Outsourcing for Nonprofits

January 30, 2018


With the New Year underway, there’s no better time than now to review processes, technology, and any other administrative areas within your agency that may benefit from a fresh perspective. As your company thrives and grows in the year to come, you may find yourself entertaining the idea of having someone in to help you improve your accounting processes and the way you do business.  It’s good to have a solid understanding of what an outsourced solution offers to you and your organization:

 

Significant Financial Savings

Most nonprofits inherently have budget constraints which require lean administrative expenses. One of the main benefits to outsourcing is that organizations can bring in a specific skill set to complement the existing staff without incurring the salary and benefit costs associated with a full-time employee.

 

Industry Expertise – On Your Side

Outsourcing can be most beneficial when a new approach is needed. Someone from outside an organization offers new ideas that can increase efficiency to existing processes. Outsourcing professionals have experienced many environments and sometimes even the simplest of changes can lend itself to huge efficiencies.

 

Access to the Latest Technology

Finally, with non-stop advances in technology it is almost impossible for a small or medium-sized organization to stay on top of the latest technological advances and best practices. What once was a world of servers and software, is now an environment of cloud based solutions, tablets and smart phones. Updating technology doesn’t always take enormous amounts of time and money.  It’s just the type of experience that an outsourced professional can bring to the table.

mAccounting leverages the best in class accounting platforms paired with a knowledgeable team bookkeepers, accountants, and CFO’s well-versed in the intricacies of not for profit accounting.  Our cloud based tools save our clients time and money while also providing them with the visibility they need to make informed business decisions.