The goal of nonprofits is to utilize surplus revenues to achieve their missions and provide the best service for their chosen purposes. This is difficult because they often possess limited IT resources yet have a strong need to combine data from disparate data sources in a meaningful way.

 

Typically, nonprofits have strict budgets and a need for tightly monitoring those budgets, which provides additional challenges, both from corporate performance management and technological standpoints. Nonprofits often face challenges such as:

 

• Managing constrained resources

• Utilizing data to assist in reducing operations overhead

• Using information to provide high-quality service to constituencies

• Managing complex requirements for accounting, reporting, and administration

• Automating fund reporting and allocation tasks

• Streamlining, consolidating, and monitoring budgeting processes

• Providing detailed, customized reporting

 

Filius Bonacci nonprofit corporate performance management solutions not only enable nonprofit organizations to automate their budgeting process, but also provide the ability to quickly report and analyze data by key areas, such as departments, programs, projects, grants, or memberships. This allows management to track the impact and progress of organizational initiatives, ultimately providing a greater Return on Mission (ROM).

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Key Benefits

Improved reporting and data visualization

• Design reports in familiar Microsoft Excel

• Use data directly from the source or BI360 Data Warehouse

• Utilize out-of-the-box reporting templates or start from scratch

• View financial statements in Microsoft Excel, web portal, or mobile application

• Configure automation settings to deliver reports directly to team members’ email inboxes

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Enhanced budgeting, planning, and forecasting processes

• Input planning data through internet browser or Microsoft Excel

• Use out-of-the-box budget input templates or easily create your own

• Leverage common approaches built into BI360 Planning to deploy budget models

• Perform what-if analysis and forecasting in a variety of ways

• Utilize flexible workflow to collaborate organization-wide during the budgeting process

 

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Simplified data integration and data warehouse concepts

• Create integrations to a variety of data source types

• Combine data from disparate data sources in the BI360 Data Warehouse

• Add additional tables and attributes to the pre-built BI360 Data Warehouse using easy-to-use frontend

• Use BI360 Reporting and Dashboards to visualize data stored in the BI360 Data Warehouse