Not for Profit solution

 Not-For-Profit

Not-for-profit organizations are often forced to walk a fine line to ensure a steady stream of funding. They must account for every dollar spent, as their cash is to be used for specified expenditures and grants. The ability to properly allocate this money and provide visibility into its use is the most important task faced by any not-for-profit  organization.

Challenges faced by the Industry:

• Ensuring proper cash management
• Maintaining donor loyalty and retention
• Accountability pressures
• Analyzing expenses for specific funds

Tools available to NFP through NFP Software

Fund Management Control: For your organization to be able to justify its expenditures, you must have the ability to track every dollar spent. Fund Management software will allow you to divide your capital into multiple funds, each with its own authorization protocols, which will prevent the misallocation of funds

Improve Donor Relationships: Advanced Customer Resource Management applications help your business respond quicker to donor demands. In addition, the ability to create customized, real-time reports and financial documents for donors and clients ensures that every step your business takes can be seen by your stakeholders.

Streamline Your Services: With your capital spread out over multiple funds and grants, it is often difficult to analyze costs and implement cost cutting measures. The ability to drill down into specific statistics and to view the expenses for each fund separately assists you in removing wastage of cash from specific operations.

What is my next step?

If you feel that it’s time to take your business to the next level, it’s time to talk to the experts at AccSoft. We’ve been providing solutions to clients across North America since May 2000. Your initial consultation is free of charge and you are under no obligation to buy. Call today!