If staying on top of reporting and financial performance for your nonprofit takes too much time and has become overly burdensome, it’s not you — it’s your software. It might be time to find a nonprofit accounting software system that is able to grow with your organization and help solve challenges, instead of creating them.
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Many First Nation organizations start with software such as Xyxntax, Quickbooks & Sage 50 for there basic accounting needs. As a First Nation organization grows and expands, they are often forced to add new systems that are not integrated to their accounting software, this results in duplicate data entry and higher risk for human error.
Many First Nations organizations we talk to are moving to a strategy based on outcome metrics that drive their organization toward greatness. The traditional focus of service delivery is changing to include significant business operations. Indigenous leaders must not only think about making a difference in their communities, but being competitive in business with the world.
Let’s face it -- accounting information is almost completely useless unless you have the reporting tools to help you measure what really matters to your non-profit organization. This applies to all non-profits; from educational institutions, faith-based and ministry organizations, to health and human services agencies. How can the executive directors or management possibly understand the complexity of their overall operations and make sound decisions without good reporting?
We are in an age of increasing demand for transparency/accountability and are looking for ways to generate and demonstrate successful outcomes. We must have simple, easy to understand metrics that can quickly take the pulse of an organization and assist with decision-making. We must have metrics reporting that never loses focus on what is important and what truly matters to management and stakeholders.
A modern, non-profit accounting solution will consistently track your data by key components and give you instant insight, empowering you to proactively manage funding, programs, students, members, and more. These systems can provide access to both financial and statistical data that allow you to automatically calculate key metrics to measure what matters. These metrics can report on critical information such as financial (revenue), statistical (students), or any number of combinations (donations per attendee). Sage Intacct is such a software solution that was designed to provide real-time visibility into all components of your organization.
As management of a non-profit organization, consider the potential immediate and long-term value to your organization of real-time & accurate reporting. Think about the benefits of being able to easily generate and clearly demonstrate successful outcomes to all stakeholders including funders, board members, or donors. How could you improve the health of your organization by having real-time visibility into funding, programs, donations, expenses and more?