Transparency with complete Audit Trail for nonprofits
He’s makin’ a list, checkin’ it twice, gonna find out, who’s naughty or nice… You know the song. And when it comes to your nonprofit organization, the universal means to determining whether you’re slated to receive lots of toys n goodies, or a lump o’ coal in your stocking? That’s right: transparency. It’s the barometer by which your NPO is judged and assessed. If you were running a for-profit business, you’d be expected to produce real-time financial reports, complete with proper documentation so investors can have a clear picture. As a nonprofit organization, you’re expected to produce and maintain a complete transaction audit trail so donors can see how their donations/funds are being utilized.
While a nonprofit relies on donations without expecting a tangible product or service in return, that same NPO is expected to manage the funds responsibly while ensuring that the money is used for its designated noble cause(s). So, when your most generous donor, Mr. Coyote, presents a sizeable check for the ACME Rocket Foundation, he’s expecting that the funds will be properly allocated for their intended charity and noble cause (The Young Rocket Builders’ Club, The Green Rocket Project: Building Zero-Emissions Rockets for the future, and many more).
The naughty list
Lack of nonprofit transparency
Most entry level accounting software systems lack complete data transparency. And unfortunately, there’s a handful of super villains taking advantage of the donations that your NPO received. So, what happens when your NPO lacks transparency? . . .
Funds are misallocated, misdirected, lost, or otherwise, not utilized for their intended purpose(s).
Trust is lost and the relationship is severed, sometimes beyond repair. Without transparency, you’re offering no clear, reliable way to show your donors that, essentially, you’re doing exactly what you promised. And without Mr. Coyote’s trust, ACME Rocket Foundation’s financial lifeline evaporates into nothing, and you’re left with a lump of coal in your NPO stocking. But it doesn’t have to be that way.
Santa’s nice list
A business solution with complete data transparency
Have you lost your way when tracking expenses for the Young Rocket Builders’ Club? Not able to account for every dollar spent last quarter on the Green Rocket Project? Not to worry. It’s not the end of the world. Regaining transparency and getting back on the big guy’s good side doesn’t have to be a complete uphill climb. And the best way to maintain transparency is to implement a system that tracks everything for you. When you’re ready to ascend all the way up Santa’s Nice list, consider Gravity Software® (Gravity). Gravity’s robust mid-market business financials is written on the Microsoft Power Platform (aka Dynamics 365 CRM). A platform that hosts over 5 million users worldwide. One of Gravity’s features is their Complete Transaction Audit Trail with Full Role Based Security. With Gravity, you’re able to track every donation with complete data transparency throughout the process so you can focus on what matters to you most: your mission!
Gravity combines simplicity with complete data transparency that provides your NPO with a full audit trail on every transaction. With fast drill-down capabilities, you’re one click away to access additional information on every donation. Gravity helps you make the switch from Santa’s naughty to nice list. Learn how you can apply this exciting technology to your Nonprofit organization. And, did you know that Gravity offers special pricing for NPOs in conjunction with Microsoft? Why? Because we care. Learn more and schedule your online demo today. Just say GO!
Better. Smarter. Accounting.