Today’s nonprofit finance leaders must make decisions on the fly, and those decisions must be based on real-time financial data. After all, with changing regulatory requirements and increased demand for program services, nonprofit finance leaders are expected to keep an eye on multiple donors and funding sources amid frequent changes.
This means your nonprofit accounting software must help you balance the need to manage increasing organizational complexity with the need for speed.
Ask yourself: Is your accounting and financial management software helping your nonprofit achieve your mission or is it holding you back?
Legacy accounting systems make it difficult to get fast and reliable financial information. If this rings a bell, it might be time for your nonprofit to make the switch to a modern accounting solution.
Before making the leap, it's crucial to understand the implications of all options: on-premises, hosted, and cloud computing. So, how can you tell which accounting alternative is best for your nonprofit?
Whichever solution you choose, you should expect faster financial closes, easier regulatory compliance, less manual work, real-time visibility and reporting, and an outstanding service level agreement.
To help you along your buying journey, download the Nonprofit Accounting Software Buyer’s Guide below. We'll explore why legacy systems make it difficult to get good financial information, what to expect from a modern cloud-based solution, and how to make sure you choose the right solution for your nonprofit organization.
In this guide, you’ll discover:
• Why most financial management software systems hinder your ability to get good financial information
• The six key questions you need to ask before considering a move to a cloud-based financial solution
• Why the process for evaluating software is different for cloud solutions