Print this page

Estimated reading time: 0 minutes, 55 seconds

AccuFund: NFP Software Doesn't Do Enough

AccuFundA study commission by software vendor AccuFund has concluded that users must spend too much time manipulating data outside of their non profit accounting systems. Seventy-three percent of those responding spend one to five hours weekly pulling reports for staff; for 17 percent that rises to six to 10 hours and more than 10 hours weekly for 10 percent.

The 2015-2016 Nonprofit Accounting Insights & Analysis Survey also indicated because 95 percent of the 298 respondents to the online survey had five or fewer accounting staff members "the reporting bottleneck can't be solved by manual intervention."

AccuFund commissioned Nonprofit Pro to survey its readership, specifically soliciting the opinion of those in roles such as executive director, CEO, president, finance manager, treasurer and comptroller, in industries that include human services, education, performing arts, youth servicing, social services and religious organizations.

Sixty percent of respondents reported their financial software does not store and report nonfinancial performance data. Fifty-one percent said their applications do not offer a dashboard with graphical analytics and 55 percent said dashboards in the software cannot be customized for individuals. Sixty percent did report users can get access financial and performance data.

Read 4023 times
Rate this item
(0 votes)