Ultimately, all nonprofits have the same mission: to make a connection with the public that drives membership and visitors, while creating an interest in their mission. Unfortunately, many organizations have been forced to rely on outdated accounting software that can hinder a complete organizational view of financial health. The recession has forced many nonprofits to put off ERP upgrades, and it’s easy to understand why. A recent study by the nonprofit research group GuideStar regarding the effect of the economy on the Nonprofit sector found that 40% of nonprofits have seen contributions decreases and many have had to cut back on spending as a result.
But is now the time to cut back on ERP spending? As I recently blogged regarding the down economy, there are many reasons to purchase software now: the economy will rebound; despite the doom and gloom, there is a record amount of cash in the market right now; and there are deals to be had that may never return.
For those reasons, now is a good time for nonprofits to upgrade to financial management tools that focus on your mission. Microsoft Dynamics GP offers powerful nonprofit management solutions focused on common needs: improved membership management, accurate and timely reporting, easier access to data, and automated processes that help reduce expenses. This allows nonprofit staff to spend more time on grant management and donor solicitation.
Certainly nonprofits are under enormous pressure to get more down with less, but still there are many compelling reasons to act now. Investing in the rich functionality of Dynamics GP can help nonprofits manage their expenses simply and inexpensively.
By Intellitec Solutions, Microsoft Dynamics GP Partner serving Pennsylvania
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