5 Ways Cloud Accounting Serves Nonprofit Organizations

Running a nonprofit organization can be a challenge. There are day to day operational issues such as managing cash, providing your management team with financial visibility, and helping your organization stick to its budget. There are also unique challenges ranging from dealing with strict accounting requirements to reporting sources and uses of funds.

Cloud accounting can improve operational efficiency in your nonprofit organization. Here are five reasons why:

Very few philanthropic organizations and other nonprofit entities place value in growing and managing a large information technology organization. They don’t want to purchase, operate, and maintain hardware and infrastructure to support financial management. Cloud accounting promises a lower cost of ownership, freeing cash and allowing finance teams to focus on the organization’s true mission.

Sage Intacct’s best-in-class cloud financial solution gives philanthropic organizations and grant-making foundations new levels of efficiency, simplicity, and real-time visibility – while reducing costs. This results in greater performances, increased transparency, and better mission-fulfilling outcomes for your organization.

Content originally from Sage Intacct.
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