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Nonprofits: It’s Time to Get Your Head In the Cloud

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Accounting systems are not something you change often. However, as your nonprofit grows in size and complexity, you reach a point where manual, time-consuming processes drain your productivity, and flying blind without real-time visibility into key metrics and outcomes is stifling growth. As a good steward, you need a system that leverages the latest technology advancements.

At a minimum, a modern accounting system should automate and streamline core financial management functions such as Accounts Receivable, Accounts Payable and Financial Close. But you can hardly fuel your growth and need for accountability and transparency by simply automating the minimum. Nonprofits, in particular, have accounting, tracking and reporting needs that require specialized functionality in their financial management systems.

If you are like many nonprofits, you have limited IT resources, extensive manual processes for accounting tasks, and myriad reporting and compliance requirements with various key stakeholders. You need a financial management and accounting system that is proven to overcome these challenges.

Nonprofits are striving to invest more in their core missions, decrease the cost of operations, and ultimately execute more successfully. For many, the dilemma is how to maximize effectiveness without breaking the budget. And although cost may be a driving force behind a move to the cloud, the reality is that cloud solutions are more robust and flexible than ever before and offer integrated solutions specific to the
needs of your organization.

In other words, the cloud can provide both cost savings and innovative, integrated solutions that enable your nonprofit to be the best it can be. Find out how Ericksen Krentel can help you move to the cloud

Today, inflexible, inefficient and outdated on-premise accounting software is rapidly being replace by a new breed of modern cloud financial management solutions. Over 90 percent of businesses report using cloud solutions today and nonprofits are no exception.

Click here to learn why more nonprofits are moving to the cloud, the features and benefits that come from using a system, such as Intacct, and hear from some organizations who have leveraged cloud-based accounting to achieve success

About Ericksen Krentel

Ericksen Krentel CPAs and Consultants, founded in New Orleans, Louisiana in 1960 with offices in New Orleans and Mandeville, believes that serving as the clients’ most trusted adviser is grounded in going beyond the numbers.

That includes helping clients achieve their business and personal financial goals by providing innovative and exceptional services in the following areas: audit and assurance services, tax compliance and planning, outsourced CFO services and business valuations for a variety of industries; employee benefit plan audits; fraud and forensic accounting; business planning; IT consulting; loss calculations; and estate planning.

Learn more at www.ericksenkrentel.com.

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