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Nonprofit Financial Management
Nonprofit organizations are increasingly moving to the cloud for their nonprofit financial management
From charities, trade/membership associations, and cultural institutions, to charter schools and faith-based organizations, nonprofits are moving their financial applications to the cloud to gain better control over their finances, improve operations, increase transparency, and minimize costs.
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Cloud financial applications have two central benefits that are particularly attractive for nonprofit financial management. First, the entire organization can access the financial system from anywhere at any time of day or night. Second, cloud-based applications are vastly more cost-effective than trying to install, operate, manage, and maintain your own financial management and fund accounting software.
With cloud financial applications, you sidestep the large upfront investments, because you don’t need to buy software, hardware, or other infrastructure. Plus, software maintenance is handled by the vendor—not you —so you can focus your financial and human resources on something far more strategic and valuable than finances–your mission.
Of course, cost savings are just the tip of the iceberg. Cloud financial systems like Intacct also offer nonprofits many other key benefits to improve financial operations. For example, Intacct provides real-time operational and financial visibility, delivers robust financial and regulatory reporting, helps you achieve world-class stewardship of funds, accelerates billing and collections, and automates revenue management.
Intacct works with all types of nonprofit organizations to help them achieve the outstanding benefits available with cloud financials. What can we do for you? Contact us today to learn more.