Introducing a Better Nonprofit Dashboard
Quick: Do you know your funding mix, balance sheet performance, and the composition of your key revenue sources? If it’s going to take you a while to patch together responses to those questions, it might be time to consider upgrading to a better nonprofit dashboard.
One such solution comes from Sage Intacct, the cloud financial solution, which has teamed up with GuideStar, the largest source of nonprofit data, to offer pre-built dashboards that provide real-time insights, automation, and visibility.
Connect Directly to GuideStar
The general public, foundations, other nonprofits, and many others rely on the detailed nonprofit information compiled in GuideStar. And now, with the Sage Intacct Nonprofit Financial Board Book powered by GuideStar, you can connect directly to GuideStar’s benchmarking tool, ensuring that your organization is fully aligned with GuideStar’s recommended metrics and best practices.
The Sage Intacct Nonprofit Financial Board Book powered by GuideStar calculates metrics automatically using balance sheet, revenue, and expense data that’s pulled from Sage Intacct, as well as your internal donor management, payroll, and other systems.
The pre-built dashboards then display the most important metrics—the same metrics GuideStar uses to demonstrate nonprofits’ financial health and ensure they’re on track to accomplish their missions. At a glance, you can view key metrics such as revenue composition, sources of liquidity, and unrestricted cash, which makes it possible to quickly identify revenue trends, track sustainability metrics, and monitor expenses against program results.
Focus More Time on What Matters
Because the Nonprofit Financial Board Book calculates metrics automatically using data from Sage Intacct and your internal software, you don’t have to waste hours on data entry. Instead, staff hours can be devoted to viewing the dashboards, analyzing the results, and making more informed decisions to guide the future of the organization.
The dashboards make it easy to view critical revenue, funding, and expense data, and use it to guide planning and strategy. Plus, the convenient visuals of key balance sheet metrics that align with GuideStar recommendations make it possible to manage more proactively. The real-time data can also help you prepare for the future, as you track trends, monitor the stability of your reserves, and communicate revenue opportunities to the board.
From the main dashboard, you can also link directly to GuideStar and connect with peer organizations to discuss best practices and how to overcome common challenges.
Ready for a Better Dashboard?
There are big benefits to having a better nonprofit dashboard that will give you a comprehensive picture of your financial health. Insero & Co. can help you explore all the benefits of the Sage Intacct Nonprofit Financial Board Book and determine if it’s the right choice for your organization.
Contact us to talk about the accounting and financial management services we provide and how we might be able to give you more tools to help you trim costs, improve visibility, and achieve your mission.
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About the Author: Kimberly Gangi
