Unleashing Not For Profit

Not for profit organisations face a very specific set of operating conditions and challenges and yet they also appear to share some major issues with for-profit companies, such as management, budgeting, staffing and reporting. Yet in practice, they even come at these issues from a unique perspective. After all, the term not for profit is the antithesis of the goal of business. Not for profits have different business goals, and have to tread carefully to know when to learn from business examples and when to follow their own paths.
The main goal of a not for profit is not to make money, but to serve a public mission. However, to serve that mission, it needs to attract funding. Balancing a mission and funding is what defines the not-for-profit organization and separates it from for-profit companies.
The following abridged article is taken from an e-book our Solution Partner Greentree have created called ‘Common Brick Walls that can Slow-Down Not For Profits’.
Everyone likes to think their business makes a difference. But if you’re in the not-for-profit sector making a difference is your business. How big a difference you make is increasingly dependent on how far you can make the funds you raise go – and that is where we know we can help.
Running a charity or a not-for-profit is often hard, thankless work. Managing a team of low-paid or volunteer helpers, keeping track of complex finances, communicating with people and organisations all over the world, operating with little or no long-term financial security – and having to account for every cent you spend. It’s no picnic.
That often means not-for-profit organisations have to tackle everyday business issues differently. But “differently” shouldn’t mean inefficiently or unproductively. By their very nature not-for-profits should lead the way in minimising costs and maximising funds to really make a difference.
At Greentree®, we work extensively with charities and not-for-profits – with both a local and international focus. As a result we have gained a unique perspective. We see some issues coming up again and again. As a result, we’d like to share some insights into how gaining operational intelligence and increasing efficiency could benefit your organisation.
One way to work towards a more effective business is through a fully integrated ERP software solution. This acts as a business engine, delivering the operational intelligence your organisation needs to thrive. Integration streamlines your work and your organisation as a whole – because everything is centralised, there’s no repetition of data or time wasted searching for information.
But it’s not necessarily a simple, one-size-fits-all solution. You have to do some homework to find the right system. It needs to fit the nature of the work you’re undertaking, your specific requirements and where you want to operate. If your charity is managing multiple currencies, multiple projects in multiple countries, run by spread-out team members, or has rigorous reporting requirements, fully integrated software is definitely something you should investigate.
To discover how to Unleash Not For Profit Contact GT Business Solution for more information.

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