Accounting software produces reports and provides information to the management and Board of your organisation, delivering an understanding of where your finances sit and where they may be headed. It’s a necessity within the majority of Not for Profit organisations, but is it truly working for you?
The story we often hear is that you need the information and reports, but the software you are using just doesn’t cut the mustard. Reports just don’t appear as you want them to. What should you do? Throw it out and start again, upgrade the software or simply put up with it?
For many NFPs, a decision is made to change the software with a common belief that “all our problems will go away” once it is bedded down. The new system will produce exactly what we need and will solve all of our problems. True enough in some cases, but does it really fix the problem? Are we throwing out the baby with the bathwater?
When implementing new accounting software, there are several things to consider:
- capital costs
- training expenses
- staff turnover and development
- business disruption
- teething problems
All of the above costs will need to be addressed if you go down that path. Can your organisation afford this?
The alternative is simple and affordable and at your fingertips. You may be able to keep your software, install a secondary and inexpensive report generator and the required information and reports will flow. There will be little impact placed upon staff, costs will be minimised, disruption will be minor and your outcome brilliant.
Sound too good to be true? Whilst it does appear too easy and definitely very affordable, it’s an option that could be at your fingertips. And there’s more than one solution to be found.
For more information on CBB’s consulting services, please contact us via email firstname.lastname@example.org or phone 1300 284 364.