Learn Why Nonprofits Turn to Cloud Financials to Streamline Operations and Accelerate their Mission
Nonprofits operate in a world of significant complexity, limited resources and software solutions that hinder efficiency. Whether it is the continuous friction between the fundraising and accounting departments around actual revenue and delivering a superior donor experience or trying to link outcomes with the true cost of programs, nonprofits have struggled to find business application solutions that can meet their needs in an affordable manner.
Nonprofits regularly rely upon a hairball of dangerously unreliable spreadsheets supporting aging accounting systems in an attempt to generate insight into their mission. Many are constrained with solutions that were built for a different time, where the accounting system of record was all that mattered and where systems had limited computing capability.
The relatively low cost of maintaining those systems masks the cost of inefficiencies in routine tasks like the monthly close or, more importantly, the dissemination of reliable information upon which decisions can be confidently made in a fast-paced environment.