If all you are providing to your managers is a black and white budget-to-actual comparison for the prior month, chances are it’s not getting a lot of attention (sorry). Many organizations fail to deliver meaningful support data to managers who could use it for better decision-making. This is because financial management in Nonprofits is often viewed as an exercise in compliance and not a strategic management function.
Make your managers pay attention. If all you are providing them is a black and white budget for the prior month, chances are it’s not getting a lot of attention (sorry). Deliver more meaningful data to managers so they can use it for better decision-making. Financial management is often viewed as an exercise in compliance and not a strategic management function in nonprofits.
JMT Consulting Group works with executive teams of nonprofit organizations to identify the drivers and KPIs that are most important for their financial situation. We also evaluate systems to determine the best method of capturing, consolidating and presenting the data necessary to provide this support data.
With effective management reporting systems, nonprofit organizations experience:
JMT will carefully help you evaluate your management reporting needs and recommend appropriate tools to facilitate the automatic generation of management reports and dashboards, allowing management at all levels to make better strategic decisions.