When choosing how to manage your nonprofit organization’s finances, it’s vital to choose a path that offers the unbiased directions you need. While there may be instances where working with a Certified Public Accountant (CPA) firm for technology-related matters can be beneficial, there are several reasons why it may not always be the ideal choice. Here are some considerations:
1. Lack of specialized expertise: CPA firms primarily focus on accounting, auditing, and tax-related services. While they may have a basic understanding of technology, their expertise may not extend to complex technological solutions, software development, or emerging technologies. For specific technology-related needs, it is often more effective to work with specialized technology firms or consultants who possess the necessary skills and knowledge in the field. JMT partners with proven solution providers to deliver the features and functions suited to your needs.
2. Limited resources and capacity: CPA firms typically allocate their resources to accounting and tax-related services, which are their core offerings. This may result in a lack of dedicated technology personnel or limited technological infrastructure to support complex technological projects. Implementations are often limited to the design structure that the CPA firm favors. Working with a technology-focused firm like JMT can provide you with a dedicated team, appropriate resources, and infrastructure tailored to your technology needs.
3. Inefficiency and higher costs: While CPA firms may offer technology services as an add-on to their core accounting services, their primary focus is not on technology. As a result, their efficiency in delivering technology solutions may be compromised, leading to longer turnaround times and potentially higher costs. Dedicated technology firms often have streamlined processes and specialized expertise, which can result in more efficient and cost-effective technology solutions. JMT guides you through potential roadblocks –upfront costs, licensing fees, implementation expenses, and maintenance charges – to offer scalable solutions that drive growth without excessive costs.
4. Limited exposure to emerging technologies: Technology is a rapidly evolving field, with new innovations and trends emerging frequently. CPA firms may not have the necessary exposure or resources to stay up-to-date with the latest technological advancements. By working with technology-focused firms, you can tap into their expertise and benefit from their knowledge of emerging technologies, helping you stay competitive in the market. JMT surveys the evolving landscape of software trends, advancements, and technologies to create a roadmap that leads you towards informed decisions.
5. Misalignment of priorities: CPA firms primarily prioritize financial compliance, reporting, and tax-related matters. Technology projects may not align with their core objectives, potentially leading to a lack of attention and priority. This misalignment can impact the quality of technology services provided by the CPA firm. JMT provides a dedicated resource through our Client Experience team to understand your goals, stay connected, and deliver a full return on your investment.
JMT Consulting is 100% dedicated to guiding you through your software implementation – defining objectives, developing plans, and overseeing deployment to ensure a smooth journey. With 30+ years of experience working with over 2,000 nonprofits, our certified NFP veterans deliver results without the potential limitations or inflated costs of a CPA Firm. JMT Consulting leads with dedicated support, ongoing training, smooth implementation, and continued software development so you can achieve your nonprofit’s organizational goals.
Schedule a free consultation to continue your journey today.
