When non profit financial reporting becomes too complicated with Excel and entry level accounting software, charitable organizations often waste valuable time and resources trying to get the reports in the format they want, and month end closings become a headache and a drain on the organizations. Unfortunately, limited resources make full scale enterprise management software an impossibility for many non profit organizations.
But with the power of cloud computing, organizations are able to get on demand products like Microsoft Dynamics GP to streamline non profit financial reporting without the huge capital expenditures. Here are three examples of how non profit financial reporting was made simple with Microsoft Dynamics GP.
Mays Mission for the Handicapped offers job opportunities, scholarships, and support services to people with disabilities across the United States. Mays Mission had been using Microsoft Dynamics GP on premise, but the cost of maintaining and licensing the software grew to be too much for the organization’s limited resources. They needed financial management in the cloud to streamline their system and save on cost. They chose myGPcloud’s hosted on-demand Microsoft Dynamics GP.
“myGPcloud is always there for me when I need it,” said Sherry M. Niehaus, President and Executive Director of Mays Mission for the Handicapped. “It’s easy to use and provides many features that help me work more efficiently. We also use a lot less paper now, saving and sharing reports in more digital files, which are much easier to forward to somebody or retrieve them as needed.”
United Way Worldwide had been producing manual reports inside Excel. Because reporting took so much time, specific employees took ownership of running specific reports, and they only ran those reports quarterly. With Microsoft Dynamics GP in place United is able to streamline reporting, redirect time savings to support change, improve budgeting and grants management and gain financial management controls.
“To run a report, we would extract all the data to Microsoft Excel and then format and process it for further analysis,” said Chris KeightlyVice President of IT United Way Worldwide. “It was a time-consuming effort, and if someone then wanted to see the information in a different way, we would have to start over.”
For years Bancroft lacked fixed asset management and created and distributed paper reports manually using excel and a standalone financial system. Recently they adopted Microsoft Dynamics GP for integrated financial management and reporting. Microsoft Dynamics GP data analytics capabilities have also positioned Bancroft to identify cost savings and new revenue opportunities so that it can reinvest and better serve the children and adults who benefit from its innovative programs.
“With the deep business intelligence in Microsoft Dynamics GP we are able to schedule our month end reports, financial statements, to management with the click of a button, versus the manual way of copy reports and distributing them by hand,” said Mary Halbach, Accounting Manager, Bancroft.