Posts by Eric Oliver
Nonprofit Financial Health Check: Are You Prepared to Weather Uncertainty?
Reading Time: 2 minutes Your nonprofit may provide services for thousands of people a year, but when was the last time you examined how you manage your organization’s finances? Your nonprofit must consider financial reporting processes and internal controls in financial reporting (ICFR), compliance with legal and regulatory requirements, risk management, protecting assets and providing proper financial oversight, and…
Read MoreBest Practices for Cloud Implementation
Reading Time: 2 minutes Migrating to cloud-based software has never been easier. If you’ve been thinking about moving your organization to cloud-based accounting software, MIP Fund Accounting® makes it simple. Our team is here to ensure your migration experience takes every element into account, and to make sure your organization is fully supported as you move to MIP Cloud. …
Read MoreWhen is it Time to Migrate to the Cloud? A Customer Guide
Reading Time: 3 minutes As the days get shorter, it’s a sign that summer is ending and fall is approaching. What are you doing to end the summer? Trying to get in one last vacation? Going out to see one more ball game? Just as we have signs summer is coming to a close, your organization may be starting…
Read MoreImproving Your Organization’s HR Processes
Reading Time: 3 minutes Human resource professionals at nonprofits, schools and government organizations are constantly faced with one challenge after the next, and often are juggling full-time staff, part-time staff, and short-term grant-funded positions. Using Technology to Improve HR Efficiency When HR departments are spread thin, it can contribute to higher error rates on employee information, or worse, leave your…
Read MoreAccounting Software for Tribal and Governmental Organizations
Reading Time: 4 minutes Government and tribal organizations have specific needs that can be better served with specialized accounting software. If your organization is using multiple systems to handle your day-to-day accounting, payroll, and reporting, it may be time to review what a fund accounting system can do independently. Here, we explore the common issues fund accounting systems solve…
Read MoreMIP Customer Resource Library: How to Maximize MIP to Prevent Fraud, Audit, and Compliance
Reading Time: 2 minutes Your organization is already in charge of its financial story using MIP Fund Accounting®. Regarding fraud, audit, and compliance, we’ve also got you covered. MIP helps fight fraud, speeds up the audit process, and ensures your organization is always compliant. We want to ensure your nonprofit organization makes informed financial decisions and that your organization…
Read MoreLessons Learned: Balancing the Needs of Students from a Financial Perspective
Reading Time: 3 minutes It’s no easy feat to balance all the needs of students young-to-old. No matter your type of educational organization, you likely have a multitude of projects, programs, and services that your finance and accounting teams need to track. And you may be asking yourself, ”Is there an easy way to track multiple budgets, funding streams,…
Read MoreFinancial Health Checkup: Growing Net Patient Revenue for Nonprofit Health Centers
Reading Time: 3 minutes Your organization may provide health services for thousands of people a year, but when was the last time your organization performed a check-up on its finances? Similar to how patient care can be complex, accounting within a healthcare setting can also be complex. It must consider financial reporting processes and internal controls over financial reporting…
Read MorePeople-powered Problem Solvers: How to Maximize MIP® for Human Capital Planning
Reading Time: 2 minutes When it comes to your organization, there’s no more important asset than your employees. In this era of remote and hybrid work models, ask yourself: is your organization doing everything it can to accommodate your employees’ human resources and payroll needs? If you’re still relying on paper processes for any element of these essential tasks,…
Read MoreThe Temple of Fund Accounting: Searching for Adventure in MIP Cloud and MIP On-Premise
Reading Time: 2 minutes Dust off your fedora and find your bullwhip. We’re going on a treasure hunt to discover the differences between MIP® Cloud and MIP On-Premise. It’s essential to have flexibility in your software solution. With MIP Fund Accounting, you have the choice to continue your journey with our award-winning MIP On-premise system or our top-rated MIP…
Read MoreNonprofit Leadership in 2022: Up in the Cloud
Reading Time: 3 minutes Up in the sky, what’s that? Is it a bird? A plane? No, it’s proactive nonprofits migrating to cloud-based solutions in 2022. Going into 2022, 88% of VP-level professionals said they planned to adopt a cloud-based solution during the year, according to the 2022 Nonprofit Research Study—which surveyed 400 nonprofit professionals, including multiple C-suite level…
Read More3 Ways to Examine Your Accounting Systems to Implement Net Tuition Revenue for Your School
Reading Time: 4 minutes Working to meet the financial need of families who qualify for financial aid does not mean sacrificing the biggest line item on your income statement, tuition. When your school proactively approaches tuition and financial aid, you can increase student counts, build diversity, and work to capitalize on another tenant of creating a sustainable revenue stream…
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