A nonprofit’s ability to thrive and grow can be directly tied to how well its board of directors performs their governance and oversight role. It requires a plethora of information from multiple sources to meet this fiduciary duty. Recording, tracking, organising and presenting your organisation’s data in a form that is accurate, easy to understand, relevant and actionable as well as secure and available at a moment’s notice is critical to fulfilling this role and is one of your volunteer treasurer’s most important duties.
If you want your NFP to grow, then your organisation must enable your treasurer to be able to perform these necessary functions. The easiest, most cost-effective way to do this is to back them up with robust, fully-functional software that’s specially designed to meet their needs.
More than the Sum of its Features
There are many brands of accountancy software on the market that enables users to complete a host of bookkeeping tasks; but, most of them are filled with generic forms and processes that can be customised for the for-profit or non-profit sector. Admin Bandit breaks the mould because it has been designed to be used by volunteer treasurers. It is a powerful suite of tools that enables you to manage the NFP’s finances and makes it easier to monitor the health of the nonprofit. Thanks to Admin Bandit, you can give your board actionable information, that informs their decisions and helps them take the steps that are necessary to strengthen their organisation so that it can flourish and grow in a sustainable manner.
Software that Benefits You!
Admin Bandit is easy to set up. In fact, in less than 2 minutes you can be up and running, tracking your bank account transactions, issuing receipts and invoices, and monitoring your expenditures. Creating the annual budget has also never been easier, as it allows you to import last year’s data. All your records are kept in the cloud, so that it stays up-to-date, secure, and accessible, around the clock, every day of every year.
While its ability to record and track information, and produce a host of reports is great, one of the best benefits it provides is that it makes it easy to keep track of your NFP memberships and donations. This way, you can keep up with who has paid their dues, and take action to increase engagement, and prevent lapses in membership. By tracking donations, you can keep an eye on who has made a gift to your nonprofit, when it was made, and its size, along with other key demographic information for your donors. Not only does this allow you to measure the effectiveness of your fundraising campaigns, but it also enables you to segment your donors and conduct further research. You can then adjust your messages accordingly to encourage your existing donors to increase their support by signing up for recurrent monthly giving, or take it a step further and become major donors and key supporters of your cause.
All these benefits are available to you and your nonprofit when you make the decision to empower your volunteer treasurer and give them this tool that will increase their productivity and improve your ability to guide your nonprofit into greater opportunities for growth!
Check out this list of features, to learn more about how Admin Bandit software can improve your nonprofit’s efficiency and effectiveness and sign up for the free 55-day trial to see for yourself how easy it easy to stay on top of your nonprofit’s financial health and well-being!