Altus Dynamics Blog

What's keeping Nonprofit CFO's up at night?

Posted by Melissa Alvares on Nov 30, 2016 10:15:00 AM

In many ways the stress on Nonprofit CFO's is a lot more than their For-Profit counterparts. This is because any finance scandal in the Nonprofit world means that public funds are at stake and, more importantly, the people that were supposed to be helped with those funds do not get served.

Even though there have been some eye-catching headlines in the past with regards to reporting and misuse, in general finance professionals in the Nonprofit sector are highly skilled and have a strong sense of values. Many are also extremely innovative because with limited funds they tend to re-invent traditional business models in order to maximize the money they have to fund their mission.

In a study by American Nonprofits, more than 900 individuals who characterized themselves as CFOs or equivalents were surveyed about their job. Here are some of the key findings related to what's keeping them up at night:

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Trump’s White House Victory Could Spell Money Woes for Nonprofit Charities

Posted by Cait Abernethy on Nov 15, 2016 1:13:04 PM

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3 Reasons Why Altus Finance Users Love Dimensions

Posted by Andrew Cheung on Oct 13, 2016 9:12:07 AM

An organization’s chart of accounts (COA) is crucial in organizing and analyzing all transactions, which is essential for your Finance Manager and ultimately important for your Finance department’s success. However, many organizations are inefficient and experience headaches with their COA. More specifically, many older systems have one line for an account code, which cannot be broken apart and analyzed separately.

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Need new technology? Here's how to build the business case.

Posted by Nicola Dickinson on Oct 7, 2016 9:00:00 AM

For many Human Services organizations, the ROI of technology is indisputable. Yet some organizations have been stung by very memorable IT project failures, and these failures stick in the minds of the people who write the checks. As a result, the level of trust in software can be low, and this lack of trust (combined with growing economic pressures and scrutiny from boards) has caused business leaders to become highly skeptical when it comes to spending big bucks on IT projects (“the last time we gave you money, you blew it!”).

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The Financial Impacts of the New Federal Overtime Laws and How Nonprofits Can Adjust Accordingly

Posted by Cait Abernethy on Sep 21, 2016 9:30:00 AM

If you work for a Nonprofit in the United States, you have likely heard that new federal overtime laws/rules are coming into effect December 2016. They affect how you categorize the professionals in your sector - “Exempt” or “Non-Exempt” - and how they’re paid, whether through set salaries or through hourly wages that include overtime for hours worked over 40. If reading that sentence makes you want to hyperventilate into a paper bag for a few minutes, you’re not alone.

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Challenges and Solutions to Controlling your Purchasing Budget

Posted by Stefanie Gause on Sep 2, 2016 1:48:10 PM

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NAV Tips and Tricks

Posted by Chris Carre on Sep 1, 2016 12:00:00 AM

Dynamics NAV is full of little user tools that can help speed up your daily activities. Because there aren’t flashing red lights around all of the benefits, we wanted to highlight some of the key tricks within the solution:

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Three things you’ll love about the updated Expense Claims module in NAV 2016

Posted by Cait Abernethy on Jul 21, 2016 10:00:00 AM

We recently released the 2016 version of our finance solution and, with this, a slew of new features and functionalities that help make your life and job easier. All of these changes came from feedback we received from end users, and were built in collaboration with them so that the end product would work the way they work. While our Expense Claims module was already used and loved by many, we decided not to rest on our laurels and to make the functionality even better than it was previously. Here are three of the things you're going to love most about our updated Expense Claims module:

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Altus K12 Executive Briefing: Powering Ontario K12 Boards with leading technology.

Posted by Stefanie Gause on Jun 21, 2016 10:00:00 AM

Last week we were excited to join a number of boards in Waterloo, Ontario, to talk about their challenges with K12 financial and HR Payroll management. We were thrilled that our client the Waterloo Catholic DSB was generous enough to host all of us at their Board office.

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The 10 Things You Should Know Before Entering an ERP Software Licensing Agreement

Posted by Cait Abernethy on Feb 23, 2016 11:48:23 AM

Legal contracts can be a very intimidating but necessary part of all major transactions that your organization enters into. The scariest aspect of these contracts is the fact that if you do not interpret the information correctly, or if you do not ask the right questions, you can end up getting less and paying more than you expected. This is especially frightening when you are a nonprofit organization who is working with an already limited budget.

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