Category: "Budgeting and Planning"

5 Financial Best Practices for Nonprofits
November 9, 2021
5 Financial Best Practices for Nonprofits

Staying on top of your organization’s finances is extremely important, especially in the nonprofit industry – where every penny goes towards achieving your mission. Not only are a nonprofit’s financial decisions scrutinized by the Board, but nonprofits are also under the microscope of the public. Chyla Graham, President of CNRG Accounting Advisory, says, “if nonprofits…

JMT Consulting and Vena as Life Saving Tools
October 28, 2021
JMT Consulting and Vena as Life Saving Tools

Tools to Navigate a Nonprofit Budget Process In the past few years, we, as a whole, have learned that there’s no excuse for working with outdated technology, especially when it comes to the process of budgeting. When we talk with nonprofits about their budget process, it’s usually accompanied by moans and groans about what an…

Attributes of Grant-Winning Charities
July 27, 2021
Attributes of Grant-Winning Charities

Grants are usually awarded because the charity presents a set of intangible reasons that helped convince the foundation staff and board to make the commitment How often do we find ourselves feeling more than a touch of envy when we hear of another charity – much like our own – winning a grant? Followed by…

Nonprofit Passion and the Need to Digitally Transform
July 26, 2021
Nonprofit Passion and the Need to Digitally Transform

Nonprofit organizations need very strong fund accounting and grant management support I admit I am new to the technology world of nonprofits, having come from enterprise solutions in the manufacturing and supply chain world for multi-billion-dollar organizations. Though nonprofit organizations tend to be much smaller, that does not seem to make their needs for certain…

Can Nonprofits Make Money?
July 22, 2021
Can Nonprofits Make Money?

In order to function and truly be successful at reaching its goals, a nonprofit must conduct itself as a business, and yes, that means making money It’s a common misconception that nonprofits must end their fiscal year with a balance of zero dollars, or close to it, in order to make their mission successful and…

Sage Intacct Budgeting & Planning vs. Vena
May 25, 2021
Sage Intacct Budgeting & Planning vs. Vena

With FP&A software becoming important for nonprofits, learn how to pick the right solution from two leading options. Sage Intacct Budgeting & Planning vs. Vena: Two Great Options, One Right Choice As nonprofits contend with rising expectations, increasing competition, and evolving funding sources, the need for effective financial planning and analysis becomes urgent. Most nonprofits…

10 Ways You’ll Benefit from Sage Intacct Budgeting and Planning
December 15, 2020
10 Ways You’ll Benefit from Sage Intacct Budgeting and Planning

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. The need for control over the budget has never been greater. Equally critical today is the need to quickly adjust plans with minimal confusion. If you’re struggling with Excel…

How Nonprofit Finance Leaders Can Support Agile Program Planning
November 17, 2020
How Nonprofit Finance Leaders Can Support Agile Program Planning

This post was written by our software partner, Vena Solutions, and originally published on the Vena Solutions blog. Powered by certified planning experts, Vena’s FP&A interface pairs the best parts of Excel and the ability of a full finance-led planning solution so you can streamline your workflows without upending your processes. Looking to level up…

FP&A for Growing Nonprofits: How Vena Excels
January 15, 2020
FP&A for Growing Nonprofits: How Vena Excels

If 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…

Event Recap: How Vena Can Help You Optimize Your Back Office
November 6, 2019
Event Recap: How Vena Can Help You Optimize Your Back Office

In 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…

The True Costs of Nonprofit Budgeting with Excel
February 23, 2018
The True Costs of Nonprofit Budgeting with Excel

Excel is the go-to reporting and budgeting tool for countless finance teams, including financial planning and analysis (FP&A) professionals. In fact, there are more than one billion users worldwide—that’s about one in seven people! Excel is comfortable and familiar, but for growing nonprofits, it can be a real drag on your budgeting processes and productivity….

Cloud vs. Traditional Fund Accounting Software: Comparing the True Costs
January 17, 2018
Cloud vs. Traditional Fund Accounting Software: Comparing the True Costs

In the good old days, comparing the cost between different financial management solutions was fairly straightforward. They were built on similar technology platforms and were going to be deployed in roughly the same fashion. The only considerations were subtle differences in system requirements and pricing. The advent of subscription-based (SaaS) cloud applications for fund accounting…

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