Automation, artificial intelligence, and cloud solutions are key drivers in the future of financial technology, but how do you know which tools and trends are worth the time and money to invest in for your nonprofit? During this session, we break down what you should pay attention to when it comes to your organization’s financial planning & analysis process.
Tools that promote automated processes will continue to allow nonprofits to spend less time on repetitive, manually-intensive work and more time making strategic decisions. Knowing the actuals and future trends of the organization gives management the closest thing to a crystal ball for guiding their programs. Unfortunately, several barriers stand in the way, including manual processes, multiple data sources, and data that is difficult to visualize and share across departments.
The best tools on the market today will allow your organization to:
- House all data in a centralized multidimensional database,
- Conduct effective collaboration and workflow automation,
- Integrate financial and non-financial data, and
- Manage governance & control