The Cost of Developing Your Not-For-Profit Budget

As a not-for-profit organization, you have very specific challenges when it comes time to develop your budget. You must align spending with your mission and allocate purpose-specific donations, all while making sure you have something set aside for unpredicted events that could impact your mission.As a not-for-profit organization, you have very specific challenges when it comes time to develop your budget. You must align spending with your mission and allocate purpose-specific donations, all while making sure you have something set aside for unpredicted events that could impact your mission.

As a not-for-profit organization, you have very specific challenges when it comes time to develop your budget. You must align spending with your mission and allocate purpose-specific donations, all while making sure you have something set aside for unpredicted events that could impact your mission.

Systems Slow as Molasses

If like many penny-wise not-for-profits you are working with an old, clunky accounting management system, chances are data is slow coming and reliant on manual processes. The true cost of developing your budget is hidden within the mountains of spreadsheets. This lack of efficiency is just the start of your problems.

Fragmented Data

In order to succeed, you need to ensure every cent possible is spent supporting your non-profit’s mission – this requires solid fiscal management.

If you are still relying on accounting management and operating systems where the most minor alterations demand a custom solution, you are stuck trying to make sense of bits and pieces of data. You are unable to access the united financial view required to make informed decisions.

This means when budget time rolls around, your accounting department is stuck manually extracting the data it needs in order to support mission-critical decisions. Because this is difficult to do, the task and related pain is then passed on to the IT department.

Though you think you have saved precious dollars through not investing in new technology, you have sacrificed efficiency and, more importantly, employee morale.

Eliminate Pain with Comprehensive Software

Stop putting yourself, your employees and your not-for-profit through unnecessary anguish. A comprehensive business management solution can enter, distribute, manage and integrate your budget data. And purchasing a new solution may very well cost less than the annual maintenance on a legacy system like AS/400. You can then create reports and share that accurate, integrated data among departments.

Meanwhile, your IT team will be free to focus on their day jobs, while finance will have the rich data needed to analyze spending and revenue.

A Worthwhile Investment

Though your board of directors may initially balk at the cost of implementing a new business management solution, with proper preparation, you can safely argue that the inefficiencies caused by not upgrading will cause far greater damage to your non-profit organization.

Automating your budget development is just one way of making your not-for-profit more efficient and effective.

Systems Slow as Molasses

If like many penny-wise not-for-profits you are working with an old, clunky accounting management system, chances are data is slow coming and reliant on manual processes. The true cost of developing your budget is hidden within the mountains of spreadsheets. This lack of efficiency is just the start of your problems.

Fragmented Data

In order to succeed, you need to ensure every cent possible is spent supporting your non-profit’s mission – this requires solid fiscal management.

If you are still relying on accounting management and operating systems where the most minor alterations demand a custom solution, you are stuck trying to make sense of bits and pieces of data. You are unable to access the united financial view required to make informed decisions.

This means when budget time rolls around, your accounting department is stuck manually extracting the data it needs in order to support mission-critical decisions. Because this is difficult to do, the task and related pain is then passed on to the IT department.

Though you think you have saved precious dollars through not investing in new technology, you have sacrificed efficiency and, more importantly, employee morale.

Eliminate Pain with Comprehensive Software

Stop putting yourself, your employees and your not-for-profit through unnecessary anguish. A comprehensive business management solution can enter, distribute, manage and integrate your budget data. And purchasing a new solution may very well cost less than the annual maintenance on a legacy system like AS/400. You can then create reports and share that accurate, integrated data among departments.

Meanwhile, your IT team will be free to focus on their day jobs, while finance will have the rich data needed to analyze spending and revenue.

A Worthwhile Investment

Though your board of directors may initially balk at the cost of implementing a new business management solution, with proper preparation, you can safely argue that the inefficiencies caused by not upgrading will cause far greater damage to your non-profit organization.

Automating your budget development is just one way of making your not-for-profit more efficient and effective.

Systems Slow as Molasses

If like many penny-wise not-for-profits you are working with an old, clunky accounting management system, chances are data is slow coming and reliant on manual processes. The true cost of developing your budget is hidden within the mountains of spreadsheets. This lack of efficiency is just the start of your problems.

Fragmented Data

In order to succeed, you need to ensure every cent possible is spent supporting your non-profit’s mission – this requires solid fiscal management.

If you are still relying on accounting management and operating systems where the most minor alterations demand a custom solution, you are stuck trying to make sense of bits and pieces of data. You are unable to access the united financial view required to make informed decisions.

This means when budget time rolls around, your accounting department is stuck manually extracting the data it needs in order to support mission-critical decisions. Because this is difficult to do, the task and related pain is then passed on to the IT department.

Though you think you have saved precious dollars through not investing in new technology, you have sacrificed efficiency and, more importantly, employee morale.

Eliminate Pain with Comprehensive Software

Stop putting yourself, your employees and your not-for-profit through unnecessary anguish. A comprehensive business management solution can enter, distribute, manage and integrate your budget data. And purchasing a new solution may very well cost less than the annual maintenance on a legacy system like AS/400. You can then create reports and share that accurate, integrated data among departments.

Meanwhile, your IT team will be free to focus on their day jobs, while finance will have the rich data needed to analyze spending and revenue.

A Worthwhile Investment

Though your board of directors may initially balk at the cost of implementing a new business management solution, with proper preparation, you can safely argue that the inefficiencies caused by not upgrading will cause far greater damage to your non-profit organization.

Automating your budget development is just one way of making your not-for-profit more efficient and effective.

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