More Money More Problems
Consumer spending in the United States reached an all-time high of $12,061 billion in the first quarter of 2018. The United States unemployment rate saw an 18-year low of 3.8 percent in May 2018. And last month, 600,000 Americans entered a favorable job market where economists expected 195,000 payroll gains, according to USA Today’s June jobs report.
This growth in individual income has a positive correlation with charitable giving. In the nonprofit space, individual giving is expected to grow by 3.2 percent this year. It’s important that nonprofit leaders are adequately prepared for an impending surge in donations.
Donor trends in 2018
Of course, managing the complexities of increased donor giving is a good problem to have. As a result, several trends have emerged this year:
Different generations give differently, and it’s important to understand giving preferences when it comes to the state of donations in your organization. For example, the Millennial generation is known to be socially conscious and technologically savvy. Does your charitable giving platform offer mobile and Cloud-based options for these customers?
The 2018 consumer demands transparency. In a world where data privacy has been compromised time and again, individual donors want to feel confident in their charitable giving choices. Nonprofit agencies must be able to quickly and accurately report funding and spending for all stakeholders.
Many customer relationship management (CRM) and enterprise resource planning (ERP) suppliers have cropped up recently in the nonprofit space. These platforms assist with documentation, logistics, and general administrative work that multiplies as agencies welcome new donors. The plethora of available solutions, however, can make nonprofit decision makers feel overwhelmed.
The solution for diverse, transparent, and supported giving
BroadPoint understands the complexities you face as a nonprofit organization operating in today’s thriving economy. For the past 17 years, our team of smart and creative consultants has helped our nonprofit clients remain focused on their mission by taking care of the technology piece of the equation.
And when it comes to donations, BroadPoint’s ERP solutions will interface with the donor management platform of your choosing. From DonorPerfect to Aplos, BroadPoint’s applications seamlessly integrate to help track revenue in your ERP system.
Brought to you through our partnership with Microsoft and Serenic Software, the leading global provider of financial management and business operations software designed for nonprofits, Serenic Navigator delivers integrated budgeting, grant management, reporting, data visualization, and business intelligence tools. Serenic Navigator’s fund accounting-based, logical, and table-driven architecture makes live and accurate data instantly available at your fingertips. Integration with the General Ledger, Accounts Payables, Accounts Receivables, and Fixed Assets are part of its core functionality. This user-friendly and globally renowned tool combines the longstanding reputation of Microsoft Dynamics NAV with BroadPoint’s specialized flair for the nonprofit space.
BroadPoint provides technology solutions in the Cloud and on mobile devices that adapt quickly to the changing needs of nonprofits. When you choose us as your trusted partner, we will analyze your requirements and pain points; select the best solution that fits your organization; and provide implementation, training, and on-going support services.
We are passionate about helping you deliver results quickly. Contact us today to learn more.