Nonprofits walk a thin line when it comes to overseeing their operations. They are expected to manage their finances like a for-profit entity, but can run afoul of their mission if they are too effective in doing their jobs. The key to optimizing effectiveness can be found though the use of business intelligence software.Does your nonprofit accounting solution give you…
Nonprofits can utilize the right BI tool to examine:
The first criteria for a good system is that when it comes to designing reports, it is user-friendly–not challenging to operate the system or requiring help from the IT team. End-users should be able to create their own reports, using an at-a-glance dashboard for overviews yet have the capability to do a deep dive.
Web-based solutions, with cloud computing are particularly effective when decision makers are volunteering their time and expertise to help manage an organization. Another benefit of cloud-computing is that it fosters collaboration and keeps analysis on point through real-time access to data. This data is typically pulled from a variety of sources for integrated reporting—whether it involves human resources or membership information.
A good reporting system, therefore, provides nonprofit organizations greater flexibility, streamlined budget and planning process, improved transparency, and better strategic insight.
BI360 by Solver
The leading Corporate Performance Management (CPM) software suite for companies of all sizes. Solver specializes in providing world-class financial reporting, budgeting and analysis with push-button access to all data sources that drive company-wide profitability. BI360 is available for cloud and on-premises deployment.
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The Resource Group is a Sage Intacct Cloud Financials and BI360 Business Intelligence Partner located in Seattle and Portland.
We specialize in working with clients in Washington, Oregon, Montana and Idaho, including Seattle, Portland, Bellevue, Tacoma and Boise. Contact us at 844.287.4760 or email us.