Everything flows, nothing stands still. – Heraclitus, ~535 BC–475 BC
A couple of years ago, we wrote the original of this article about Serenic’s licensing models. Well, all things change, so we think it’s time to update the article.
When considering nonprofit accounting software, the purchasing model adds an important dimension to the decision process. Which is the best fit for your organization – purchasing a license and installing (either on premise or on leased servers), or making the leap into the cloud?
Perpetual License –
Some nonprofits are most comfortable with their data stored locally and are willing and able to make a capital investment in the license, implementation, and necessary servers. Additionally, they may prefer to pay their costs upfront, rather than a monthly subscription fee.
- You purchase concurrent users (full or limited access).
- You install the product on your organization’s computers and servers (or on servers leased from a 3rd party).
- Maintenance of the software is under your direction and control – for example, scheduling and applying upgrades.
- Should your nonprofit need specialized functionality, you can contract to have the product customized to meet your specific needs. Read more…
Part 6 in our blog series: Tied Up in the Strings Attached to Federal Awards? Streamline compliance with A-133 Audit Rules.
In this last post, we address reporting, ensuring you are ready for federal agency requests and are allocating program funding properly.
Part 5 in our blog series: Tied Up in the Strings Attached to Federal Awards? Streamline compliance with A-133 Audit Rules
In this post, we address matching funds, service and expenditure levels, and earmarking; ensuring your organization is in compliance with any and all award restrictions.
When federal awards include a matching component, the recipient must be able to show that matching funds have been received and are from an allowable source.
Potential complication: The auditor must determine whether the minimum amount or percentage of contributions or matching funds was provided. They must also consider the value of any in-kind contributions that were received.
Streamlined: Use Serenic Navigator’s AwardVision to create rules to monitor matching requirements while ensuring matching costs are appropriately tallied on a recurring basis. By defining the matching requirements at the receipt of the award, organizations will have evidence of their guideline compliance over the life of the award. Read more…
Part 4 in our blog series: Tied Up in the Strings Attached to Federal Awards? Streamline compliance with A-133 Audit Rules.
In this post, we address tracking purchased equipment and real property, ensuring you are safeguarding your equipment and even being compensated for your share. Read more…
Nonprofits are constantly looking for ways to increase efficiency and productivity and work smarter. This can be hard to do with many different software solutions and time-consuming manual processes prone to duplication errors, which can in turn lead to non-compliance. To ensure data integrity, project and expenditure tracking, and transparency, it is vital to integrate organizational processes with solutions tailored to the specific needs of the nonprofit. Read more…
Categories: Business Intelligence, Charity Accounting Software, Navigator 2013, Navigator/Dynamics NAV Functionality, Products, Uncategorized charity accounting software, Dynamics NAV, Microsoft, Microsoft Dynamics NAV, NFP, nonprofit, Serenic Navigator, Serenic Navigator 2013
We’re very excited to announce the newest software release of Serenic Navigator, built on Microsoft Dynamics NAV 2013, which enhances collaboration for nonprofit financial management. Read more…