Public Sector: Not-for-profit

Business Solutions

Not-For-Profit Accounting Software

MIG specializes in helping Not-for-Profit organizations fully utilize their technology investments and make the most of the money they have. Fortunate for you, we have technically advanced systems to facilitate these processes, bringing more money in the door, while alleviating an already overworked staff by automating as many processes as possible, meanwhile utilizing non-profit specific off-the-shelf functionality.
 
MIG & Co. already helps many of the Not-for-Profit organizations in the New York metro area by improving results with advanced accountability, so they can focus on doing more for their communities and clients. Traditionally, the following areas bullets represent the major obstacles faced by Not-for-Profit organizations:
  • Fundraising is important to keep a Not for profit afloat as most initiatives are done without raising a dime for your organization. A system that allows you to see how much you may get from fundraising and analyze what you steps you will need to take is needed to succeed.
  • Trust accounting is not an easy task that can be accomplished right away. You need to have some basic knowledge to understand how they work. With one of our Business Solutions you can manage that trust with ease.
  • Gift processing can be a tedious task depending on the amount of donations received. You have to take into account the gift, enter it into your database, deposit, put into your General ledger and many more steps. If you do not have the right tools, some donors will not receive a "Thank you" for their donation and be forgotten. Sometimes the gift may not be deposited in the chaos causing your Not For Profit to lose funding.
  • Encumbrance management will allow you to see if funds will be available when needed. In addition, you will have the ability to encumber funds with an analytical accounting giving you a in-depth look at your financials to better forecast and budget for the future.
  • Inter-fund transfers can become complicated if you do not have the right tools to manage these transfers. With a Business Solution integrated seamlessly, you can just choose which accounts to send the funds to without having to contact people outside your office.
  • Donor management and tracking will soon become hard to keep up with. As your business grows so will the number of donors you want to keep in touch with. Deepening those relationship is key to running your Not-For-Profit Organization. Depending on the system you choose, you will be able to see key information about your donors as well as their history with your business such as donations or partnerships.
  • Event management is key to meeting new donors as well as getting back in touch with past donors. It is critical to have everything perfect  and in order to do that, your employees will need to plan out every step and collaborate with others in your organization. Tasks need to be readily available and editable when needed.
  • 501(c)3 compliance reporting is to help gather the correct information for Tax-Exempt Charitable Financings.  There is a lot of data that needs to be collected to make sure you are following up to date guidelines. One mistake will cause your Not-For-Profit Organization to have to pay unnecessary taxes.
         
To learn more about how investing in Enterprise Resource Planning (ERP)
software now can help your business grow, contact us! We'd be happy to tell you more.

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