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Modernize Workflow and Financial Systems to Improve Financial Stewardship for North American Nonprofit Organizations

Modernize Workflow and Financial Systems to Improve Financial Stewardship for North American Nonprofit Organizations

IDC
Pages 15 Pages

This IDC InfoBrief explores modernization priorities for North American nonprofits, focusing on financial planning, compliance, and agility. Based on June 2023 survey data, it reveals challenges with manual processes, data reconciliation, and reporting delays. It advocates cloud-based financial systems with embedded AI, automation, and better data visibility. Key goals include improved efficiency, accuracy, and staff empowerment through digital tools, ultimately strengthening transparency, accountability, and mission delivery.

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