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As good stewards of donor dollars, nonprofit finance leaders are always looking for ways to streamline operations so resources can be used to achieve mission success. In many cases old technology and inefficient, manual and paper-based process become barriers to this success.
Automating financials with modern technology and making the move to a paperless office has enabled the Atlanta Convention & Visitors Bureau to reduced AP and payroll workloads by 70% and 90%, respectively.
What would be the impact to your mission if you dramatically improved financial efficiency and visibility with paperless automation?
Financial Wellness is a life journey and we are now seeing the impact of Financial Wellness play out along ethnicity, race, sexual orientation and geography, as well as where the person falls on the financial spectrum. By incorporating Diversity & Inclusion data into your Financial Wellness programs for employees you can be sure to provide a more holistic benefit that meets the needs of more employees and helping you attract and retain better talent (the better your benefits, the more you care for your employees), allowing all to meet their definition of Financial Independence!
Become a Fraud Fighter and do the most for your organization to prevent fraud. Nonprofit organizations need to abide by strict internal control practices. While fraud can be discovered at the user level, using a technological solution increases the likelihood of catching fraud early.
Technology limits access for internal employees to protect who can access your client’s data, and having strong internal controls deters data theft caused by cyberattacks and fraud. Your firm can set rules and monitor user permissions to access applications or specific files. Safeguarding your data is the biggest thing you can do to fight fraud at your organization.
Be a Fraud Fighter and achieve gains for your organization like no one else can.
Topics discussed:
Best practices around internal controls
The benefits of technological solutions in fighting fraud
Strategies to prevent fraud on an organizational level