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4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price. Track grant progress, either within the software or through an integration with a dedicated grant management system.

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Medical grants software

Bonterra

Medical grants software Medical grants software Bonterra's grantmaking software makes it faster and easier for you to process approvals for medical education, research grants, and expanded access programs. Track the impact of your funding with our native analytics tool.

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Eight steps to get started with fiscal sponsorship

Candid

Financial management, budgeting, and accounts payable/receivable Tax preparation and annual audit Grants management Risk assessment and insurance Legal counsel. Professional fiscal sponsor services often include: HR, benefits, and payroll. Executive and organizational coaching Donation oversight.

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Bonterra Homepage

Bonterra

Read their story on Driving ROI: A business case for case management solution for nonprofit organizations Impact Powered by: Program Management Human services Nonprofits Public agencies Coordinating social services Student ACES for Leadership Student ACES for Leadership reached new heights with Bonterra’s Jumpstart program.

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Does Revenue Diversification Actually Work for Nonprofits?

Peak Proposals

Some diversification is going to be required if your organization depends on grant funding because funders typically cap the amount of money that can go toward general operating expenses. Should you attempt to diversify by pursuing grant funding? Grant funding could be a good direction for your organization.