In the early stages of a nonprofit’s growth, accounting systems may not feel like a priority. However, as the organization grows, it can become increasingly complicated and time-consuming to effectively analyze your financial and operating data. Implementing a technologically advanced financial management system can ease this burden considerably by automating and streamlining core accounting, tracking, and reporting functions, making it possible for a non-profit to grow and carry out its core mission.
According to the Independent Sector’s, “The Value of Volunteer Time” - an average hands-on volunteer saves a nonprofit $25 an hour. If that volunteer is skill-based or pro-bono; they save a nonprofit $150 per hour. Pro-bono volunteers are volunteers that leverage their specialized skills. This includes everything from event coordination, legal counsel, and job skills training. For instance, a lawyer would work with a nonprofit for free to give legal advice to their constituents. While there are thousands of nonprofits that could benefit from skill-based volunteers - just as many pro-bono volunteers ready to help – the issue is how do they find each other?
The Golden Age of Fundraising Technology - The Engagement Nexus A shift has happened. A shift in how we use technology to further fundraising efforts. We no longer focus on counting hits, click-through, likes and posts; understanding these may not lead to conversion—to the actual gift. We focus on something more human. We strive to connect with donors.
According to Business.com, nonprofits can use marketing software to customize their fundraising marketing. As the founder of a tech company, I have a healthy respect for the power of software. In our modern world, great software is at the heart of nearly every fast-scaling organization.
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