Only 11% of Nonprofits Run Efficiently
Hold tight. What I’m about to tell you might make you cringe. If it doesn’t, we need to talk!
One of the last nonprofits I consulted for used an Excel database to record checks received. A part-time recent college graduate was in charge of retrieving the checks and compiling the bank deposit.
Were there errors? Sometimes.
Did this staffer have questions? Often.
Did they have questions they never asked? Probably.
Was this process efficient? No!
Queue my broken record: There has to be a better way!
I’ve worked in the social impact sector most of my life. I think nonprofit professional do-gooders are highly innovative, intelligent and creative. Truth: we are scrappy geniuses. Put that on your resume!
So, why are some nonprofits still operating in the paper trail dark ages? Excuses of the past are no longer valid. Today’s back office technology is widely available, user-friendly, cost-effective and downright awesome! Fox-tastic, as we say at Blue Fox.
[Don’t Let FinTech Scare You – Our Top 4 Back Office Tech Tools]
Don’t feel bad if your back office is behind the times. You’re not alone. This Yale Insights article highlights a shocking fact, “According to NetChange’s long-running survey of technology use by nonprofits, only 11% view their organizations’ approaches to digital as highly effective.”
Imagine what your nonprofit could accomplish if your back office was humming away in a highly efficient manner?! Theoretically, you could do more than 89% of other nonprofits. Not that it’s a competition. ;)
Well, I take that back. I’m a competitive person, and let’s face it: all nonprofits are competing for market visibility and funding. These two functions directly affect your nonprofit’s ability to make a positive impact in your community.
Moral of the story: free up back office inefficiencies and go after what really matters.
So, how much time does technology and automation actually save you?
Giveeffect, a nonprofit software provider found that automation can save an organization over 30 hours per month. That’s huge! I say, take those 30 hours and throw them at mission related work.
Do I have you thinking yet?
It’s almost 2020. People thought cars would fly by now. Even more, people thought they would fly by now. (I was promised a jetpack!)
Technology advances are slow in some industries, but your nonprofit’s back office can and should be fully automated with today's proven tools. No excuses. Our team at Blue Fox uses the best-of-breed technology and we train our clients how to be FinTech rock stars.
We understand, change is hard. That’s why we encourage you to invite a professional nonprofit-focused accounting firm to help along the journey. Wink, wink – that’s us!
Make a virtual appointment with our CEO today. It’s time to get up to speed with the latest technology. Consultations are complimentary and often enlightening. Call (321) 233-3311 or email email@example.com.
Blue Fox will get you sorted!
Author: Chelsea Clementi, MBA, Director of Marketing & Business Development, Blue Fox
Welcome to the Blue Fox Blog! A fairly entertaining source of info and news related to our company, nonprofits, social sector trends, and, of course, accounting. Enjoy!
Back to Basics: How to Set Up Your Nonprofit Chart of Accounts
How "Small" Payroll Mistakes Cause Multi-Year S#!t Storms for Nonprofits
Behind the Scenes, New Client Onboarding Call
When to Hire a Tax Professional - 10 Factors to Consider
40+ Ideas to Light a Fundraising Fire Under Your Nonprofit Board Members
Why Outsource Your Nonprofit Accounting to Blue Fox? Ask One of Our Newest Clients
Client CASE STUDY: One of The Most Financially Sustainable Nonprofit Orgs We Know
The Magical Nonprofit Financial Ratio Matrix
10 Reasons to Outsource Your Nonprofit Accounting
How to Make Your Nonprofit Recession-Proof
How to Engage Your Board of Directors in Financial Conversations
QB Tip of the Month: How to Use Classes for Painless Grant Writing
When to Hire an Accountant for Your Social Impact Org
Are You Paying Too Much for Payroll?
Blue Fox Teams Up With Bloomerang to Develop Nonprofit Resources
Blue Fox Earns Better Business Bureau Accreditation
Blue Fox Launches Protected By Logo
Blue Fox - The Origin Story