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Business Central is the right choice for your nonprofit organization
More and more nonprofits are turning to technology to help them achieve their mission. As a part of this trend, many nonprofit organizations in Alberta and elsewhere are embracing Microsoft Dynamics 365 Business Central as their preferred business management solution.
Business Central is a cloud-based ERP system where Microsoft deploys, maintains, and updates the application in the cloud, saving your resource-pressed nonprofit the time and money associated with hardware and software management.
Business Central connects your nonprofit’s finance, fund development, marketing, and operations in one easy-to-use solution. Business Central also offers fund accounting and grant management capabilities, critical tools for nonprofits that manage restricted funds and grants.Â
If your nonprofit is currently using QuickBooks or Sage Simply Accounting and you feel like you are starting to outgrow your existing system, Business Central may be the logical next consideration.
Business Central for nonprofit organizations: Here are the benefits
What do you gain with a move to Business Central? You will improve your productivity with insights and automated processes within existing applications like Outlook, Teams and Word. Excel integrates with Business Central to create and modify records, upload budgets, generate reports, and more.
You will gain greater control of your data and financial information. Your finance team will generate improved finanical reporting so you can monitor your performance and cash flow.
The relationships you have with your donors and funders are your most important asset. Business Central offers donor stewardship and fund development tools that will allow you to manage prospects, monitor agreements, oversee any restricted funds, and most importantly, improve your fundraising.
Nonprofits manage considerable sensitive information on donors, clients, and more. Business Central gives you improved security and privacy and your information is only accessible to the right people within your organization.
Many nonprofits are often resource challenged, with a limited team of people who are tasked with doing a lot. Business Central enables your organization to automate routine processes in your organization. This feature ensures you use your time and resources wisely so your team can prioritize its time on your mission and strategy.
JoeDynamics recognizes that changing your accounting system is something your nonprofit needs to plan for. We offer a few thoughts for your organization to consider:
- Give yourself at least one year of planning before you want to deploy a new system like Business Central.
- Many nonprofits have limited to no technology support and counsel. It can be very helpful to engage an advisor experienced with ERP implementations, especially implementations of Business Central. A good ERP partner will take the time to understand your organization and needs today and in the future.
- With your implementation partner, ensure a detailed plan is developed that guides your transition to your new Business Central system. Your plan should include timelines, costs, deliverables, and who is responsible for what. A solid plan gives you what you need for buy-in by your senior management team and your board of directors.