Why Your Non-Profit Should Implement Cloud-based Budgeting

Group of colleagues in green shirts engaging in a discussion in a non-profit office environment.

Running a non-profit organization isn’t easy. Time, money, and resources are often sparse which can lead to time consuming workarounds, stressed out staff members, and other issues. With increasing expectations from stakeholders, non-profits are stretched to the limit trying to focus on their missions.

Budgeting and finance professionals are under immense pressure to complete their budgeting processes quickly and efficiently, with minimal costs and difficulty. A great way to meet these goals is to implement cloud-based budgeting.

 

Here are six reasons why cloud-based budgeting software is right for your non-profit

Accessibility and collaboration

Employees often work from various places and need easy access to their budget data.  Euna Budget, powered by Questica, can be accessed anywhere you have an internet connection, and because the budget data is housed in once place, you don’t need to worry that you’ve accidentally updated the wrong spreadsheet.

Collaboration is one of the most important things when it comes to budgeting software. Euna Budget makes collaboration much easier by allowing your team to access and edit the same information, saving valuable hours in the process.

Affordability

Cloud-based software allows you to have multiple (or unlimited) users (or seats) under one monthly cost or license. Any user support or questions are answered and remedied by support teams associated with the software, meaning your IT team is not burdened by another software package to maintain.

Scalability

Scalability is how your software grows and manages the increased demands of your users. With on-premise software, scaling up would mean buying hardware, such as extra servers. No additional hardware is needed with cloud-based software. Additionally, storage and/or CPU capacity can be easily upgraded so your team can continue working without interruption.

Reliability and disaster recovery

Reliability is one of the most important benefits of cloud software. If you have connectivity issues, something happens to your servers, or a natural disaster occurs, you could lose vital information. With cloud software, various controls, agreements, and systems are put in place to make sure that you can access your software.

Security

Non-profits have sensitive client information which needs to be protected and kept private.  Cloud-based budgeting software provides higher levels of security without the reliance of an extensive IT security team.

Environmentally friendly

For many non-profit organizations, it’s incredibly important to be environmentally conscious. Cloud budgeting software allows your organization to become more sustainable by:

  • Limiting energy use: On premise data centers require lots of energy to power servers and cooling systems to stop your servers overheating. Cloud software decreases the amount of power being used, which means lower energy bills.
  • Reducing greenhouse gases and other waste: Cloud computing eliminates the need to build servers (using raw materials and energy to construct the them), allowing you to avoid a massive carbon footprint.

To explore all the benefits of Euna Budget’s cloud-based solutions, schedule a demo with our Solutions team today!

 

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