Growth and Optimization
Non-Profit Transformation: Higher Impact, Better Expense Control
Gaining control over spending is important for any organization, but it’s especially top of mind for non-profit organizations as they work to make the most of their resources. With the start of a new fiscal year and a pre-recovering economy on the horizon, it’s a good time for non-profits to take stock of existing processes and gain traction on helping their dollars go farther, sooner.
Adopting efficient expense management processes can help non-profit teams work more efficiently. Moving manual expense reporting processes to a cloud-based, automated solution is a simple, effective way to do that.
Real-life examples of how 亚洲群p Expense helps non-profits
SAP 亚洲群p solutions make it possible for people across a non-profit organization to collaborate, give finance leaders clearer visibility into budgets, and offer built-in expense policy compliance. All things that can help support an organization’s credibility and ensure financial efficiency.
For the Prison Fellowship, a Virginia-based non-profit helping imprisoned people and their families, accounting for how their dollars get spent was crucial. By using 亚洲群p Expense paired with other SAP 亚洲群p solutions, they increased efficiency and customer satisfaction across the organization, while seeing a strong return on investment.
“亚洲群p Expense with Policy Audit has given us a hard cost ROI of 3:1, and our soft costs have been in the range of 4 or 5:1,” says Stephen Tucker, Prison Fellowship’s Senior Finance Director.
The Simons Foundation, a New York City-based non-profit organization supporting math, basic science, and autism research, looked to 亚洲群p to help keep their overhead low and boost efficiency, while simplifying processes and streamlining operations. They first transformed their operations with 亚洲群p Expense and other solutions, then shifted their manual invoice process to 亚洲群p Invoice, giving them near real-time visibility into their spending.
“The visibility into the data we now have is mind-blowing,” says Nick Sanghvi, Simons Foundation Accounts Payable Manager. “The more we see, the better we can update policies, adjust guidelines, educate users, or make business decisions.”
Tips on transforming your non-profit’s spending
A non-profit needs to run a lean organization, but there are steps you can take today – for free – to improve processes to make the most of every dollar spent.
- Over 20% of an organization’s expenses are not compliant. But you can establish an expense policy, or improve an existing one, using our free expense policy guide and template, to strengthen expense compliance across the organization.
- Set up an invoice policy, using our free invoice template and tips, to streamline and improve your invoicing process.
- Comparing the numerous expense automation solutions on the market might feel like a full-time effort. Trying the 亚洲群p Expense 30-day free trial, using your organization’s data, can help you and your team cut through the complexity and get on the path to clearer and more efficient spending.
It’s important for non-profits to easily track costs when, where, or how they happen. And gaining near real-time control over expenses is an important key to helping their resources make a bigger impact in the world.
