Nonprofit organizations require accounting software that is specific to the nonprofit industry and the regulations that exist within this niche. Selecting the correct nonprofit software depends on matching the nonprofit’s unique functional requirements to available ERP and accounting solutions. Nonprofit organizations range from trade associations and religious organizations to education, social and government agencies.
Nonprofit Software Functional Requirements
- Fund accounting software
- Strong budgeting and account allocation
- Advanced reporting and auditing
- Regulatory compliance
- Direct marketing
- Constituent and donor management
- Project management for events and fundraising
- Education administration and certification management
- Membership tracking and fee processing
As we have discovered in our experience with more than 150 ERP solutions, each ERP software package has its strengths and weaknesses. We track our extensive selection and implementation experience with various enterprise systems in our proprietary ERP Solutions Database. Below is a summary of a small sub-set of data from that database, which our project teams use to help clients select the right ERP software for their organizations.
This table identifies the generalized functional strengths of each of the listed ERP solutions for the nonprofit sector. Our ERP software selection process leverages more detailed information from our database to conduct a more thorough assessment of software fit with each client’s business requirements.
Our consultants are aware of the potential pitfalls of ERP selection projects and can help hedge against project cost overruns, software that is misaligned with business needs, and lack of return on investment. The ERP team has industry-specific expertise that helps achieve measurable business improvements.