Essential Features of Nonprofit Accounting on the Cloud

Cloud Nonprofit AccountingThe Cloud provides some essential features for nonprofits that are not available with on premise software solutions. While it has become undeniable that businesses and corporations should be considering the Cloud, it may still be unclear just how many facets of nonprofit accounting software on the Cloud can be of great use and benefit to nonprofits. For all of your fund accounting for nonprofit needs, you’ll need to strongly consider what the Cloud can do for you. To learn more about how the Cloud not only has features you can use but can also strategically help in growing your nonprofit, visit here.

Let’s take a closer look at the key features of the Cloud that would be useful for nonprofits:

  • Anytime, anywhere access

Cloud-based applications keep work online in a password-protected database with exclusive and secure access control. It’s easy to log in on any computer or mobile device with a web browser and Internet connection. This could be from the office, at home, at an off-site meeting, or anywhere else you need to be. Total connectivity on the go is a key feature needed in our mobile world!

  • Safe and reliable data and information storage

Data reliability is closely related to data security. In essence, organizational information stored in the Cloud is available whenever it needs to be referenced. Cloud solutions protect data reliability in a number of ways, including redundant servers and automatic backup. This is so important when considering the value of nonprofit accounting data and the need to keep it safe in order to protect your organization.

Natural disasters at the office building won’t wipe out your nonprofit altogether if a Cloud solution is being used to store operational information. Information is still intact and secure in the Cloud, running on redundant hardware and backed up for complete continuity. By simply logging on to what is stored on the Cloud, you’ll get back to your important work without losing time or information. When it comes to data security and disaster recovery, Cloud solutions offer the robustness needed to handle whatever unexpected events may come your way.

  • Low upfront costs

Cloud-based software systems offer a lower start-up cost and can assist in smoothing out processes. Rather than paying for costly license fees up front and annually for continuing software maintenance, Cloud-based nonprofit accounting applications are different. The best part is that paying for ongoing maintenance and fixes is substantially reduced with Cloud systems that are automatically being maintained and upgraded.  This is a significant benefit to nonprofits who are always needing to save money where they can. Typically, Cloud solutions are paid for based on storage space needed or number of users which makes them ideal for nonprofits of all shapes and sizes who are not large corporations that can afford seemingly unlimited systems and features.

  • Automatic system updates

The Cloud is automatically updated by the provider of Cloud solutions so the real-time version is always the most current. This eliminates the need to use precious time waiting for software updates to be installed, and the latest features are always ready to use and are readily available.

  • Enhanced efficiency

Collaboration and productivity are assisted with solutions in the Cloud. This happens because as newer Cloud-based applications become available and are integrated into the nonprofit accounting system, they are available instantaneously and offer immediate benefits. Remember, with Cloud solutions, what is accessible to you on your software is also available to everyone else using the same system with no lag time in sharing information and collaborating. Your organization’s staff can work together more seamlessly than ever before!

  • Little required maintenance

With a Cloud-based system, it is time to say goodbye to work interruptions for IT fixes! This means upgrades happen in the background without any disruptions, allowing your nonprofit operations to stay fully functional at all times.

If you are realizing that a Cloud solution has the features you need but don’t yet have one, RBP Methods is here to help. We offer two powerful Cloud-based solutions. AccuFund Software Online is a fund accounting Cloud solution for nonprofits that provides easy functioning capabilities while supporting your organization’s financial management requirements. Abila Nonprofit Online Suite is a complete Cloud-based nonprofit solution that helps you manage financials, grants, fundraising, and CRM in one solution. Contact us to learn more.