Barr Foundation’s Post

Leveraging and consolidating technology, utilizing mission-focused metrics, and automating manual workflows are just a few of the ways nonprofit organizations can set the tone for success in 2024. Read on to learn more! #nonprofitaccounting

Check out my thoughts below on what to consider when selecting a grants management system!

A couple months ago Temelio CTO Ruthwick Pathireddy wrote a blog post about factors to consider during grants management system (GMS) selection. It's a must-read for anyone navigating the complexities of picking a GMS that will meet the ever changing needs of your organization. Whether you're preparing to migrate off foundationConnect, about to select a new system, or are considering adopting a grants management system for the first time, this guide is a great place to start.  What's Inside: 🌐 Understanding Your Needs: Tailor your GMS to fit your organization's unique mission and goals. 🔄 Optimizing Workflows: Streamline your processes, reduce manual tasks, and enhance overall efficiency. 📈 Adapting to Change: Choose a system that grows with you, ensuring flexibility for evolving requirements. 👥 Engaging Stakeholders: Foster collaboration through an intuitive, user-friendly interface. 🔐 Data Security: Prioritize the safety of sensitive information with robust security measures. Feel free to share this post with grantmakers in your network who might benefit from this guide.  #grantsmanagement #philanthropy #nonprofittech

Many foundations continue to operate as if a GMS is to a grants manager what QuickBooks is to an accountant – a single-purpose application built with one role in mind. A lot of grantmakers tell us that their challenge today is less about how to get their staff access to a GMS, and more about adoption, i.e., making sure it’s integrated effectively into everybody’s day-to-day work. Whether you’re a lean family foundation looking to implement a GMS for the first time, or a large private funder looking to replace an outdated legacy system, it’s more essential than ever that you have a system that can empower people in roles across the foundation. https://hubs.ly/Q02y2Fh-0 #grantsmanagement #software #philanthropy #grantmaking

Are you getting the most out of your grant management system? If your organisation is managing or applying for grants, you know the importance of efficiency, compliance, and scalability. But have you integrated your grant management software into your broader IT strategy? Explore how Flexigrant can seamlessly integrate into your strategic IT review and boost your organisation’s operational efficiency, financial management, and strategic insights. Our latest blog will guide you through key challenges, from legacy systems to change management, and provide actionable tips for successfully integrating Flexigrant to support your long-term goals. Want to optimise your grant management system? Read the full post and discover how Flexigrant can elevate your organisation’s mission: https://lnkd.in/eKzS92zc #GrantMangementSoftware #Flexigrant #Philanthropy #ITStrategy

📢 New Blog Post Alert: Top Strategies for Leveraging and Streamlining Technology for Efficient Nonprofit Financial Management This month, we're focusing on ways to create a smooth-running organization, and understanding the importance of technology is one of the top strategies. Nonprofits, just like businesses, need efficient financial management to thrive—and technology is the game-changer. In our latest blog post, we dive into the key benefits of using financial technology for nonprofit organizations, including: ✅ Automating routine financial processes ✅ Gaining real-time insights into financial health ✅ Supporting better cash flow management and decision-making ✅ Leveraging cloud-based platforms for flexibility and data security But many nonprofits face challenges when it comes to adopting new tech—like limited budgets, staff, and expertise. The good news is that finding the right tools can lead to cost savings, efficiency improvements, and enhanced financial reporting. Read more on how you can leverage financial technology to streamline operations and focus on your mission: https://lnkd.in/g8rNUhSy #Nonprofits #FinancialManagement #TechForGood #CloudTechnology #NonprofitLeadership #Fintech

Optimizing #nonprofit financial processes can contribute to nonprofit growth. MIP GM Neil Taurins shares with Accounting Today how examining technology, financial reports, and automation use can position your nonprofit for growth in 2024. Read more: https://bit.ly/3IfmFnp #nonprofits #fintech #accounting

Accrual accounting, a method widely used and recommended, plays a vital role in creating a clear financial picture for nonprofit organizations. Read more 👉 https://bit.ly/3KuY8wf #CashFlow #accounting #finance #NonprofitOrganizations #SeekProfessionalAssistance #AvoidCostlyMistakes

Nonprofits in California with $2 million in revenue must undergo financial statement audits. Learn how to navigate these stringent requirements despite limited financial management resources. #NonprofitChallenges #AuditCompliance #SignatureAnalytics

Maximize your nonprofit's impact with smarter financial management. See how outsourced accounting can enhance your mission's reach. Dive into the details: https://buff.ly/4aSe72x