Putting control back into the hands of your not-for-profit

 

Not-for-profit organisations need their dollar to stretch further than others and technology adoption is key to achieving this.

Ensure that funds are maximised and spent effectively with software that improves productivity, collaboration and customer service.

Accuracy & Transparency For Not-For-Profits

Finance teams in the non-profit sector face a unique set of challenges, distinct from their counterparts in for-profit organizations. The core of these challenges are in the differentiation that not-for-profits are driven by mission rather than profit, and often operate under tighter budget constraints with a heavy reliance on donations and grants. This unique business model demands a financial management approach that is both efficient and transparent, ensuring that every dollar is accounted for and used effectively & transparently in pursuit of the organization’s goals.

Non for profit (1)
Non for profit (5)

Cash Flow Control & Management

Non-profit organizations often operate on limited budgets, which are heavily dependent on external funding sources such as donations, grants, and government aid. This creates a scenario of financial uncertainty, where finance teams must plan and execute their budgets with the knowledge that their funding sources can fluctuate significantly.

Managing cash flow under these conditions is a critical challenge, as finance teams must ensure they have enough funds to support ongoing projects and commitments, even when future funding is uncertain.

Increase Transparency, Build Trust

Non-profits are subject to stringent regulatory requirements, particularly concerning financial reporting and transparency. Compliance with these regulations is not only a legal obligation but also a key factor in maintaining trust with donors and stakeholders. Finance teams must ensure that their organizations adhere to these standards, which can vary widely depending on the geographic location and the specific type of non-profit.

The complexity of compliance is compounded by the need for detailed reporting to various stakeholders, including donors, board members, and regulatory bodies.

Non for profit

Diverse Revenue Streams

The diversity of revenue streams in non-profits – from donations to grants, membership fees, and event revenues – presents a complex financial landscape that must be navigated with precision.

Finance teams are tasked with tracking and managing these various streams, ensuring that funds are allocated appropriately and used in alignment with donor intentions and organizational objectives. This requires a robust financial management system capable of handling the intricacies of non-profit finances.

Resource Allocation and Impact Measurement

Non-profits are driven by their mission, and finance teams play a crucial role in ensuring that resources are allocated in a manner that maximizes impact. This involves not only managing expenses and investments but also measuring and demonstrating the impact of these expenditures.

Finance teams must develop metrics and reporting methods that accurately reflect the organization’s progress towards its goals, which is essential for both internal decision-making and external communication with stakeholders.

How Can Finance Automation Transform Your NFP Operations?

Fund Accounting

Sage Intacct’s fund accounting capabilities allow for precise tracking and reporting of funds, ensuring that finance teams can manage and report on individual funds separately, in line with donor restrictions and organizational objectives.

Grant Management

The system simplifies grant management by enabling teams to track grant-related revenues and expenditures, monitor grant performance, and ensure compliance with grantor requirements.

Real-Time Budgeting 

Automation can consistently give you accurate figures on time. This ultimately boosts the efficiency of your organisation, providing you more time for value-added analysis. Accurate financial projections for nonprofit organisations can be obtained quickly and easily, providing a more complete picture of your financial status in half the time.

Forecasting Fundraising & Cash Flow at Record Speed


Reduce the likelihood of cash flow issues by conducting a brief examination of your impending commitments, expected expenses, sales, and gifts. Plan and manage your cash flow on the fly, and analyse key indicators on interactive dashboards. Examine the impact of a fundraising event or membership drive on your short- and long-term strategies, as well as cash flow estimates.

 

Non-Profit Discount Offer

Recognizing the financial constraints of non-profit organizations, Sage Intacct offers a non-profit discount. This discount makes it more accessible for non-profits to leverage this powerful financial management tool, enabling them to improve their financial operations without straining their budgets. The discount offer not only makes the software more affordable but also demonstrates Sage Intacct’s commitment to supporting the non-profit sector.

 
 

Non-Profit Discount Offer

Recognizing the financial constraints of non-profit organizations, Sage Intacct offers a non-profit discount. This discount makes it more accessible for non-profits to leverage this powerful financial management tool, enabling them to improve their financial operations without straining their budgets. The discount offer not only makes the software more affordable but also demonstrates Sage Intacct’s commitment to supporting the non-profit sector.

Why Choose Forpoint for your finance transformation?

It's important to have an experienced team by your side through these complex projects. We've helped hundreds of clients succeed with guidance, implementation & support.

Local Support

Local Support

Forpoint have a local support team to guide and implement your transformation


Our Experience

Our Experience

We've helped hundreds of companies transform their finance function.

Trusted Advice

Trusted Advice

We choose to partner with a range of software so we can tailor your perfect solution.


Value & Flexibility

Value & Flexibility

Sensible rates on projects, ad-hoc or prepaid services which deliver great value and flexibility in all assignments.

Warren Mahoney
5 stars

“The implementation of Workday has gone extremely well. It was one of the best implementations of software I have observed. Well done to you and your team!"

CFO, Warren and Mahoney
Aaron Beveridge
Chief Executive, Racing NSW
5 stars

“Racing NSW are fortunate to have such a great business partner who is professional, dedicated, and efficient in their work. We have, and will continue to recommend your service to other companies and contacts."

Chief Executive, Racing NSW
PN V'LANDYS AM
Financial Controller, Fitzroy's
5 stars

“The Forpoint team were fantastic in assisting us to find solutions to ensure that the processes that we wanted to implement met our needs. The Forpoint team were able to achieve this with us throughout implementation, and we now have a system that works beautifully for us."

Financial Controller, Fitzroy's
PETER GOUGH
Marketing Manager, Weston Energy
5 stars

"The support we’ve received from Forpoint Solutions has been excellent. They’ve guided us throughout the entire process, from helping us identify the right solution for our needs, to implementing Sage intact and ensuring Weston Energy gets the most out of the solution."

Marketing Manager, Weston Energy
DIANA MILLER
Finance Consultant, Abercrombie & Kent
5 stars

"You and the team were amazing yesterday. I just wanted to let you know I greatly appreciated the support and rectification."

Finance Consultant, Abercrombie & Kent
NICK EDWARDS
Operations Manager Finance Systems & Technology
5 stars

"When we were building the interface between BlackLine and SunSystems, it was highly beneficial that Forpoint understood the construct of our company, how these reconciliations needed to be put together from a BlackLine perspective, and why we were constructing reconciliations the way we were. Forpoint’s help was invaluable."

Operations Manager Finance Systems & Technology
KON PAPAKONSTANTINOU
Finance Manager, Flick Anticimex
5 stars

"I was happy with the journey from start to finish...Forpoint was a really good partner for us—very patient and responsive. By working side by side with Forpoint, we were able to finalise the whole implementation quickly, meeting our expectations in terms of timeline. I look forward to working with Forpoint again to further improvements in phase two of our Transaction Matching roll-out."

Finance Manager, Flick Anticimex
ALBERT LAU
CFO, Wex
5 stars

“We work with Forpoint as a partner for multiple products, we have a pretty good and close relationship with them. We find them to be very knowledgeable and capable and have always had successful implementations and actually developed benefits beyond what we thought they would."

CFO, Wex
GUY STEEL
Financial Controller, Total Tools
5 stars

“From the very beginning, Michael and Paul from Forpoint were fantastic to deal with and very orgainised. They made themselves very available to us when questions arose, and that led to us having a really successful project."

Financial Controller, Total Tools
AARI VASILIADIS
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Discover

Forpoint

Want to know more about how Forpoint can help your finance team modernise?

Understand if Forpoint are the right fit for your finance transformation needs.

Book a call & speak to our experienced team today.

Discover

Forpoint

Want to know more about how Forpoint can help your finance team modernise?

Understand if Forpoint are the right fit for your finance transformation needs.

Book a call & speak to our experienced team today.

Products                              Solutions

Sage Intacct                                                  Financial Management Systems

Planful                                                               Forecasting, Planning & Analysis

BlackLine                                                         Financial Close Process

Infor Sunsystems Cloud                         Accounts Receivable Automation

Workday Adaptive                                      Accounts Payable Automation

Zudello                                                             Expense Management

Webexpenses                                               HR & Payroll

Datablend

ELMO

 

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