As a nonprofit CFO, you need to be able to use financial and performance data to provide rapid answers for many stakeholders. Yet some of the most common reporting challenges that nonprofit CFOs face include:
• Stewardship and reporting by funds, grants, and donors
• Compliance with federal regulations and donor restrictions
• Board members and executives demanding greater transparency and reporting
• Stakeholders and staff spread across multiple locations that require real-time access
Flexible reporting functionality is a top criterion for nonprofits wanting to replace an underperforming financial management solution. The right financial management and reporting solution can be a critical driver of efficiency and visibility; the wrong solution can be a critical roadblock to strategic improvement.
Download our eBook to learn about the ten symptoms of an inadequate financial reporting system and a look at how finance teams benefit from cloud automation.