To those unfamiliar with working in the charity and nonprofit sector, investing in technological solutions just like for-profits do, may seem a strange concept. However, nonprofits perform many of the same operations that for-profit businesses do, whilst facing additional requirements to maintain their non-profit status.
Enterprise Resource Planning (ERP) offers a cost-effective way for charities and nonprofits to improve their overall business efficiency and customer experience. This means that for well-run charities or nonprofit organisations, using ERP provides multiple benefits for both employees and the organisation as a whole.
In this article, we explore the roles of ERP in the charity and nonprofit sector and how it can be used to benefit your organisation.
1. Improved management of collections & donations
Modern ERP platforms make it even easier to manage stock with improved visibility and automation. An ERP will connect all your retail stores and warehouses across one application for greater accuracy and accessibility. This gives charities and nonprofits that have a large number of retail outlets and warehouses a more streamlined process, as well as better inventory control.
With an improved management of stock, data entry errors are reduced, and data collection accuracy becomes greater across all products.
2. Greater compliance with industry regulations
Tracking the regulations that your charity or nonprofit need to comply with is a tricky and tedious task. But nevertheless, an important one. It’s easy for things to slip through the net when compliance concerns are being handled manually – and there’s the trouble of regulations constantly changing.
With an ERP solution, compliance can be automated. Most ERP systems integrate your back-office operations with the appropriate rules, so that you’re never off guard.
ERPs are also regularly updated by vendors when different laws and regulations change. This means you can focus on the bigger picture without getting side-tracked by changes to regulations in your sector.
3. Reduced operating costs across your organisation
Another way charities and nonprofits can benefit from ERP is the reduction in operating costs that it brings. Whilst there is often a large upfront investment, an ERP will help streamline processes and efficiencies from the second it’s implemented.
You also remove delays in the right information being available, helping drive smarter decisions that boost growth and increase opportunities.
In short, working smarter helps decrease your operating costs and boosts growth across your organisation.
4. Easy to use reporting for greater decision making
A well-designed ERP solution for charities and nonprofits offers reporting tools that are easy to use and can generate detailed reports on demand. This allows charities and nonprofits to see real-time data across hundreds of stores and warehouses, whilst presenting insightful reports for those big decisions.
Charity and Not for Profit ERP from Nolan Business Solutions
With over 30 years’ experience in the industry, and as an accredited NetSuite and Microsoft Dynamics solution provider, we have the expertise needed to enable your charity or nonproft to grow. Over these years, we’ve worked alongside many organisations who use our expert solutions to meet their everyday needs.
If you’re ready to take your business to the next level, get in touch with our team at Nolan Business Solutions today. We’re standing by to answer any questions and are always happy to help.