“Here we go yo, here we go yo, so what, so what, what’s the scenario?” The effects of the Great Resignation continue to ripple through the nonprofit sector, and its reach has changed how organizations operate. Gone are the days of antiquated processes that seldom change, and in its place are nimble organizations, rising to meet their employees wherever they are.
From February 2020-21, the nonprofit workforce saw a 7.4% decline in the workforce estimated to be down by over 926,000 jobs on a year-to-year basis. The losses have made employee retention essential, with companies everywhere pivoting to create enhanced employee benefits and greater workplace flexibility. In fact, within three years, most nonprofits believe most of their work will take place online.
As workplaces become more digital-first focused, your on-premise processes must undergo a digital transformation. Your employees can work everywhere, shouldn’t your technology too?
Cloud adoption rates across all industries are rising, and analysts predict they’ll continue growing moving forward. According to a survey by O’Reilly Media, 90% of 2,834 respondents said their organization was using cloud computing, with 48% of those respondents indicating they’d move 50% of their software loads to the cloud in the coming year. MIP Fund Accounting® users are moving to the cloud in droves as well. About 11,000 users are currently in the cloud, with adoption rates growing exponentially through the pandemic.
Have you wondered if your organization should jump to the cloud? We’ve reviewed four common scenarios and offered insights on why migrating to the cloud is the best solution.
Scenario 1: You don’t have a disaster recovery plan
You can’t prepare for them, but how long would it take your nonprofit to get up and running after disaster strikes? The MIP® Cloud uses multiple, offsite virtual servers to ensure data is protected and available after a natural disaster. If something happens to your office, your data is safe, and you can resume operations sooner. The cloud also offers peace-of-mind data backups. If something happens to your operational data, it can be effortlessly restored to ensure business continuity.
Scenario 2: You have staff who work remotely
In this changing workforce, the four walls that define an office are becoming more virtual than ever before. You need a data system that can be accessed by your team wherever they are. The cloud meets you. Your staff can work from anywhere at any time.
Scenario 3: You want to reduce IT overhead costs
IT costs often go down in the cloud, as maintenance and support spend is lower or remains the same. Organizations that adopt MIP® Cloud also see a reduction in time, labor, and costs often associated with on-premise systems—there is no need to maintain any of the capital expenditures associated with on-premise systems. We calculate cloud costs by user types and allocate them specifically for your organization’s needs.
Scenario 4: Your organization is growing rapidly
Growth is good. Your software should grow with you, and MIP Fund Accounting® can. We designed our scalable, future-proof software to grow with your organization and provide the tools you need when you need them. With an array of add-on modules, the cloud can add processes to accommodate your organization’s growth for components like bank reconciliation and HR.
“Who got the vibe? It’s the cloud y’all.” This past year has seen unprecedented change, but the cloud enables your organization to do more with less and thrive moving forward.
Are you ready to migrate to the cloud? Request a demo today.