Not for Profit
Sector characteristics
- Current economic and political environment has forced non-profit organizations to spend more efficiently and provide greater transparency
- Donor Compliance Reporting is fast rising up the list of key issues faced by the finance function in the Not-for-Profit sector.
- Projects are of variable length and can be very long-term
- Projects can have multiple funding sources of varying length with varying performance criteria
- Funding may be dependent upon meeting performance milestones
- Staff utilization is difficult to manage since specific skills need to be matched to project requirements
- Time and cost including overhead may need to be allocated across projects and donors
- Revenue recognition is independent of funding receipts
- Pressure to reduce administrative costs is rising
- Sector is under greater scrutiny by Tax Authorities, requiring more detailed reporting and longer term retention of records
Sector challenges
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Need to keep administrative costs to a minimum
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Need to monitor time and expenses by donor project
systems@work Benefits
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Scalable, catering from 25-5000+ users
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Extensive analysis
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Enables both time to be planned and budgeted
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Captures actual time against many customizable analytical dimensions
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Simple & easy to use via Web browser and on Mobile devices
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Multi-Currency & Multi-Language
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Extensive Reporting
