Abila Releases Nonprofit Finance and Fundraising Collaboration Study
Differing priorities, variances in reporting metrics, and lack of communication are top challenges; software integrations important to collaboration
Differing priorities, variances in reporting metrics, and lack of communication are top challenges; software integrations important to collaboration
AUSTIN, Texas, Feb. 17, 2016 /PRNewswire/ -- Abila, the leading provider of software and services to nonprofits, associations, and government entities, today announced findings from its Nonprofit Finance and Fundraising Collaboration Study. The study explores the current challenges between fundraising and finance departments and opportunities for a more collaborative nonprofit. The study also looks at trends by organization size and across generations (Millennials, Generation Xers, and Boomers).
"Collaboration between finance and fundraising is crucial to the success and growth of a nonprofit organization," said Rich Dietz, Abila's director of fundraising strategy. "We found many nonprofit professionals see opportunities for better collaboration, specifically with fundraising Millennials who feel the least collaborative with their finance counterparts. As more Millennials enter the workforce, it is critical that shared priorities and terminology are introduced from the very beginning."
Key Study Findings Include:
"Technology can play a key role in breaking down siloes, increasing information sharing, and improving opportunities for better decision making," said Dan Murphy, Abila MIP Fund Accounting™ product manager. "When finance and fundraising are able to look at the same data, they can work together to report on the overall health of the organization to the board and other key stakeholders, instead of reporting on different goals and budgets."
The full report can be downloaded at: www.abila.com/CollaborationStudy.
Additional Media:
About the Study
Abila surveyed more than 1,400 nonprofit professionals representing both fundraising and finance departments at organizations in the United States with annual revenue from $1 million to more than $50 million. The online surveys took place between November 5 and December 21, 2015.
About Abila
Abila is the leading provider of software and services to nonprofits, associations, and governmental entities that help them improve decision making, execute with greater precision, increase engagement, and generate more revenue. With Abila solutions, association and nonprofit professionals can use data and personal insight to make better financial and strategic decisions, enhance member and donor engagement and value, operate more efficiently and effectively, and increase revenue to better activate their mission. Abila combines decades of industry insight with technology know-how to serve nearly 8,000 customers across North America. For more information, please visit www.abila.com.
Media Contact:
Jenna Overbeck
[email protected]
512.861.3248
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SOURCE Abila
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