2024 Top Risks for Nonprofits and Associations
At the start of 2024, the landscape of risks facing organizations is evolving at an unprecedented pace. The Risk & Advisory Services team at GRF has meticulously analyzed the top risks predicted by political, economic, and business experts, as well as insights from more than 40 years of experience serving nonprofits and associations. The resulting report explores the top risk themes for 2024 and the potential implications for nonprofits and associations.
2023 Top Risks for Nonprofits and Associations
As we look ahead to the new year and beyond, what are leading risk watchers expecting for 2023? The Risk and Advisory Services team at GRF combed through leading political, economic, and business experts’ predictions for 2023 to identify common themes and assess the implications for nonprofits and associations. Major themes include: We are entering…
How to Navigate Complex Expense Reporting and Auditing Problems
A June 2015 report from the Aberdeen Group reported that companies with best-in-class Time & Expense software “require 43% less time to fill out an expense report” and automated expense reports speed up approval time by 265% (from 9.3 days to 3.5 days). This marked improvement demonstrates the value of automation. However, those statistics also…
Building Your Business Case for Planning Software in Just 6 Steps
Building Your Business Case for Planning Software in Just 6 Steps. Now is the time for a planning solution so you can prepare for what’s coming next before it gets here. Modernize and transform your planning process before your next planning season. It only takes a couple of weeks to determine your needs, build a…
2022 Risk Outlook for Nonprofits and Associations
Our 2022 Risk Outlook reflects the key risks that we see our nonprofit and association clients prioritizing and the advice we’re offering our clients to mitigate them. These risks are: Cybersecurity, Information Security, and Data Privacy Disaster Recovery and Business Continuity Third-Party Risk Talent Management Revenue Diversification Diversity, Equity, and Inclusion Fraud Risk Please fill…
Moving Accounts Payable and Vendor Management Functions from Paper Trails to Information Superhighway
Another year has come to a close, and a new one starts. Trends and countless surveys are showing that forcing a return to 100% in-office work will not bode well for organizations. “The great resignation” is happening in part because talented team members know that they can find employee-first organizations who understand there’s no reason…
Year-End Tax and Financial Planning Guide for Businesses
As we wrap up 2021, it’s important to take a closer look at your tax and financial plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situation –– a continued global pandemic, several significant natural disasters, new tax laws and political shifts.
Year-End Tax and Financial Planning Guide for Individuals
As we wrap up 2021, it’s important to take a closer look at your tax and financial plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situation –– a continued global pandemic, several significant natural disasters, new tax laws and political shifts. Now is the time to take a…
6 Key Metrics for Professional Service Organizations
Service Performance Insight conducted a recent survey of 622 professional services organizations ranging from IT Consulting, Management Consulting, Marketing, Accounting, Legal and other types of service-based businesses, that has helped shed new light on performance expectations in a number of key areas. These Key Performance Indicators (KPIs), can help firms benchmark their financial data, and…
5 Telltale Signs Your Nonprofit has Outgrown QuickBooks
Many small nonprofits manage accounting operations with small business software such as Intuit® QuickBooks®. QuickBooks is a great bookkeeping solution for small nonprofits, but as your organization grows in size and complexity, you’ll start to feel some growing pains. You might be able to limp along with QuickBooks, but you’d be missing out on the…