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AcctTwo Blog

Measuring What Matters in Nonprofits

The right nonprofit financial management system can enable the access to statistical financial and operational data so you can automatically calculate key metrics such as financial (revenue), statistical (membership), or a combination (donations per attendee). And it can offer the visibility, automation, access, and adaptability you need to grow your organization or ministry and succeed. Whether you benefit from fast and easy reporting or automating processes that yield greater efficiencies, you will be a better steward of your funds when you start measuring what matters in nonprofits.

Topics: Metrics Not-for-Profit and Faith-Based

Adopting Fundraising Metrics For Nonprofits

As donors and funders increase pressure on nonprofits to provide transparency and connect measures to outcomes, it can be hard to know where to start. If it's time for your organization to think about adopting fundraising metrics for nonprofits, it's important to identify supporting metrics that align with your strategic mission. When you focus on what and how to measure, you inform other aspects of your strategic planning, strengthening your stewardship and performance, and increasing your mission or ministry's impact.

Topics: Metrics Not-for-Profit and Faith-Based

Using Outcomes to Measure Nonprofit Success

With intense competition for donor dollars—and funders insisting on greater accountability and visibility—nonprofits must show fiscal responsibility as well as program results. Agile nonprofit organizations have learned that using outcomes to measure nonprofit success facilitates the financial transparency that's in demand. Like them, you can use outcome metrics to easily measure and report on your organization's performance which enables nonprofit financial transparency.

Topics: Metrics Not-for-Profit and Faith-Based

Trend: Nonprofit Financial Transparency Proves Challenging

Successful nonprofit organizations have implemented outcome metrics to provide nonprofit financial transparency, measure, and report on their performance. Outcome metrics not only show funders and constituents how the organization is performing; they also help pave the way for sustainable growth and greater efficiency. 

Topics: Metrics Not-for-Profit and Faith-Based

How is GAAP Accounting Like Baseball Statistics?

The relationship between baseball and accounting is not immediately obvious until you consider how detail-oriented both are. Baseball relies on a byzantine set of statistics; Accounting focuses on a dizzying array of figures. Success or failure is evident through metrics alone.

Topics: Financial Analysis, Ratios and KPIs Operational Reporting GAAP Metrics Baseball Stats

Beyond GAAP: Making the Most of Your Strategic Advantage

GAAP still has a role to play in financial reporting, but it's no longer the most important set of metrics for today's businesses. For today's forward-thinking CFOs, the real work involves looking beyond finance to facilitate every strategic advantage possible.

A strict focus on GAAP is necessary for regulatory compliance, but in the larger scheme of things it's just one responsibility for finance departments to manage. And, increasingly, it's become a responsibility that requires minimal input and oversight. Many financial applications have made GAAP adherence almost automatic. That means companies need to look beyond basic accounting functions to give themselves a competitive edge.

Topics: Financial Reporting Financial Analysis, Ratios and KPIs Operational Reporting GAAP Metrics

Managing SaaS Metrics throughout the Company Growth Lifecycle

Fast growth requires fast decisions made with the right information. All companies struggle to do this. But SaaS companies face more challenges. You construct your metrics reports with data you’ve pulled from disparate applications, and then aggregate that data and perform calculations within spreadsheets—typically a time-consuming, error-prone process.

What if you could easily capture and instantly access the detailed metrics you need, right when you need them? What if these metrics shed light on the pitfalls and opportunities ahead, as well as the root causes of performance trends?

Topics: SaaS eBook Cloud Computing / SaaS Financial Analysis, Ratios and KPIs Metrics