76 Percent of nonprofits in the United States saw an increased demand for services in 2014. Although down from prior years, one alarming statistic takes root from this: more than half (52%) of these nonprofits are unable to meet said demand.
It’s not just that these nonprofits face increased demand, they face changing rules, increased competition, and more scrutiny from donors, government entities, potential employees and charity rating services.
Success Amid Scrutiny: How Nonprofits Provide Accountability in 2017
What does this mean for financial leaders at nonprofit organizations? More transparency, improved communication, and an ability to demonstrate high levels of efficiency, effectiveness and impact on constituents.
A lot of this ability to communicate nonprofit success starts in the accounting and finance department. The financial leaders at a nonprofit are responsible for turning funding into impact, as well as reporting on this impact back to the responsible parties in a timely manner.
When Excel Doesn’t Excel: Manual Processes Pose Challenges to Nonprofit Accounting
Unfortunately, traditional methods of measurement, communication, and reporting stand between many nonprofits and their ability to grow and give back. When it comes to financial management, nonprofit accounting presents unique challenges that can’t be addressed with outdated spreadsheets and manual processes.
Successful management of a nonprofit organization requires attention to detail and careful administration of expenses. Meticulous reporting practices are essential to meet regulatory compliance and to secure future funding.
Saving Money and Offering More Transparency in the Cloud: Webcast January 26
Join us for a complimentary webinar where nonprofit accounting experts will discuss the benefits of using a cloud financial management solutions including delivery of accurate and timely reporting, easier access to data, and automated processes that help reduce daily overhead.
This webinar, scheduled for January 26, 2017 1:00ET will highlight the top pain points facing nonprofit finance teams and how automated processes and reporting can transform your organization. Learn how you can have greater efficiency and managerial visibility so you can drive down costs while fully pursuing your organization’s mission.
Presenters Brian Dietz and Brent Neitz will discuss the benefits of using a cloud financial management solution including
- Delivery of accurate and timely reporting
- Easier access to data
- Automated processes that will help reduce daily overhead and position your organization for greater efficiency, greater growth, and, ultimately, greater success.
Click Here to Register for How Nonprofits can Save Money and Provide Financial Accountability with the Cloud.