Nonprofit Accounting: Top 5 Reasons to Move to the Cloud
So you’re outgrowing your current accounting program and are curious about options for upgrading. Sure, your old software has worked “ok” for years, but as nonprofits change and grow, it’s time to consider a better system — one with the ability and agility to change and grow with your organization. If you haven’t already guessed, we, at Qbix, are on “team cloud” (aka “Software as a Service” or SaaS.) Why? Because we work closely with nonprofits and everyone who moved to a cloud-based accounting program wished they had done it sooner. Here are the top five reasons why:
1. Better accessibility
One of the advantages of cloud computing is how easily team members can work from anywhere — something that became fundamental for all organizations in 2020. We’re now in an era where employees and other stakeholders require more flexibility in their schedules and work environments. Organizations that operate on the cloud can provide their staff with options to work anywhere, anytime, from their desktops, laptops, smartphones, and tablets.
2. Cost advantages
Upgrading to any new software may seem like an expensive endeavor. However, SaaS programs (like Sage Intacct) are more budget-friendly than on-premise programs. There’s no specialized hardware required, only access to the internet. There’s a small monthly subscription payment, which is certainly better than buying and owning expensive software upfront. What’s more, there’s no need for any special IT staff. Furthermore, the costs for implementation, customization, integrations, backups, security, updates, upgrades, and data storage are minimal.
3. Automation improves accuracy
If you’re still handling accounting processes manually or in Excel, it’s time to stop the insanity. (Anything done in these antiquated ways is hugely time-consuming. Plus, spreadsheets and other manual processes come with an increased probability of errors. Automation not only helps remove the chances of mistakes, but it also streamlines your nonprofit’s accounting and other procedures that often take way too much time.
4. Real-time reporting — for real
With a cloud-based accounting program, you’ll have a crystal clear understanding of where your business stands financially, anytime, and from anywhere you have internet access. It’s real-time data you can trust — a significant asset for any nonprofit organization and its stakeholders.
5. Maintenance is manageable
When you use a cloud-based program, your implementation, upgrades, updates, customizations, and other technical software tasks are handled by software developers (like Sage) or your trusted vendor (us.) Rest easy knowing you’ve got entire teams of experts whose primary mission is to ensure that your systems are running smoothly 24/7.
It’s easy to see why an antiquated accounting system does more harm than good. Upgrading to a cloud-based accounting program, like Sage Intacct, not only optimizes your financial procedures, it helps detect opportunities that can enhance and strengthen your organization. Together, let’s bring those opportunities to light. With Sage Intacct and Qbix’s knowledgeable accounting team, your move to the cloud is painless. Let’s discuss the possibilities — schedule a call with us today.
Non Profit Accounting Solutions
Qbix's goal is to provide the latest cloud-based accounting technology while delivering real-time visibility into your nonprofit's financials 24/7. Numbers are our passion, but providing your nonprofit with the financial expertise needed to facilitate growth and profitability is our top priority. And because no two organizations are the same, Qbix offers the flexibility you need to accomplish your nonprofit's goals.
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