article thumbnail

Ensuring Continuity: Succession Planning Strategies for Nonprofit Finance Teams

Blackbaud

Many organizations are finding it difficult to fill roles, especially in the finance department. Proper planning can allow your finance department to withstand any type of staff turnover or mobility in stride. But recently, increased demand for services and fewer people interested in joining nonprofits has made the situation worse.

article thumbnail

How to Streamline Your Data Entry and Reconciliation Processes with Integrated Fundraising and Finance Solutions 

Blackbaud

By integrating fundraising and finance systems, information flows easily from gift records to journal entries, saving time, reducing the risk of fraud, and simplifying audits. Here’s how a connected fundraising and finance system can simplify reconciliation for nonprofit organizations, and what it would look like in practice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Build Trust by Integrating Your Fundraising and Finance Systems

Blackbaud

This seamless flow of information is truly incredible, particularly when the data exchange is between finance and fundraising. When you unite your fundraising and finance systems, efficiency is simply the first win of many. Or, if a donor wants to know where their funds are going, pull up an accountability summary of the gift.

article thumbnail

Demystifying Grant Attachments: A Complete Guide to Boost Your Funding Success

Millionaire Grant Lady

Even if you know that the potential funding could be enormous for your organization, the process of dealing with so many details can be tedious, time-consuming, and disheartening. When you provide your most recent tax return or an audit, it shows that your organization keeps records and can be transparent with finances.

article thumbnail

Nonprofit Hospitals’ Finance Get Ratings Upgrade

The NonProfit Times

Philanthropy is pivotal to funding strategic growth priorities in nonprofit hospital systems like Cedars-Sinai. The post Nonprofit Hospitals Finance Get Ratings Upgrade appeared first on The NonProfit Times. senior vice president, advancement & chief advancement officer at Cedars-Sinai in Los Angeles agrees with Ayres.

article thumbnail

4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

However, proper financial oversight is critical to make the most of those vital funds. Effective grant management goes beyond tracking funds in your CRM its also about budgeting effectively, prioritizing programs that need financial support, and delivering timely reports to grantmakers. Focus on funding gaps.

article thumbnail

Don’t Take a Vacation from Your Donor Communication

Ann Green's Nonprofit

Maybe this sounds impossible, especially if you’re a small organization and worried about your finances, but you can do this! Will certain policies or funding cuts affect your organization? Continuing to stay in touch with your donors will help you when you launch your fall fundraising campaign. Most likely, the answer is yes.