How Tangicloud, Solver, and Dynamics 365 Business Central can streamline budgeting and reporting for non-profits
Non-profit organizations face a unique set of challenges when it comes to budgeting and financial reporting. Often working with limited resources and complex regulations, non-profits must ensure that their finances are accurate and transparent while also demonstrating accountability to donors and stakeholders. To meet these demands, many non-profits are turning to modern corporate performance management (CPM) software like Solver, which integrates directly with Dynamics 365 Business Central and the Tangicloud non-profit add-on ISV solution.
The benefits of a strong budgeting and reporting process for non-profits are clear. By streamlining these essential tasks, non-profits can improve accuracy, transparency, and accountability while freeing up resources for other important initiatives. Here are just a few of the top challenges that non-profits face when their budgeting and reporting processes are not streamlined:
- Inaccurate or incomplete data, leading to errors and inconsistencies in financial reporting
- Time-consuming manual processes that take away from other important tasks
- Lack of visibility into financial performance, making it difficult to identify areas for improvement
- Inability to quickly adapt to changing circumstances or regulations
- Security risks associated with outdated or unsupported software
To address these challenges, non-profits can turn to a cloud-based CPM software like Solver, which integrates seamlessly with Dynamics 365 Business Central and the Tangicloud non-profit ISV solution. With Solver, non-profits can benefit from:
- Greater accuracy and transparency in financial reporting, thanks to real-time data integration and analysis
- Reduced manual workload, freeing up time for other important tasks
- Improved visibility into financial performance, making it easier to identify areas for improvement and opportunities for growth
- Increased adaptability to changing circumstances or regulations, with flexible planning and reporting tools
- Stronger security and compliance, with built-in controls and audit trails to ensure data integrity
A best practices budgeting and reporting process can make life easier for non-profit financial managers in charge of these essential tasks. With modern CPM software like Solver, financial managers can:
- Spend less time on manual data entry and more time on strategic planning and analysis
- Reduce stress and evening work associated with reporting and budgeting
- Gain valuable skills in new technologies, positioning themselves for career advancement opportunities
- Demonstrate accountability and transparency to donors and stakeholders, building trust and support for their organization
In conclusion, non-profits face unique challenges when it comes to budgeting and financial reporting. By deploying modern cloud-based CPM software like Solver, integrated with Dynamics 365 Business Central and the Tangicloud non-profit ISV solution, non-profits can streamline these essential tasks, improve accuracy and transparency, and free up resources for other important initiatives. A best practices budgeting and reporting process can make life easier for non-profit financial managers, empowering them to take on new challenges and drive growth for their organization.
Overall, a cloud-based CPM software like Solver, integrated with Dynamics 365 Business Central and the Tangicloud non-profit ISV solution, is a powerful tool that can help non-profits achieve their financial goals and build a more sustainable future.
Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now.
