How much is that? Are you sure? Consultants, CPAs, attorneys and other professionals have long relied on time & materials billing as a cornerstone of project costing. When a client approaches with a problem, they estimate the number of hours they will likely need to complete the work and then multiply that by the…
When considering a professional consulting resource for a back office systems project (accounting, donor management, HR, etc.), many people immediately assume that they want to find someone local who can complete the project. The superficial reasons are obvious – why would I want to potentially pay travel costs any time I need to have a…
Among the many advantages of using the top-rated fund accounting solution in terms of user satisfaction is the fact that just about everything in the software just works. Unexpected error messages and bugs are rare. The features are mature, intuitive and designed around how nonprofit and local government agencies do accounting. Considering these factors, many…
by Jacqueline Tiso I read an interesting article on CFO.com recently regarding “big data”, a term that we are hearing more and more about. So what is “big data” and why is it important? Big data is the sum of information your organization captures for who it serves and the services it delivers. So it…
Patterson, N.Y., January 20, 2015 – JMT Consulting Group (https://jmtconsulting.com/), a premier provider of technology and services to the nonprofit sector, announces the availability of Accelerate grants towards the purchase of Abila MIP Fund Accounting software. “Our goal is to empower growing nonprofits with fund accounting software so that they can improve their organization’s financial functions,” says JMT…
Let me start off by saying that there is no single product, technology, licensing model or business process that is the exact right fit for every nonprofit organization. It is incumbent upon every organization evaluating their business systems to do proper due diligence and evaluate all of the appropriate factors that impact the potential success…
Our Abila experts have researched and crafted Key Fundraising Predictions for 2015 to help you gain a clear understanding of the challenges facing your sector in the coming year, and how you can turn them into real advantages for your organization. Below is a deep dive into Fundraising Prediction #1 – Conversion Rate Optimization (CRO)….
In the absence of the right tools and processes, gathering, organizing, validating and presenting the information becomes a labor-intensive, manual exercise that must be repeated at each reporting interval. Multiply this by the number of funding sources requiring reporting and it can overcome an organization’s finance team. When this goes wrong, there is not only…
Sometimes working in nonprofit finance can be frustrating. A tremendous effort goes into carefully planning, recording and reporting financial information to meet regulatory and funder reporting requirements and provide actionable decision support information to the organization’s management team. What we hear very frequently is that managers in some organizations seem indifferent about the information that…
I heard a great term coined recently: “spreadware”, and thought how apt the term was. It speaks to the gradual expansion of spreadsheets, manual workarounds and paper processes that develop within an organization when systems are not working as they need to. Almost every organization I meet with has this malaise. It is a serious…
We all know the story of the “Wizard of Oz” and Dorothy’s journey to follow the yellow brick road in order to reach Emerald City. She chose the path of the unknown and despite all obstacles, the path took her where she needed to be. Like Dorothy’s journey, it is frightening to many nonprofits to…
As many of you may have seen through email communications and press reports, Sage Nonprofit Solutions has completed the next step in their transition to being an independent company. The company that produces the products known as Sage 100 Fund Accounting (aka “MIP”), Sage Fundraising 50, Millennium and Sage Grant Management will now be known…
That’s the question we asked ourselves at JMT a few years ago when we were deciding whether that next big investment in servers and other infrastructure upgrades was the right path. For many businesses and nonprofits, costs related to IT infrastructure, personnel, outside services and all of the other expenses necessary to keep your critical…
Last month we all were given the official news that Sage Nonprofit Solutions was being sold to Accel-KKR, a private equity firm. This week, that sale was finalized and Sage Nonprofit Solutions is legally an independent company, no longer a part of Sage North America. Congratulations to our colleagues at the new company! As we…
The Sage Nonprofit Organization is Being Kept Intact Last week the news broke that Sage Group PLC, the UK-based company that owns Sage North America and many software brands worldwide, was planning to sell Sage Nonprofit Solutions along with a number of other products as part of its stated goal to become more focused on…
Yesterday was a momentous day for JMT…it was our 22nd birthday! I know you would usually think of it as an anniversary, but for some reason I always think of it as a birthday rather than an anniversary as it really was the birth of JMT. And where I couldn’t care less about my…
As many of you may or may not have been aware, last week Sage released their regular mid-year report for investors and market analysts. Unfortunately, the wording in some areas of the report was poorly chosen identifying some products as “core” and others as “non-core”. This caused all manner of responses, including glee from competitors…