Successful non-profits need more than donations—they need technological solutions to move their mission forward. With tight budgets and a need to diversify funding streams, charities big and small want to make their money work harder to support their top priorities.
With different accounting rules and standards to a commercial organization, multiple projects to administer at the same time, and often dealing abroad in different currencies—a non-profit's accounting needs are complex.
Strict requirements governing your organization's activities mean that having access to accurate, detailed transaction information for any given fund or project is vital to stay compliant. You need to make sure your organization and all its activity is totally transparent with the latest detail. Keeping on top of it all can be a major headache, but staying open and accountable is vital to ensuring supporters and stakeholders are fully engaged with your work.
For non-profits, reporting is mission critical. With multiple reports to prepare, for supporters and stakeholders as well as for authorities and regulatory agencies, an ability to easily provide accurate, detailed financial information is key. Reports for board members, contributors, and regulatory bodies that trace funds received to specific program expenditures—can be extremely time-consuming.
Routine administrative tasks can take up valuable time—distracting your focus on critical decisions and strategic initiatives, and disrupting your team's ability to get on with the work they care about. With budgets tightly constrained, it's vitally important that your people are able to focus on your core mission—helping others.
