Posts by MIP Team
12 Tips to Help Board Members Become Amazing Fundraisers
Reading Time: 5 minutes Nonprofits like yours work hard to meet their goals and practice successful community outreach. While board members help govern your organization, they also play a pivotal role in nonprofit fundraising. By advocating for your nonprofit’s cause, board members can extend the organization’s reach and influence — ultimately driving increased donations and sustaining its vital work.…
Read MoreChange Management in the K-12 Business Office
Reading Time: 5 minutes Change can be tough, especially in an organization with multiple departments and countless processes. Change management offers a structured approach that can help ease the transition if you’re completely transforming your school or implementing some new technology. This strategy can be a game-changer in adding new technology or making organizational changes in a school, offering…
Read MoreMIP Earns Best Software Ratings from TrustRadius for the Third Year in a Row
Reading Time: 2 minutes TrustRadius has recognized MIP with a trio of Best of Awards. MIP won Best Feature Set, Best Value, and Best Relationship awards this month, in recognition that MIP users provide high ratings for MIP product features and the total value the software delivers.
Read MoreReasons You Should Move from On-Premise to Cloud
Reading Time: 4 minutes With digital transformation reshaping industries and revolutionizing how we work, nonprofits are finding themselves stuck between transitioning to the cloud and using their on-premise capabilities. As the demands on nonprofits continue to grow and maximize their impact, migrating from on-premises IT infrastructure to the cloud is emerging as an essential tool. Investing in cloud services allows nonprofits…
Read MoreHow to Prepare Your Nonprofit Finance Team for #GivingTuesday
Reading Time: 5 minutes November is the start of the season of giving, and this time of year is one of the most important for nonprofits. #GivingTuesday is a day for nonprofits to reach out to their communities and fundraise for their missions. Understanding the significance of #GivingTuesday and how you can best prepare will help your nonprofit work…
Read MoreBenefits of an Integrated HR Payroll System
Reading Time: 4 minutes Organizations can enjoy many advantages when working with an integrated human resource (HR) payroll system. Consolidating these important functions into a single management solution can boost operations. With the right tools and capabilities, your organization can supercharge its accounting software and maximize efforts to achieve your mission. We are breaking down the key benefits of…
Read MoreHow MIP Cloud Can Sustain Your Mission and Propel Growth
Reading Time: 3 minutes Organizations continue to flock to the cloud, with market spending projected to reach nearly $600B in 2024, according to Gartner. Increasing productivity in the cloud is a driver of digital transformation in most organizations, including MIP Fund Accounting customers. Seventy-three percent of organizations are actively investing in cloud-based technologies in 2023 to increase efficiency and…
Read MoreOptimizing Workflows Around Procurement & Integrated Accounts Payable
Reading Time: 4 minutes Nonprofit organizations like yours can use accounts payable automation technology to manage financial transactions. Though many accounting solutions include accounts payable functions, they tend to lack the ability to control complex accounts payable procedures. With accounts payable software, your organization can reduce manual tasks and eliminate human error. Along with providing dashboards and analytics, the…
Read MoreGenerating Revenue for K-12 Schools
Reading Time: 5 minutes K-12 schools across the country face many challenges, one of the most pressing being funding. With tight budgets and limited resources, schools often struggle to provide the education and services that students need. Fortunately, several creative ways can generate revenue for K-12 schools to help boost funding and improve the educational experience for students. How…
Read MoreHow Fund Accounting Can Support Your Board
Reading Time: 6 minutes Effective board governance is crucial for the success and sustainability of nonprofit organizations. One key aspect of board governance is financial oversight and stewardship. Fund accounting, a specialized approach to financial management, can play a significant role in supporting and empowering nonprofit boards in their governance responsibilities. What a Board Should Know About Finances When it…
Read MoreWhat to Look for in Nonprofit Accounting Software
Reading Time: 4 minutes Nonprofits have unique financial responsibilities and compliance standards. Accurate and systematic accounting is necessary for organizations to grow and keep operations running. Unlike businesses that focus on maintaining profitability, nonprofits need fund accounting software that centers around accurate recordkeeping and financial organization. When exploring different accounting software options for a nonprofit organization, there are some…
Read MorePayroll Integration With Accounting Software
Reading Time: 5 minutes Efficient management of payroll processes is crucial for organizations of all sizes. Traditionally, payroll and accounting tasks have been handled separately, leading to potential inefficiencies, errors, and time-consuming manual work. However, with the advent of technology, integrating payroll systems with accounting software has emerged as a game-changer, offering significant benefits and streamlining operations. Below, we…
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