In the mission-driven nonprofit world, accounting and financial management can sometimes slip down the priority list. It’s not always easy to allocate budget dollars to back-office infrastructure that doesn’t directly support the nonprofit agenda, and it’s even harder to find the time and expertise to make it all work. Consider some of the obstacles:

  • Capital investment for software and hardware
  • Facilities and expert personnel to implement and maintain the system
  • Lengthy deployment cycles
  • Capacity/scalability
  • Reliability/availability

These issues aren’t part of most nonprofit organizations’ core competencies. That’s why many nonprofits are increasingly turning to new-generation cloud-based solutions to automate financial management. Cloud-based financials enable the application vendor to deliver shared, scalable services that nonprofit agencies can access over the Internet using a web browser or mobile device. There’s no need to buy, own, license, understand, manage or control the underlying hardware, software or data/networking infrastructure that supports the financial infrastructure. Cloud services are typically delivered on a term-based subscription basis, eliminating the need for upfront software licensing fees or major purchases of hardware. The result is cost-effective, anytime, anywhere managed access.

While the urge may be to invest in programs rather than technology, it may be wise to calculate how a modest investment in technology can transform operations and ultimately help better manage programs. Cloud technology is much easier to implement than legacy systems of the past, and quickly delivers a return on investment.

View this short, on-demand video to learn more about the cloud-based solutions we recommend and be sure to contact Doeren Mayhew today with any questions.