Not-for-Profit Organizations
One Solution to Manage Your Entire Organization
- Are you using Excel extensively to create financials?
- Spending too much time managing budgets and encumbrances?
- Are you exceeding budgets because you don’t know the balance in the budget line item in real tine?
- Does it take too long to prepare monthly fund financials?
If this sounds like your organization, our powerful yet easy to use combination of Microsoft Business Central and epimatic enhancements solve these problems and more.
Fund Accounting
- Manages an unlimited number of grants and directed donations in separate income and expense streams.
- Creates separate closes for each revenue source along with a regular series of specific reports for every fund entity
- Posting controls ensures that funds stay in balance
Encumbrances/Budget Accounting
- Manage all budgets when posting and send notifications and approvals when budgets are exceeded
- Set up Budget threshold warnings so employees can be proactive prior and alleviate out of budget situations
- Create transaction limit controls to define individual transaction limits based on G/L line
- Pre-posting budget checks to identify potential issues before attempting to post (or release a purchase order in the case of encumbrance amounts)
- Automatic posting of outstanding amounts to the G/L upon purchase order release so that those amounts are considered against budgets.
Reporting
- Report on any fund, donor or entity with budgets, variance and balance can be printed/previewed in real time
- All reports can be exported to Microsoft Office
- Reporting available from any device at any time subject to security
- Data cubes can be integrated to Microsoft PowerBI for even more powerful reporting
Ready to take your organization to the next level?
Explore how Epimatic powered by Microsoft can help you sleep at night by managing your budgets and finds, streamline reporting and improve efficiency.