Fundraising is the lifeblood of many nonprofits. Potential donors, whether they are watching an ad on TV or ranking a grant proposal, have to decide not only whether your cause is worthy, but also how effectively you will spend the money. Obviously, no one wants to donate to a nonprofit if fundraising takes the lion’s share of the contribution. Abuses of fundraising get the headlines.
Still, even where fundraising stays in bounds, too much money may not get to where donors expected it to go. As in any organization, inefficiency can absorb even a torrent of funds and leave the intended mission with barely a trickle.
Fundraising was never easy, but during this period of hardship and uncertainty, people are especially careful about their contributions. And, of course, the competition for available donations and grants is intense.
A lean, highly efficient operation shows respect for donors’ money and commitment to mission.
Here's how to increase organizational visibility: One thing nonprofits can do is streamline their processes and re-architect their cost structures through productivity-boosting automation. Not only will this better position the organization to weather downturns like the current COVID recession, but it can actually enhance the organization’s brand. A lean, highly efficient operation shows respect for donors’ money and commitment to mission.
When time and expense are tightly integrated (as with DATABASICS!), you can save substantially compared to getting them from separate vendors.
Time tracking and expense reporting are a great place to start. With time tracking, you should be able to show donors the level of effort being devoted to a particular project or grant and present as needed a detailed labor distribution. Expense reporting should provide complementary accounting of employee spend. Moreover, when time and expense are tightly integrated (as with DATABASICS!), you can save substantially compared to getting them from separate vendors. Not to mention how much easier it will be to use and administer.
In short, with the right time tracking and expense reporting solution, you can demonstrate both operational efficiency and your willingness to be fully accountable. It can help separate you from the alternatives and instill in potential donors that extra measure of confidence to move forward with you. And that's a few ways for using a better time and expense solution to increase organizational visibility and improve your operational efficiency.
DATABASICS is driven to meet the most demanding time and expense management challenges through a combination of deep expertise, next-gen technology, and a focus on the unique needs of each customer. Powered by decades of experience, our team delivers world-class time and expense management solutions that are the right choice for today and easily adapt to the uncertainties of tomorrow.