Nonprofits walk a thin line when it comes to overseeing their operations. They are expected to manage their finances like a for-profit entity, but can run afoul of their mission if they are too effective in doing their jobs. The key to optimizing effectiveness can be found though the use of business intelligence software.
Nonprofits can utilize a strong BI tool to examine:
The first criteria for a good system is that when it comes to designing reports, it is user-friendly–not challenging to operate the system or requiring help from the IT team. End-users should be able to create their own reports, using an at-a-glance dashboard for overviews yet have the capability to do a deep dive.
Web-based solutions, with cloud computing are particularly effective when decision makers are volunteering their time and expertise to help manage an organization. Another benefit of cloud-computing is that it fosters collaboration and keeps analysis on point through real-time access to data. This data is typically pulled from a variety of sources for integrated reporting—whether it involves human resources or membership information.
A good reporting system, therefore, provides nonprofit organizations greater flexibility, streamlined budget and planning process, improved transparency, and better strategic insight.
As experts in implementing accounting and reporting solutions for nonprofit clients, The Resource Group selected BI360 to meet the dashboard, budgeting, reporting, forecasting and planning needs of Nonprofits. It meets the criteria nonprofits require for meeting the dual challenges of operating efficiently while fulfilling their mission. It provides out-of-the-box integration with many ERP solutions, including Intacct cloud accounting software.
First of all...it's easy Easy EASY!
BI360 integrates with many ERP and financial solutions out-of-the box including:
Don't see your ERP solution listed?
BI360 has a data warehouse that can integrate your data sources into a single database, which can then be managed by your business users.
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The Resource Group is an Intacct Cloud Financials and BI360 Business Intelligence Partner located in Seattle and Portland.
We specialize in working with clients in Washington, Oregon, Montana and Idaho, including Seattle, Portland, Bellevue, Tacoma and Boise. Contact us at 844.287.4760 or email us.