It is highly likely that all nonprofit organizations would say they could leverage technology more to be of benefit to their nonprofit. Exchanging information using paper or outdated systems won’t allow you to keep up. Our world necessitates that you keep up with the business world as a nonprofit or you likely won’t survive long. Therefore, you need a Cloud computing solution that will allow you to keep up with financial reporting and accounting tasks while saving money not buying a robust software solution that is too much for your organization and too costly as well. The Beck and Company Certified Public Accountants and Business Advisors know that technology understanding and financial audits can both be daunting for nonprofits. That is why we offer technology consulting services where we can help you understand and get a Cloud computing solution to meet your needs. We also carry out audits that can give you a better glimpse into your financial reality as an organization that can also highlight your need for a Cloud solution that will make financial reporting and accounting practices in the long term.
Over the past couple weeks, we have looked at the need for your nonprofit to consider updating to a financial reporting solution in the Cloud, what being Cloud-based means, and the important features offered through Cloud solutions. With this background knowledge, let’s dive in deeper to why all of this really matters for your nonprofit by looking at how Cloud computing will ultimately benefit your organization.
The challenges facing nonprofits are many and include how to use technology effectively, how to enhance productivity, and how to recruit and retain talented staff members. Here’s more information about each challenge and how Cloud solutions can be of benefit in addressing these challenges:
Using Technology Effectively
Nearly every person is a consumer of technology. This means a myriad of choices for everything from mobile devices to tablets and laptops exist. Cloud-based applications are hardware insensitive enabling a user to work on any platform they choose. This allows each member of your organization’s team to use technology as they prefer to use it using whichever device they find most comfortable for them. With flexibility comes comfort, yet you won’t compromise the essentials because all constituents can work with and access the same important data on the Cloud computing system. The beauty is that it’s just on the device they prefer to use!
Enhancing Productivity
Is your financial information spread across multiple databases and filing systems? Cloud-based solutions facilitate the adoption of digital, optimized workflows. This means you won’t be searching for information in a variety of places or losing time in completing tasks. Being able to work efficiently regardless of location can lead to higher productivity. There’s no need to access multiple software and paper databases to get the information you need. A Cloud system allows you to store all of the data you’ll need in one place. Let the Cloud manage all the information in one place, and you won’t lose time getting it when you need it.
Recruit and retain great staff members
The world is always changing, and your organization will need to keep up in order to attract new staff as it grows. The key is to offer an environment that can support flexible working hours, a work/life balance, opportunities to develop professionally, and the opportunity to work with leading edge technology. Potential staff members are attracted to organizations that are keeping up with these trends in addition to making a difference in their sector and in the world as a whole. The Cloud allows this to happen because it offers flexibility of access, time, and use of any technological device. A Could-based work environment allows flexible working arrangements.
As you strive to effectively use technology, enhance productivity, and recruit and retain a great staff, your nonprofit will benefit from Cloud computing solutions that allow you to achieve these goals with ease. The Cloud benefits are many, and the challenges faced can be reduced simultaneously. Contact us here at Beck and Company CPAs so we can help you transition to the Cloud and use this technology to make audits easier. It would be our privilege to conduct an audit for your nonprofit, and we look forward to hearing from you.