Non-Profit Mergers: It’s Time to Close. Now What? Beyond Planning & Due Diligence Last month, we talked about the initial considerations of a non-profit merger, as well as the critical due diligence phase. After finding unity of purpose, reflecting on the relevant issues and deciding that a merger aligns with your goals and mission, you engaged in… | Read the full article »
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Last week, we talked about the strategic planning of an ERP system implementation, with factors to consider in both the planning and implementation phases. This week, we pivot to how to choose the right system for your organization. The decision has been made. You and your key stakeholders are ready to automate and streamline the… | Read the full article »
ERP System Implementation Importing a Phased Plan, Exporting Complexity Transitioning to updated, automated systems that support growth and infrastructure is crucial to the long-term success of an organization. As part of this transition, the value of an Enterprise Resource Planning (ERP) system cannot be underestimated. Despite some challenges due to the complexity of automating several functions… | Read the full article »
You Have Unity of Purpose, but What about Unity of Numbers? The Importance of Financial Due Diligence in Non-Profit Mergers Last week, we talked about the initial considerations of a non-profit merger. Once you’ve reflected on the relevant issues and made the decision that a merger aligns with your goals, donors, board members, and mission, it… | Read the full article »
It May be Time for Non-Profits to Consider a Merger A Possible Solution During Impossible Times The profound effects of the COVID-19 pandemic will be felt for years to come in all aspects of our lives and businesses. However, non-profit organizations have faced, and will continue to face, their own set of unique challenges. Overall closures, increasing unemployment, a lack… | Read the full article »
In all my years as a CPA and a CFO, I do not recall anyone (ever) who has gotten excited about a financial audit. No one wants to pay for an audit (in money and time), prepare schedules for the auditors, or answer the millions of questions they ask. Who has time for all of… | Read the full article »
There were more firsts this year than any of us care to count. Some issues, however, have been around for a very long time and aren’t going anywhere. In fact, many are more important than ever before. Financial strategies and solutions, infrastructure, investor relations, and negotiations simply do not quarantine themselves, even during a global… | Read the full article »
How a Pre-Pandemic Shift Left Companies Vulnerable At the Intersection of Financial Infrastructure and a Global Pandemic How a Pre-Pandemic Shift Left Companies Vulnerable Pre-pandemic (do we even remember that time?), the investment world had experienced a huge shift. Unfortunately, this shift did not help prepare companies or investors for what was to come. Priorities had… | Read the full article »
Often, when people think of budgets, images of CPAs and CFOs come to mind. They’d assume leave the numbers to those with the titles and letters following their names. However, in reality, budgets are for many more than just those with accounting backgrounds. In fact, allindividuals with any spending authority in an organization should be comfortable bonding with the organization’s budget. A budget is an invaluable tool to help individuals make… | Read the full article »
While this year has given us challenges beyond what any of us could have imagined, I choose to be thankful for all the experiences I have had and lessons I have learned in 2020. Thanksgiving is the perfect time to have gratitude above all else. Early this year, if someone had told me I would be okay with certain things, I would have said, “No, not me. I just can’t live like that!” Admittedly, there were many ‘I can’ts.’ … | Read the full article »