There are more than 1.5 million non-profit organizations in the U.S., including public charities, private foundations, civic leagues, churches, and more. For every organization, there is a range of operational concerns, from how to assemble resources to how to distribute them.
With nonprofits comprising 9.2% of all wages and salaries in the U.S. and taking up 5.3% of the nation’s GDP, it’s no surprise that nonprofit ERP software is increasingly becoming the answer to successful management. Here are a few reasons why.
Having a grant management program that cuts costs and boosts productivity increases the chances of receiving more support in the future. ERP software can automate many of these tasks, providing for timely reports, streamlined transactions and the daily monitoring of expenditures.
Multiple fund management is critical in ensuring the long-term financial viability of non-profit organizations. ERP software includes fund management applications that ensure adherence to mounting reporting guidelines. In addition, with multiple fund management you can manage separate funds for several projects, each with their own summaries. Automated fund management helps make your job easier while reducing the errors that occur with manual financial management.
Nonprofit ERP software also helps organizations prevent overspending and have a better forecast of the future. This is another area where automated management can help you better allocate your resources. Commitment management through ERP software helps nonprofits plan and account for the future while strengthening your financial well-being by preventing any budgeting surprises.
Budget and encumbrance management tools within the ERP software framework allow you to keep your spending under budget. Instant alerts, control modifications, tracking, and approvals are all made easier with easy-to-use software that helps you track your spending and earmarking of funds.
ERP software enables nonprofits to build, maintain and boost the relationships with donors. Also, these tools help cut down the cost of running fundraising campaigns, making your organization more efficient overall.
From relationship building to resource management and allocation, as nonprofit organizations grow, so do their need for reliable software. ERP nonprofit solutions could be just the thing to take their efforts to another level.
Have more questions about nonprofit ERP software? Contact Express Information Systems today for more information!