At Bakerfield Solutions, we understand that the most important metric for nonprofit organizations (NPO) is their Return on “Impact” (ROI) instead of their return on investment.
While nonprofit and for profit companies differ in a wide variety of ways, both share common concerns when managing their finances. But, nonprofits have a wider scope beyond this. The nature of the nonprofit organization creates a unique set of problems to be addressed. It is vital that nonprofit organizations leverage modern financial software to maximize productivity and minimize wasted effort/resources. This almost always guarantees the success of the organization which is necessary for the NPO to be able to continue serving the community.
To optimize the impact that a nonprofit organization has on its charter or mission, we have established a nonprofit practice to assist NPOs with the following:
- Incorporating Enterprise Performance Management (EPM) within the entire company. Nonprofit organizations that are able to link their business strategies to the creation of plans and execution are able to better grasp the whole picture of their organization and make the right judgement calls. This allows the organization to function at a much higher level because they are able to actively see the core data necessary to run their organization smoothly. This then allows NPOs to allocate resources to leave a lasting impact with their mission.
- Utilizing award winning software with every role. Our highly skilled consultants leverage Host Analytics’ industry leading EPM suite/cloud software to allow nonprofit organizations to be able to consolidate, report, analyze, and plan based on the data the organization provides. This saves both time and energy for everyone in every department. Because it is stored in the cloud, your organization’s data stays easily accessible and safe.
- Managing budget and financial management ahead of schedule. Bakerfield Solutions also assists NPOs with accounting/financial management software. We are aligned with industry leading Sage Intacct, who is a leading provider of accounting and financial management to the NPO sector. The benefits gained by a nonprofit organization utilizing these technologies include increased revenue, consolidated entities, the ability to better forecast and budget, help with the audit process and implementing internal controls.