The editors at Solutions Review have compiled the following list to spotlight some of the essential ERP features for non-profits to prioritize as they look for the best solution for their needs.
Non-profits need an affordable, scalable, easily deployable Enterprise Resource Planning (ERP) solution that can adjust to the changing needs of their business and manage their finances, processes, and workforces. These organizations have to meet stringent compliance requirements and are under continuous pressure to provide accurate results for industry-specific challenges while operating with often tight budgets.
However, since ERP solutions can vary dramatically depending on the industries they’re tailored for, finding the right software for your non-profit can be challenging. To help, the editors at Solutions Review have compiled a list to summarize some of the most valuable ERP features for non-profits to prioritize as they research and select the best platform themselves.
The Most Important ERP Features for Non-Profits
Finance and Procurement
Financial management is an essential part of every organization’s success, but non-profits have the particularly challenging task of managing budgets, tracking manual processes, and serving their community with often limited resources. When selecting an ERP solution, non-profits should prioritize flexible platforms that provide a single, accurate, accessible, and secure financial data source.
Significant financial and procurement features include cash management, financial analysis, purchasing, cash management, expense claims, accounts payable, accounts receivable, budget management, accounting, general ledger, and requisition management. With these tools at their disposal, non-profits can empower staff with the data they need to make informed decisions and reduce the errors, duplications, and delays that can lead to financial risks.
Inefficient human resources can be a significant challenge for non-profits. Managing HR processes is time-consuming, and over time, the reliance on manual record-keeping and error-prone paperwork can cause disconnected processes that frustrate managers, confuse employees, and increase compliance risks. This is why an ERP solution can be such a valuable investment, as these tools can provide organizations with the integrated, cloud-based automation tools they need to centralize staff management processes and empower employees with self-service functionalities.
When it comes to payroll administration, non-profits need a solution that can automate payroll processes, simplify complex calculations to ensure everyone is paid correctly, streamline allocations for job-sharing, and more. With the right ERP solution, a non-profit can integrate their finance, HR, and scheduling data to identify potential errors and ensure accurate, streamlined payroll processes that make it easier to focus on serving their community.
Scheduling and Time Entry
Non-profits across the human services and education sectors have to manage complex, distributed workforces with dynamic, shifting schedules. This would be a challenge for any company, but it can be an uphill struggle for non-profits that struggle with limited resources and sometimes outdated technology. Thankfully, an integrated, cloud-based ERP SaaS solution can improve transparency, automate complex workflows, eliminate guesswork, track labor costs, and streamline processes to get the right employees on-site when needed and accurately track the time they spent working.
The most common and valuable features to prioritize include time-clocking, schedule management, seniority listings, overtime warnings, time entry inputs, time entry approvals, payroll integration, shift offers, shift trading, and schedule confirmations.
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