Based on our experience with government and nonprofit organizations, the public sector has unique needs that are not effectively addressed by all enterprise software vendors. Fund accounting, license tracking, and tax revenue tracking are just a few of the challenges that make government and nonprofit enterprise software unique. Below are some of the factors we tend to focus on when evaluating enterprise, financial management, and accounting software for our government and nonprofit clients.
Government and Nonprofit ERP Solutions Requirements
- Fund accounting
- Account allocation
- Fixed asset tracking
- Recurring billings
- Permit tracking
- License renewals
- Human resources and payroll
Not all accounting and financial software solutions are able to handle these complex requirements, so it is important to conduct an enterprise software evaluation that objectively compares potential vendors’ ability to meet these needs. Organizations that fail to select software that can handle some of these complexities often end up spending significant amounts of money on software customization, manual process workarounds, and sub-optimized service to constituents.
Our 2008 ERP Report also outlines leading government and nonprofit ERP solutions and implementation results.
Finding the enterprise accounting and financial software that best fits your unique needs is the first step toward an effective ERP initiative with a strong return on investment.