Category: "Cloud Technology"

MIP vs. QuickBooks: Affordable Accounting Software for Nonprofits
June 8, 2021
MIP vs. QuickBooks: Affordable Accounting Software for Nonprofits

Explore whether MIP or Quickbooks is the better accounting software for your nonprofit based on the key differences. Replacing an introductory accounting solution like QuickBooks with a mid-market product such as MIP Fund Accounting is one of the most important decisions a nonprofit will make. And one of the most difficult. Upgrading to an objectively…

3 Essential Technologies Every Nonprofit Finance Department Needs in 2021
April 29, 2021
3 Essential Technologies Every Nonprofit Finance Department Needs in 2021

Is Your Nonprofit Evolving as Technology Evolves? Technology is constantly evolving — and so is your nonprofit and the roles within it. Do you feel confident that your nonprofit is set up in a way that allows it to evolve with a changing technological landscape while still keeping its mission top of mind? If you…

2021 Nonprofit Technology Trends Report
March 3, 2021
2021 Nonprofit Technology Trends Report

The report shares the results of over 500 nonprofit finance leaders who participated in the survey. Hot off the press is the 2021 Nonprofit Technology Trends Report. Available in the report are the survey results around the topics of funding and donors; programs and services; communication and constituent engagement; market trends; technology; and accounting and…

To Boldly Go: How AI Will Revolutionize Nonprofit Financial Management
December 7, 2020
To Boldly Go: How AI Will Revolutionize Nonprofit Financial Management

This blog post was written by Sage Director of Industry Marketing Nonprofit, Joan Benson, and originally appeared on the Sage Intacct blog. Nonprofit organizations are frequently adjusting their goals and priorities to meet changing societal and financial trends. Working with small budgets and lean staffing, nonprofits often don’t have the resources needed to truly innovate…

4 Top Features for Nonprofits in Sage Intacct 2020 Release 4
November 23, 2020
4 Top Features for Nonprofits in Sage Intacct 2020 Release 4

Sage Intacct 2020 Release 4 went live on November 15, 2020 and includes a number of features and enhancements to ensure users can work smarter and more efficiently than ever. In this blog, we’ll share the top four release features that most benefit nonprofits: Changes to the 1099 Form NEC  Updates to the Purchasing Allocation function The brand-new Receive a…

When to Consider Moving Your Nonprofit to a Cloud ERP Platform
October 1, 2020
When to Consider Moving Your Nonprofit to a Cloud ERP Platform

Nonprofits are struggling to adapt to the COVID-19 pandemic, just like everyone else. But they have arguably had it worse than other organizations for several reasons. First, during an economic downturn, charitable donations tend to slow down. Nonprofits with reliable funding sources in normal times are having to make do with limited, sometimes shoestring financial…

Nonprofit CFOs Agree – Cloud Financials Key in Running a Nonprofit Today
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…

How Accounts Payable Automation Can Strengthen Your Business Continuity Plan
May 11, 2020
How Accounts Payable Automation Can Strengthen Your Business Continuity Plan

This 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)…

4 Ways AP Automation Can Help Nonprofit Accounting Teams During Year-End Close
December 10, 2019
4 Ways AP Automation Can Help Nonprofit Accounting Teams During Year-End Close

With 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,…

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…

A Nonprofit’s Guide to Government Compliance
May 14, 2018
A Nonprofit’s Guide to Government Compliance

Compliance is a hefty responsibility for nonprofit organizations; indeed, more so than for-profit companies. As the firm Harbor Compliance points out, there’s a good reason for that—nonprofits are exempt from federal corporate taxes and can receive public funding. Both the IRS and states have requirements for nonprofits. The penalties for noncompliance can be severe. A…

How To Reduce Financial Risk for Your Nonprofit
April 16, 2018
How To Reduce Financial Risk for Your Nonprofit

Many nonprofits walk a razor-edge financially. Nonprofits address society’s most difficult issues, compete for limited funding and struggle to find and keep qualified staff to run their organization. A new report by Oliver Wyman, SeaChange Capital Partners, and GuideStar, which examines the finances of more than 219,000 U.S. nonprofits, reveals sobering realities: Around 50% have…

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