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Ensuring Continuity: Succession Planning Strategies for Nonprofit Finance Teams

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Segregation of Duties and Cross Training It is not uncommon, especially for small organizations, to have challenges with segregation of physical access, recording, and authorization functions. When your organization’s finances are handled by a small team, it becomes even more important to properly prepare and plan for personnel changes.

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4 Ways to Unlock the Potential of Your Nonprofit Finance Team to Become World Class

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A good finance team will make sure bills are paid on time, reports are accurate, and the Board of Directors has access to the current financial statements. A good finance team will help you stay where you are. A good finance team will help you stay where you are. Building a world-class finance team can be a slow process.

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5 Ways Nonprofits Can Diversify Funding in 2023

Nonprofit Tech for Good

Diversifying your funding is critical to your nonprofit’s stability and ability to achieve your mission. With the ups and downs of the past few years, many nonprofit organizations that were heavily dependent on just one or two funding sources found themselves in a tight spot. Peer-to-Peer and Team Fundraising. Major Gifts.

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Building Resilient Funding Models: Essential Tips for Nonprofit Finance Professionals

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Finance plays a crucial role in building a sustainable and scalable funding strategy. By actively bringing together different departments and leading discussions around revenue diversification, you can set measurable goals, evaluate the ROI of each funding source, and make informed decisions about where to invest time and resources.

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The Future of Funding: Nonprofit Grant Management Software Trends

Nonprofit Tech for Good

As a nonprofit organization, securing funding is essential to fulfilling your mission and driving meaningful change in your community. Come along with us as we explore how nonprofit grant management software is evolving and what cool new things it can do to help organizations like yours get and use funding to make a real difference.

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How to Streamline Your Data Entry and Reconciliation Processes with Integrated Fundraising and Finance Solutions 

sgEngage

Compromised Audit Trail Without a clear and consistent audit trail, it can be challenging to trace transactions and ensure that all funds are accounted for. You dont need to decipher where the funds need to go when your systems are connected. This creates a single source of truth that everyone can access.

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60-Day Guide to Launching Your Fund Accounting Extensibility Project

sgEngage

Having a fund accounting system can significantly streamline your finance function. Tools like Power Automate and Power BI can extend your fund accounting and transform your nonprofit accounting software into an even more powerful tool. You have automation, workflows, and dashboards immediately after implementation.

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