Solutions for not-for-profits
What you do as a not-for-profit is amazing. When you add the ability to harness data and accurately plan and forecast, imagine how that impact could multiply.
How can you make every dollar and volunteer hour count towards your mission?
Solutions for not-for-profits
With dwindling revenues from government grants and donations, not-for-profit organisations must be able to create budgets and plans that are accurate and readily adaptable to changing conditions. Delivering the same service with less is no easy feat.
When you need to evaluate further service offerings or restructure your operations to keep costs down, rely on the right technology to undertake what-if scenarios to get confidence in the financial impact of every option.
Having clarity on projected future cashflows and key operational metrics in the short and long term will ensure your organisation will continue to serve the community well and remain financially viable.
Watch an example of how you can conduct scenario planning for not-for-profits.
With tight budgets, not-for-profit organisations often maximise the life of entrenched technology platforms.
Resultingly, additional satellite/un-integrated systems are often added to accommodate the expanding needs and services of the organisation, which simply increases the pool of disconnected and siloed systems.
Imagine if you had a piece of technology that could easily adapt with your organisation’s evolving systems and capture and manage key data sets in a systemised, managed and auditable way.
This will remove manual data entry, reduce administrative overhead, improve service delivery and provide better reporting outcomes.
More time and resources for the things that matter
Cohealth was using a legacy accounting system which was full of data and very slow. It was hard to get any value add – or anything – out of it. Their solution now gives them:
- Seamless integration with Microsoft Business Central
- Fit-for-purpose reports for different groups, from banks to funders and internal stakeholders – with visual capabilities
- Self-serve functionality: Authorised users can access reports and drill down for more information without querying the finance team
Some of our not-for-profit clients
At QMetrix our solutions empower you to operate with the agility needed in today’s environment. We work together to deliver the right outcome for your unique not-for-profit.
Operating with real-time insight and precision
Outdated applications, lack of support, a static budget and error prone spreadsheets were part of the College of Surgeons’ planning process. But now with a new solution, they have:
- Accurate and comprehensive annual budgets
- A clear view of the budget process with workflow management
- Real-time self-service access for over 60 managers
Industry Insights
Financial management and strategic planning for not-for-profits
What does financial management and strategic planning look like for not-for-profits? From deep experience working with not-for-profits we share the challenges they face and how these can be tackled.
Case study: A not-for-profit getting the right financial and business insights
To complement Microsoft Business Central, not-for-profit cohealth brought in Workday Adaptive Planning. Learn how it changed budgeting, forecasting and reporting at cohealth.
3 Ways the CFO of a not-for-profit can drive better financial management
The most successful NFPs are those that can leverage robust financial management to maximise impact. [eBook] Here are 3 key things that CFOs of NFPs need to consider.