Financial reporting has traditionally been the lead singer if Business Intelligence (BI) processes were in a band, and it is no different for non-profit organizations. If you’re utilizing Microsoft Dynamics GP, you know that the accounting system is equipped with several native financial reporting functions. However, plenty of organizations are moving to independent software vendor (ISV) offerings for their regular financial reporting tasks, but why? Third party software solutions for financial report writing are designed in response to consumer demands, streamlining and expanding analytics for more robust insight into your data, trajectories, successes, and challenges. This article will explore the benefits of an ISV financial report writer for non-profit organizations using Microsoft Dynamics GP.
This article will discuss today’s best budgeting and forecasting tools for not-for-profit organizations, specifically regarding their built-in features and functionalities to expand your Microsoft Dynamics GP experience.
Budgeting is such a crucial task, no matter if you’re budgeting for yourself or on the organizational level. Regarding not-for-profit (NFP) organizations, budgeting might be the particular reason you are still afloat, living within your means to deliver for the community. Recently, I had the opportunity to speak with NFP budget contributors, and the common theme was that technology has historically been restrictive when trying to meet modern planning goals. Excel might suffice for your household budget, but is challenging for any healthy organization. If you’re reading this blog post, you’re likely shopping around for independent software vendor (ISV) budgeting software that can read your historical Microsoft Dynamics GP figures and/or perhaps data from additional sources, like payroll from ADP or Ceridian, to streamline and improve your planning process. Today’s planning solutions deliver secure collaboration functionality for planning tasks, which makes the inherent teamwork easier, so that your organization can be successful in living within their means.
Budgeting is such an important process, regardless of whether you’re doing financial planning in your personal life or full-scale organizational budgets and forecasts. For non-profit organizations, budgeting can be the exact reason you are able to live within your means, surviving to continue providing what the community needs. When recently speaking to non-profit budgeting contributors, I discovered that one of the biggest hurdles is the technology they are using to respond to today’s complex planning demands. Excel might be perfect for a household budget, but performs subpar for any organization of a healthy size. If you’re reading this article, you’re probably looking at independent software vendor (ISV) budgeting tools that can bring together your historical Intacct actuals and/or maybe information from another system, like payroll from ADP, to simplify and upgrade your planning processes. Modern planning software delivers secure collaboration for your budgeting and forecasting tasks, which streamlines the requisite teamwork, so that you can successfully live within your organization’s means.
Financial reporting is arguably the touchstone in terms of Business Intelligence (BI) analytical processes, and for non-profit organizations, it is no different. If you’re using Intacct, you know that there is financial reporting functionality built right into the Enterprise Resource Planning (ERP) system. But there are plenty of organizations turning to third party products to perform these routine tasks of producing financial statements – why? The independent software vendor (ISV) offerings for financial reporting software are designed with consumer demands in mind, and they streamline and expand analyses for a richer understanding of the data, trends, opportunities, and challenges. This article will discuss the benefits of third party financial reporting solutions for non-profit organizations using Intacct.