The Acumatica cloud-based enterprise resource planning (ERP) system was created to meet the evolving needs of small to medium-sized businesses. Designed as a single source for all of your core business functions and customizable to suit your organization makes Acumatica is ideal for the unique needs of your nonprofit organization.
Here are three key ways Acumatica can benefit your nonprofit organization:
1. Scalability for smooth transitions with mergers and acquisitions
Mergers and acquisitions are commonplace in the world of nonprofit organizations. Acumatica allows for the streamlined transfer of data from complex services from a variety of sources and technologies, into one cohesive system.
Unlike a more traditional business organization, NPOs can have a greater need to provide a variety of services to disparate populations. Acumatica has the role flexibility to meet those needs, and the ability to scale your services as your business grows.
2.Budget-friendly alternative SAP with robust financial tools
A traditional SAP system can be very costly, requiring a significant upfront capital investment, and ongoing administrative costs. As a cloud-based platform, Acumatica significantly reduces both. The subscription model of Acumatica allows budget-conscious NPOs to pay monthly while only being charged for the services being used.
Acumatica also provides the ideal financial management tools for simple and complex organizations alike, enabling the migration of data from legacy sources, and the ability to simultaneously manage multiple entities within one organization.
In addition, Acumatica’s Nonprofit Accounting Solution is a turnkey financial solution providing:
- Fund Accounting
- Restricted Funds Management
- Grant Management
- Encumbrance Accounting
- Budget Verification and Validation
- Board Management
- Volunteer Management
- Enhanced Audit Trail
3.Ease of access for unlimited users, regardless of location
As a cloud-based system, Acumatica allows users real-time access to data across all business functions, regardless of location.
Add and remove users without limitation, and manage access as needed for collaboration and role changes. In addition, without the bandwidth restrictions of an on-premise server environment, cloud-based Acumatica has the capacity for all users to access data simultaneously.
To learn more about how Acumatica can benefit your nonprofit organization, watch this on demand webinar.