\n<\/p>\n
Living in a post-pandemic world, many organizations have evaluated whether their current accounting software truly meets their needs. It may be time to consider the costs and benefits of using cloud-based accounting software for your Not-for-Profit Organization.<\/p>\n
With cloud-based accounting, your organization will no longer require a server to host the software, therefore saving on server maintenance costs. Cloud-based accounting is also far more secure than the former desktop versions. There is also the additional benefit of being able to access the software from any location, so long as you have internet access.<\/p>\n
Under many current systems, software updates can be a tedious undertaking. \u00a0Oftentimes, this needs to be completed on a system-by-system or PC-by-PC basis. Software updates can become costly and are required more frequently as the software ages. This means software patches will become a consistent need in order to keep up with the heavily demanding requirements of our day-to-day operations- if they are even available. In cloud-based accounting software, updates are done regularly right at the source. Organizations will no longer have to question whether they are running the most up-to-date versions. The updates are done quickly, automatically, and typically for no cost as they are included in the monthly operating cost of the software.<\/p>\n
Cloud-based accounting software can reduce the need for manual rekeying and spreadsheet workarounds which means less time spent on routine, monthly journal entries. Automation reduces the risk of human error and the need for multiple individuals to review the data. Most excitingly, these systems provide organizations the ability to scale and flex to meet their demands as they grow. This can save your business both time and money down the line from having to transition to another accounting system.<\/p>\n
Many platforms can be integrated with a cloud accounting software. Some of these include, but are not limited to, payroll and CRM. Since these systems work from the same database, it provides an accurate, real-time view of financial data across the entire business.<\/p>\n
Not sure if switching is the right move for your organization? Our NPO experts would be more than happy to discuss this with you.<\/p>\n<\/p><\/div>\n