapt to your organisation as it grows. ​

Pryme Fund Management can easily be installed for free trial. The installation can be done from Microsoft AppSource, or in Business Central from the Extension Marketplace page.

A subscription-based fund management software can vary depending on a few factors, such as the features and functionality included, the number of users, and the pricing model. A subscription-based model (SaaS- Software as a service) can cost anywhere from a few dollars per user per month to several hundred depending on the features and functionality.

The advantages of using Microsoft-based software are several. Employees are already familiar with Microsoft products, so the adaptation process runs smoother. It can easily integrate with other Microsoft products such as Outlook, Sharepoint and Teams. Having a Microsoft Office subscription can help offset the cost of the software for your organisation. The cloud-based Microsoft ERP Business Central receives regular updates which enhance the user experience. Additionally, your organisation is provided with the security of a large corporation that guarantees that your data is backed up and kept safely and securely. The continuity and stability of the product from the Microsoft side, being this a well-established company with a long history of providing software products, shouldn’t be underestimated. ​

Out-the-box Business Central is not enough for an organisation that deals with grants and funds because it is more focused on financial management, supply chain management and inventory management. In contrast, Pryme Fund Management is an add-on built on Advanced Projects that has been specially designed for organisations that receive funds and grants. It adds industry-specific capabilities such as fund management and fund reporting. Pryme Fund Management supports the typical processes of your highly-specialised industry.​

Pryme Fund Management is an extension for businesses that deal with funds and grants built on Microsoft Dynamics 365 Business Central and Advanced Projects. It can only be built on Business Central. ​

The Statement of Financial Activities (SOFA) Report, also known as the Income and Expenditure Statement or Statement of Activities, is a financial statement that provides a summary of an organisation’s revenues, expenses, gains, and losses over a specific period. It presents the organisation’s financial performance, showing the sources of income and the allocation of expenses during that period. The SOFA report is typically used by non-profit organisations, charities, and other similar entities to demonstrate their financial health and transparency to stakeholders.

A Movement of Funds report is a document that tracks the movement or transfer of funds within an organisation. In the non-profit sector, organisations often have multiple fund accounts, or program-specific accounts where funds are received, stored, and spent for various purposes. A Movement of Funds report provides a detailed record of the transactions involving these funds.

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