Altruas helps you meet heightened expectations to deliver and demonstrate successful outcomes for your mission.
The competition for donor dollars is increasing and funders expect to have visibility into how Nonprofits are responsibly managing the assets to which they have been entrusted. Altruas can help you attract more donors and steward their gifts with accuracy and transparency.
Forget the headaches of spreadsheets and manual reconciliations. A sophisticated multidimensional database aggregates transactions and activities across your nonprofit organization.
Create separate closes for each revenue source along with a regular series of specific reports, each with its own unique requirements, for every funder.
Centralized control and distributed responsibility in one system to manage monies by grants/donors, programs, and geographies. Track the actuals to create tighter controls and prevent unexpected outcomes.
Secure and keep donors and sponsors on board to deliver transparent insight with speed, accuracy and clarity.
NONPROFIT FINANCIAL MANAGEMENT SOLUTIONS
While all nonprofits require rock-solid accounts payable and accounts receivable, fund accounting software must also support a complex set of standardized documents including, but not limited to Form 990. All these issues must be managed and, at the same time, making sure that the nonprofit delivers maximum impact toward its stated mission.
FUNDS AND GRANTS
Nonprofit accounting is complex as funds and grants are often unique. CFOs of nonprofits must provide reporting on results that meet each funder’s requirements. Additionally, nonprofits must track general vs. restricted dollars that have been donated toward a specific cause.
COMPLIANCE AND MEANINGFUL INSIGHT
Requirements for reporting are challenging – and these seem to be increasing over time. Having ready access to FASB 958 reports and dashboards facilitate the compliance process and enable nonprofits to effectively share its financial story with constituents. By gaining efficient means to produce this essential data, nonprofits are in a better position to acquire incremental funding in support of its mission. Aside from internal controls and cash management capabilities, nonprofits can benefit through:
- Role-based, self-service dashboards that serve up real-time insights on demand.
- Simplified workflows that support multiple locations and entities.
- Increased efficiency in grant management.
- Simplified membership and dues tracking.
- Cloud-based access to data anytime/anywhere.
NONPROFIT DONOR MANAGEMENT SOLUTIONS
GROWING THE DONOR BASE
For Nonprofits, the recruiting and retention of donors is essential. But don’t rely on spreadsheets to track donors, monitor interactions and transactions, and develop stronger relationships. Contemporary and properly implemented CRM platforms help Nonprofits by:
- Accurately keeping track of financial transactions
- Maintaining comprehensive data about donors including their preferences and giving history and schedule
- Facilitating communications with donor and other constituents including staff, board members, volunteers and partners
- Helping to improve event planning and management
WE'RE HERE TO HELP
Talk to Altruas to learn how nonprofits can more effectively support its mission and improve outcomes.