After surviving a sudden shift to dramatically altered working conditions during the pandemic, many nonprofits are now asking what more they can do to streamline finances and operations. This moment presents an opportunity to take steps that can help minimize risks, focus scarce resources on your mission, and build your nonprofit’s sustainability for the long-term.
Nonprofit leaders have always faced a unique set of challenges: how to do the most with less, how to serve constituents, and how to comply with an ever growing, ever changing, endless array of varied reporting requirements. Digital transformation is upon us, and with it comes even greater need for the nonprofit leader to understand and make critical decisions with data in as close to real-time as possible.
The Exit Plan Summit features 30 exit experts from around the world to share collective wisdom on how to make any company sellable.
Spreadsheet-based budgeting and planning is never “board-worthy”, and it doesn’t provide finance teams enough time to do what-if analysis and forecasting. Using a budgeting and planning solution that integrates with your accounting system can save hours to days’ worth of work and eliminate common pitfalls of spreadsheet-based processes. With the right budgeting software, everyone works on the latest version and knows who updated the budget and when. You can create and save multiple scenarios within a single budget, so you have a better handle on your process.