Not-For-Profit

Not-for-profit organisations possess distinct financial management needs and demands. Automation stands as a fundamental necessity, extending across all aspects, ranging from core financials to the meticulous tracking of grants, billing, and revenue recognition. The systems employed should be flexible and should connect with external systems to harmonise and optimise efficiency across the entire organisation.

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Why NFP Solutions

Accountability and compliance are key for this sector. Automation should extend to the production of real-time reports, ensuring the timely delivery of pertinent data to the appropriate stakeholders. In cases where a deeper examination of specific transactions becomes necessary, the importance of being able to delve into the underlying source transactions, cannot be overstated.

Benefits to
Your Business

In the not-for-profit sector, adapting to evolving regulations is essential for maintaining trust and transparency. Flexible reporting and automation enhance clarity and efficiency, while data visualisation provides accessible insights for informed decision-making.

Compliance

With frequent shifts in requirements, the ability to adapt and maintain compliance is a strategic imperative, ensuring trust and transparency among stakeholders.

Drive Performance

Many organisations still rely on spreadsheets for data capture and reporting. In addition to transparency issues, maintaining spreadsheets can reduce administrative and operational effectiveness. Embracing process automation is the key to enhancing performance and efficiency.

Outcomes

Utilising data visualisation to present outcomes enables informed decision-making. Metrics like volunteer hours, average donations, and the number of meals served should be easily accessible for reference.

Flexible Reporting

Granting stakeholders immediate access to elevated transparency and delivering advanced reporting capabilities to board members and executives instills a greater sense of clarity and confidence in the organisation's reporting systems.

Workflows and Automation

Centralising and automating processes like procure-to-pay and fund and grant tracking is pivotal for this sector.

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