A new year always brings changes, and it’s time to prepare your organization for what’s to come. As you look forward to the future, be proactive by taking in our predictions for nonprofit organizations.
We’ve partnered with Abila and gathered 4 predictions to help you anticipate what’s next and prepare for a year of success.
Strategy Moves to the Forefront
A new year is another chance to grow your organization efficiently and effectively. Strategic information is crucial to making it all happen. As your nonprofit expands, you’ll need the right resources to make the decisions and plans that will lead your organization to success.
Expect to see a growing shift toward strategic planning in 2016. The idea is to identify and execute those strategies that will allow your organization to live its mission. By that same token, the identified strategies should be treated as living, breathing elements of your organization.
Make them dynamic and effective through frequent review and updates.
A Time to Highlight Teamwork and Collaboration
Probably one of the most exciting changes in store for nonprofit employees is the renewed focus on teamwork. As our world becomes increasingly more global each year, there’s a greater push for fresh ideas through collaboration. This commitment to teamwork encompasses both internal efforts and external partnerships with outside organizations.
If you love thinking big, then this is your year. Prepare to expand your horizons by working alongside co-workers from other departments. This focus on teamwork connects perfectly with the increased commitment to strategy. What better way to think long-term than planning strategically as an organization?
Of course, you’ll need the appropriate software for fundraising and cross-departmental collaboration. Reach for Abila to elevate the most important aspects of your fundraising program.
Prepare for an Investment in Security Measures
There’s no denying that data breaches happen, whether by accident or criminal intent. As hackers advance, they’re not just targeting for-profit organizations anymore. Members of the nonprofit sphere are also at risk. Just last year the Utah Food Bank experienced a data breach, which exposed the financial records of more than 10,000 donors.
Thus, concerns about breaches, fraud and overall data security are sure to rise in 2016. You may even receive questions from donors about your cyber security program.
The key is to focus on internal controls and cloud security options. While you may not be ready to invest in the highest level of cyber security, you can protect your data by storing your true fund accounting system in the cloud.
Expect Major Growth
Nonprofit organizations are predicted to grow in the next few years. We should see an increased commitment to volunteering and donating as well in communities across the nation. Therefore, it’s best to schedule in times of reflection and planning before major expansion.
How will your organization make the most of this growing period? Will you expand outreach programs? How will you support expansion with fundraising?
Certainly, you’ll need an accounting system built for nonprofit organizations and customizable to your needs. Abila’s MIP Advance™ is a true fund accounting system built for and by nonprofit professionals.
Of course, more is in store for nonprofit organizations in 2016. Be sure to check out Abila’s complete guide to nonprofit accounting predictions. You can also get more insight into the world of nonprofit accounting by joining the SYGNVS team at the Abila User and Developer Conference, March 3 to 5 in Austin, Texas.
To learn more about the right IT solutions for your nonprofit organization, reach out to our team at SYGNVS Integrated Solutions.