September 8, 2020
Nonprofit CFOs Agree – Cloud Financials Key in Running a Nonprofit Today
This post was published as part of our guest blog series by our software partner, Sage Intacct, the fastest-growing, most robust nonprofit financial management solution available. 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…
June 22, 2020
Sisyphus Looks Inward: Nonprofit Short and Long-Term Decision Making Starts with Honest Self-AssessmentThis article is the second installment in a guest blog series by Russell C. Pomeranz, President and CEO of Claverack Advisory Group. You can click here to read part one, “Sisyphus Had It Easy: The Case for Nonprofits to Prioritize Long-Term Solutions Even When Short-Term Challenges Abound.” Upon finding out in part one of our series…
June 16, 2020
AP Auditing 101: A Guide for BeginnersEfficient nonprofit organizations pay their vendors, suppliers, utility companies, contractors, and others who provide services or goods in a timely manner. Not giving proper attention to the accounts payable process can really tie a knot in organizational plans, resulting in tense vendor relationships and audit-related headaches. As an accountant, you need to advocate for reliable and…
May 26, 2020
Two Truths and a Lie: Fundraising in a PandemicMy dear friends, colleagues, soul sisters and brothers in the Development department… I see you. You work your tails off when times are flush, and now in the middle of this pandemic and economic fallout, you’re pushing yourself to even more extreme limits. You carry the weight of the organization’s worry within you. You pore…
May 11, 2020
How Accounts Payable Automation Can Strengthen Your Business Continuity PlanThis post was published as part of our guest blog series by our software partner, AvidXchange, the industry leader in automating invoice and payment processes. With today’s reality forcing businesses to quickly implement and put their continuity plans to the test, it’s becoming clear which core processes are critical to maintaining operations. Accounts payable (AP)…
April 27, 2020
Sisyphus Had It Easy: The Case for Nonprofits to Prioritize Long-Term Solutions Even When Short-Term Challenges AboundPhilosophers would contend that Sisyphus had it rough, rolling his rock up a hill only to see it roll back before he reached the top – then doing it all again, over and over, in perpetuity. As agonizing as Sisyphus’ plight may have been, it’s nothing compared to the existential financial and mission challenges nonprofit…
April 21, 2020
The Three-Step Program to Paperless EfficiencyThis post was published as part of our guest blog series by Altec, the provider of DocLink — a robust document management and workflow solution helping businesses manage their document lifecycles from start to finish. We are excited to welcome them as a exhibitor at our annual INNOVATE 2021 conference next year, and thank them…
March 30, 2020
CancerCare – Connecting Anyone Affected by Cancer With Help and HopeThere are over 1.5 million nonprofits in America, and all of them do important work. In such a crowded field, however, some organizations have a more significant imprint than others. CancerCare is a great example. The organization celebrated its 75th anniversary in 2019. As every nonprofit knows, sustaining the mission for year after year is…
March 20, 2020
COVID-19: What Nonprofits Need to KnowThis week has been… weird. The onset of COVID-19 in the US has changed virtually every facet of our world, and it feels like it happened almost overnight. While taking care of your health, your family, and your mental health should be top priority, you are likely facing obstacles related to your nonprofit. How do…
February 18, 2020
5 Questions to Ask Before Your Nonprofit’s Next Software ImplementationIs your nonprofit scouting the arena of back-office systems in the pursuit of increased organizational efficiency and mission success? In the world of software and technology, JMT is referred to as a “Value-Added Reseller” (“VAR”) of the products we represent. As in other industries, many software publishers choose to work with a network of partners…
January 15, 2020
FP&A for Growing Nonprofits: How Vena ExcelsIf you’re at least somewhat struggling with the budgeting and planning process at your growing nonprofit, then chances are you didn’t stumble upon this article accidentally. If your organization hasn’t yet migrated to a full-scale Financial Planning and Analysis (FP&A) tool, then you’re probably either using the deficient integrated budgeting tool that came with your…
December 10, 2019
4 Ways AP Automation Can Help Nonprofit Accounting Teams During Year-End CloseWith more than 20 years of accounts payable (AP) experience in various roles, I’ve witnessed firsthand the transition from paper-based processes to completely automated AP and payment processes. I know how hard it can be for those of us in the accounting space to warm up to the idea of implementing new systems and practices,…
November 25, 2019
Children’s Tumor Foundation – Fighting for Millions Across the GlobeThe Children’s Tumor Foundation (CTF) has never set its sights small. The organization was inaugurated in 1978 with the mission to end neurofibromatosis (NF) – a genetic disorder that causes tumors to grow on nerves, leading to a variety of debilitating conditions. Though considered a rare disorder, NF affects 1 in every 3,000 babies born,…
November 11, 2019
The Whisper in the Ear: A Secret Fundraising Strategy for GalasThe biggest and best gifts come from direct personal conversations built on strong relationships. But how do those relationships start? Prospective donors are not always easily accessible. As major gift fundraisers, we need to be on the lookout for opportunities to connect with our prospects. One of my favorite strategies is “The Whisper in the…
November 6, 2019
Event Recap: How Vena Can Help You Optimize Your Back OfficeIn many cases, time spent on manual processes within finance can amount to a third or even half of a full-time employee per year. For resource-strapped nonprofits, this can be a huge obstacle in the way of planning and making strategic decisions for the future of their organizations. On October 30th, 2019, JMT Consulting and…
October 29, 2019
Technology Matters to Nonprofits: The Impact of Falling Behind the Technology CurveMy wife was recently notified by our wireless provider that her smartphone will no longer be supported. A couple of years ago, when she needed a new cell phone, we made the decision to save some money by buying an older, but not obsolete, model phone. “There’s no reason to spend all that extra money…
October 15, 2019
Nonprofit CFOs Shape their Legacy by Defining and Communicating the Big PictureYou are the CFO of a nonprofit that’s focused on long-term mission fulfillment, financial sustainability, and organizational independence. How do you guarantee that your legacy is aligned with the organization’s long-term success? You may have thought that years of successfully ensuring your debits equaled your credits, that audits ran smoothly, and that financial reports were…
