Top 10 ERP For Nonprofit Organisations

Are you tired of spending endless hours on administrative tasks?

Is access to limited resources challenging to stay afloat?

If yes, the solution is "Enterprise Resource Planning or ERP"!

There has been increased competition among nonprofit organisations over the past few years. This has led to a significant challenge of limited resources. This calls for a dire need to adopt advanced AI technologies to remain ahead of the curve on a global scale.

But, staying competitive can be difficult when faced with limited resources. This is where Enterprise Resource Planning (ERP) for nonprofit organisations becomes essential.

Using the right ERP system can smoothen all the operations of your nonprofit organisation. It helps you to reduce the endless hours spent on administrative work. It also gives you real-time visibility into your nonprofit organisation's operational and financial data.

Aside from this, numerous benefits are pushing all nonprofit business owners to invest in the best ERP system asap. In simple terms, the best ERP for nonprofit organisations is the key to timely accomplishing goals.

Don't let the lack of limited resources, time, and high administrative costs hold you back – choose the all-in-one centralised ERP solution and start making a difference today.

Why do need ERP Systems for your Non-Profits?

• Non-Profits organisation gets real-time financial data through an effective ERP system to make informed decisions.
• ERP systems for non-profits can streamline operations by consolidating multiple processes such as donor management, fundraising, and financial management. This way, you spend less time on administrative tasks.

Things to Keep in Mind When Choosing ERP

• Experience: An organisation should consider the decades-long experienced vendor to implement the ERP system for NGOs to avoid any glitches.
• Cost: An organisation should consider both upfront & long-term costs associated with the ERP system licensing, implementation etc.
• Methodology: Ensure that ERP vendor’s methodology aligns with your business’s requirements & goals to grow tremendously.

But the market is flooded with multiple ERP solutions & systems for Charities. You might be struggling in selecting the right ERP. Right? Put your mind at ease; we have analysed the market to bring you the cream of the crop: In the next few minutes, you will be unleashing the top 10 ERP for nonprofit organisations.

Unlock the 10 Best ERP for Nonprofit Organisations: Functionalities & Benefits

Microsoft Cloud for Nonprofits

Microsoft Dynamics 365 for nonprofit solution is an all-in-one centralised CRM & ERP integrated platform. It has multiple in-built next-level AI-based functionalities to help you manage the finances, fundraising, donor, grant, and programs efficiently.

Microsoft has specifically introduced this platform for Nonprofit organisations to address all their emerging challenges. No software in the market can outbid this as it has the capabilities and functionalities that no one is providing.

Functionalities

In-built Office 365 provides you with productivity tools such as Microsoft Word, Excel, PowerPoint, and Teams.

You can store your business files securely in OneDrive using Microsoft Cloud.

Benefits

This ERP solution is cost-effective as Microsoft offers vast discounts and donations to nonprofit organisations for its cloud-based services.

Making informed decisions becomes seamless using real-time analytics.

To know its other functionalities & benefits, Contact Dynamics Square!

Acumatica

Acumatica is a cloud-based robust, and flexible ERP for nonprofits. It helps businesses access a suite of integrated business management applications in one place. This software is highly customisable and scalable to meet the needs of multiple industries and businesses.

Functionalities

It is a powerful CRM solution that can help businesses manage client interactions, thereby maintaining long-lasting relationships.

It has in-built tools providing financial management solutions to manage financial and accounting operations.

Benefits

The structure of the Acumatica ERP for nonprofits platform is open, flexible, and scalable.

It encourages better collaboration in response to seamless access to the platform from anywhere.

FinancialForce

FinancialForce is a cloud-based ERP and professional services automation (PSA) software solution encompassing multiple finance-related AI tools. This is specifically designed to enhance the financial performance of nonprofit organisations.

For example, financial management, billing, revenue recognition, accounting, and project management tools.

Functionalities

FinancialForce ERP For Nonprofit Organisations helps you to manage your donors and donations more effectively. You get access to the automated donation tracking tools and can seamlessly generate reports on donor activities.

Nonprofit organisations can easily track their income and expenses, create budgets, generate financial statements, and easily manage their cash flows.

Benefits

It enables you to access real-time financial data to make more accurate and informed decisions.

It streamlines your financial process, which saves a huge amount of time & reduces administrative costs.

NetSuite

NetSuite ERP for nonprofit organisations comes with a comprehensive suite of AI-based tools to easily manage all financial, accounting, and operational workflows. You can practice better financial management, eventually leading to greater transparency and accountability.

Functionalities

This is also the Best ERP For Nonprofits that manage their finances with automated accounting, budgeting, and expense management tools.

It enables organisations to easily manage grant applications and awards.

Benefits

NetSuite ERP provides real-time financial reporting and analysis, which leads to better decision-making and transparency.

Its in-built management tools streamline the grant application process and make it easier to track grant expenses.

Salesforce

Salesforce ERP for nonprofit organisations integrates enterprise resource planning (ERP) capabilities with customer relationship management (CRM) features. It enables nonprofits to manage their operations, finances, and constituent data in a unified system, improving efficiency, visibility, and reporting capabilities.

Functionalities

Its in-built tool's functionalities enable nonprofit enterprises to track donor data and all donations.

It also enables you to track volunteer hours and activities.

Benefits

It provides tools to better understand and engage with donors, leading to increased donations and support.

The platform's volunteer management features help nonprofits manage volunteer sign-ups and track volunteer hours. As a result, you can easily reward the right hardworking volunteers.

Sage Intacct

Sage Intacct is a cloud-based enterprise resource planning (ERP) system that provides financial management solutions for various industries, including nonprofit organisations. Its fund accounting functionality allows nonprofits to track and report finances by individual funds, programs, and grants. This makes it easier to manage multiple funding sources and comply with reporting requirements.

Functionalities

It provides automated accounting, budgeting, and expense management.

It helps organisations manage donor data and track donations using in-built tools.

Benefits

Sage Intacct's financial management features provide real-time financial reporting and analysis, which leads to better decision-making and transparency.

The platform's donor management tools help organisations better understand and engage with donors, leading to increased donations and support.

Xledger's

Xledger is a cloud-based enterprise resource planning (ERP) system providing advanced functionality for fund accounting, project tracking, budgeting, and grants management. It also offers multi-currency support, real-time analytics, and customisable dashboards. But this system is scalable and can be used by organisations of all sizes, from small nonprofits to large international corporates.

Functionalities

Xledger's budgeting and forecasting functionalities allow nonprofit organisations to create and manage their budgets and forecasts.

Its time and expense tracking feature allows nonprofit organisations to track their employees' time and expenses.

Benefits

It provides real-time financial insights and allows nonprofit organisations to improve their budgeting and forecasting processes.

It saves an enormous amount of time by allowing you to track an employee's time & expenses.

QuickBooks

QuickBooks is an accounting software that can be used by nonprofit organisations to manage their financial transactions and activities. It is not an ERP (Enterprise Resource Planning) system, but it can provide many of the same functions that an ERP system would offer for a nonprofit organisation.

Functionalities

It allows nonprofit organisations to manage their employees' payroll and taxes.

Its in-built inventory management module allows for managing inventory levels and easy tracking of stock movements.

Benefits

It automates all day-to-day accounting workflows, which saves a lot of time, leaves no room for errors, and gives more accurate financial data.

It helps nonprofits to create and manage budgets, track actual vs. budgeted expenses, and generate budget reports.

SAP Business ByDesign

SAP Business ByDesign is a robust ERP system that helps organisations manage finances, fundraising, grants, programs, and constituent relationships. It streamlines nonprofit operations that further improve their decision-making capabilities.

Functionalities

The solution provides real-time financial insights, enabling nonprofits to make informed decisions.

It can help you track donations, manage communication with donors, and analyse donor behaviour to increase engagement and giving.

Benefits

It can automate and optimise your critical business processes, including procurement, inventory management, and project management. This results in minimised errors, increased productivity, and less administrative burden.

Its in-built advanced customer relationship management (CRM) functionality helps nonprofit businesses effectively manage their donor relationships. For example: tracking donor history, creating targeted campaigns, and managing communication channels to enhance donor engagement and loyalty.

 Unit4

Unit4 ERP is a software solution designed to help nonprofit organisations manage their operations more efficiently. The solution provides various tools and features to manage financial accounting, project management, grant management, fundraising, and more.

Functionalities

Unit4 ERP solution provides a robust fund and grant management functionality, which allows nonprofit organisations to track and manage their funding sources, grant applications, and budget allocations.

It enables your Research Center & Non-Government Organization business to generate detailed reports on funding sources, grant applications, and budget allocations, which can help organisations make informed decisions.

Benefits

Nonprofit organisations can streamline their financial management processes, including accounting, budgeting, and reporting.

The system's automated workflows and real-time reporting capabilities provide better financial visibility and control, allowing organisations to make informed decisions that are aligned with their mission and goals.

ERP Cost for Nonprofit

We can’t unfold the exact ERP costing as it relies on various factors such as complexity of organisation, requirements, number of users.

To know ERP cost structure, contact our Dynamics 365 Consultants to analyse your growth areas to get a customised ERP solution for your non-profits.

Conclusion

To sum up, we can conclude that nonprofit or charitable organisations require robust tools to manage their operations efficiently, and enterprise resource planning (ERP) systems can provide them with the necessary infrastructure to achieve this goal.

For this, nonprofit enterprises need to select the right ERP system. The selection of the right ERP solution can help nonprofits automate their processes, streamline operations, reduce costs, and increase transparency, all of which are essential for fulfilling their missions.

The 10 ERP systems highlighted in this article offer a range of features and capabilities tailored to the needs of nonprofits, from financial management to donor management and program management.

But Microsoft Dynamics 365 for Nonprofit is the most preferred choice of nonprofit business owners as it is specifically designed for them. Investment in this ERP solution can benefit businesses significantly from improved efficiency, productivity, and accountability, ultimately enabling them to better serve their communities and fulfil their missions.