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What Your Organization Can Do Today to Prepare for the Top 3 Challenges of 2023
Reading Time: 4 minutes By Neil Taurins, General Manager of MIP Fund Accounting With the new year in full steam, your organization may already be chipping away at its goals for the year. With common challenges like economic uncertainty, staffing, tech stack considerations, and others facing your organization, we’ve identified these top trends, challenges and recommendations for accounting and…
Read MoreMeet MIP People and Streamline Your HR and Payroll Needs
Reading Time: 3 minutes Have you considered using an accounting solution with integrated HR and Payroll capabilities, so your organization can benefit from increased efficiency and staff satisfaction? Research from the American Payroll Association estimates that companies who have automated their payroll processes have reduced payroll costs by as much as 80%. A significant portion of the reduced costs results…
Read MoreMIP Fund Accounting Wins TrustRadius Award
Reading Time: 2 minutes Solution named Summer’s Best for Feature Set and Relationship MIP Fund Accounting®, part of Community Brands, the leading provider of cloud-based software and payment solutions for associations, nonprofits, and K-12 schools, recently added another TrustRadius award to its trophy case. Bestowed with a “Best of Summer” Award for Value, Feature Set, and Relationship in…
Read MoreHow To Do Bookkeeping For Nonprofits: Keep Your Organization On Track
Reading Time: 10 minutes Table of Contents Important Nonprofit Bookkeeping Vocabulary Statements and Forms Important for Bookkeeping Nonprofit Bookkeeping Best Practices While there are some nonprofit professionals who migrate to this world of charity from a for-profit organization, they are often faced with some major differences between the two industries right off the bat. For instance, no one owns…
Read More4 Tips to Develop a Nonprofit Budget
Reading Time: 2 minutes You’ve set your New Year’s resolutions, but what about setting resolutions for your organization’s budget? Use these four tips to ensure your nonprofit is doing everything it can around budget development.
Read MoreHow your nonprofit can benefit using automated allocation management
Reading Time: 2 minutes Fund allocation is essential for nonprofits to ensure their investments can meet their long-term goals. The MIP Fund Accounting© system allows for faster fund allocation processes through a dedicated Allocations Management module.
Read MorePower Your Health Care Initiatives by Using a Fund Accounting Solution
Reading Time: 2 minutes Find out how a true fund accounting solution can help streamline reimbursement, multiple budgets, revenue, and grant funding in health and health-related services.
Read MoreHow to Simplify Urgent Care Centers HR Systems
Reading Time: 4 minutes Every industry relies on its human resources department to implement seamless workflows to help strengthen and support its workforce. In the healthcare industry, the role of HR is even more crucial as it coordinates and manages valuable employees, implements policies, ensures compliance and even handles matters pertaining to patient welfare and satisfaction. The complexities of…
Read MoreTop Digital Transformation Trends in Private Schools
Reading Time: 4 minutes In recent years, we’ve seen major digital transformations across almost every industry. In the education industry, technological advancement has changed the way students interact with peers and teachers. As more schoolwork transitions to web-based platforms, the education industry is becoming increasingly dependent on online learning, making digital transformation even more prevalent. Continue reading to see…
Read MoreReady to Auld Lang Syne Your 2021 Finances? 5 Must-Have Elements for EOY Reports
Reading Time: 3 minutes Should auld financial figures be forgotten, and never brought to mind? Should auld financial figures be forgotten, and Auld Lang Syne? No! Financial reporting is not ‘times long past’ – your organization should always leverage and gather insight from each year’s financial statistics. When it comes time to create your end-of-year (EOY) reports, remember, these figures will serve as a roadmap to growth, funding, and mission delivery in the upcoming year. Effectively…
Read More4 Ways to Detect and Prevent Fraud in Charities
Reading Time: 5 minutes Charities and nonprofit organizations are beneficial to society in many ways. Promoting generosity and inspiring people to volunteer their time to help worthy causes are just some of the elements that can bring a community together. However, it’s essential to be proactive about detecting and preventing fraud in nonprofit organizations. Many people don’t think of charities…
Read MoreWhat to Look for in a University HR Software
Reading Time: 4 minutes A human resources information system is an electronic database that tracks employee data, pay rates, job descriptions, benefits packages and other information. This tool is crucial for processing large amounts of data with high accuracy, reducing costs, improving reporting quality and promoting efficient decision-making. Having this kind of technology available can create more free time for…
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