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
Need to keep administrative costs to a minimum
Need to monitor time and expenses by donor project
systems@work benefits
Scalable, catering from 25-5000+ users
Enables both time to be planned and budgeted
Simple & easy to use via Web browser and on Mobile devices
Extensive Reporting
Extensive analysis
Captures actual time against many customizable analytical dimensions
Multi-Currency & Multi-Language
Customers
