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.
In modern business, data is ubiquitous, perhaps particularly for not-for-profits (NFPs). Since data directly supports decision-making, with NFP organizations actively working to remain on budget and/or on track with members, donors, grants and so forth, data warehousing can be helpful to your Business Intelligence (BI) tasks. If you’re anything like I was when I first heard of a data warehouse solution, you probably have questions. The goal for this article is to deliver the answers for NFP teams to understand how a data warehouse can improve management and analyses of your information from Microsoft Dynamics GP and other data sources.
Some people might think that non-profits are functioning outside of the typical business model, but in reality, data is driving the same vital decision-making for not-for-profit organizations. As non-profits do the hard work of staying on track with budgets, donors, grants, members, and so forth, a data warehouse can be really effective and efficient for your Business Intelligence (BI) processes. With online analytical processing (OLAP) cubes being a common technology presence, the difference between OLAP cubes and data warehouses might seem confusing to you. In this article, we’ll discuss the benefits of data warehousing for non-profit data management and analytics tasks using Intacct.
Dashboards or data visualizations come in the form of graphs, charts, and scorecards, and you’ve undoubtedly interacted with them in some capacity. This is probably because executives are prioritizing this software offering, as Gartner’s recent study on Financial Executive International CFO Technology reported. Since business is always moving at such a rapid pace, we need easily digestible and accessible data analyses. Data visualizations provide precisely that: charts, graphs, and scorecards spotlight trends, successes, and challenges employing key performance indicators (KPIs) and your data to inform management decision-making for a department, a project, and/or the entire organization.
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.
There is a population of non-profit Intacct customers who are overseeing the financials of their organization with multiple locations or entities. Consolidating organizational information from more than one location, sometimes with diverse currencies, can be tedious without a premier financial consolidation solution. Data continues to grow in size and significance in terms of decision-making. More executives than ever are shopping for the right tool to allow their business end users to aggregate data into a set of financial statements or for summarized operational reports. This article will zoom in on features and functionalities for the non-profit Intacct user who performs consolidations for monthly financials or annual budgets for the parent organization.
Whether you call them dashboards or something along the lines of data visualizations, graphical scorecards, or charts, they’re ubiquitous these days. This is likely because they are a top software priority for executives, according to Gartner’s recent study on Financial Executive International CFO Technology. Because we are always seemingly at a breakneck pace in business, we need quickly accessible and digestible data analytics. Dashboards or data visualizations deliver exactly that – graphs, scorecards, and charts that illustrate trajectories, opportunities, and challenges through data and key performance indicators (KPIs) to better manage a project, a department, or the entire organization.
In the world of business today, data is everywhere, perhaps especially for non-profit organizations. Because data informs decision-making, and non-profits are working hard to stay on budget and/or on track with donors, grants, members, and so on, data warehouses can be really impactful to Business Intelligence (BI) processes. I know I had questions about data warehousing when I first heard of the product category, so you might, too. This article will aim to provide you the answers to general and specific questions about data warehouses for managing and analyzing your non-profit data with Intacct.