On basis of how the entire system is structured, a diverse system might be needed to support different stages of the scholarship management process. Usually, these kinds of solutions aren’t been integrated, enabling data silos across the working of the system and resulting in difficulty to manage risk as there isn’t a holistic view of a student’s situation In such cases, data must need to be exported from one solution and imported to another one to reach the objective. However, such manual processes not only turn out to be time-consuming but also leads to human errors as data is being re-keyed

Signatures and authorizations from numerous stakeholders, many of whom are geographically scattered, are necessary at various phases of the scholarship management process. When data isn’t integrated, paperwork that needs to be signed may have to be created manually outside of the system that houses the data. Again, this increases the risk of human error, as well as the amount of time it takes to prepare and process the paperwork.

The ability of an organization to manage risks proactively is intimately linked to data silos. It can be difficult to get a holistic perspective of each scholar when data is stored in multiple systems. For instance, if a scholar’s award is associated with a certain grade point average, attendance, or another achievement, the nonprofit must have access to this information to mitigate risks and ensure that the scholar gets back on track if they start to fall behind.

When it comes to communicating with students, scholarship organizations rely mainly on email or postal mail. Such approaches may be the simplest way for a company to manage outbound communications, especially if their custom-built solutions are limited in capabilities. However, because such channels are not favored by students and scholars who have shown a strong preference for interacting with organizations via their cell phones, they may give the impression that the organization is behind the times.

The amount computed for a scholarship award is influenced by several factors. Calculations can be difficult since they require the most up-to-date data from a variety of sources. When such computations are done manually and offline, there is a higher risk of human mistakes, as well as delays due to a lack of data integration between systems.