Why Dynamics 365 is Right for Nonprofits
8 great reasons to take a closer look at Microsoft’s cloud-based accounting solution
If you’ve done any office work for a nonprofit organization, chances are good that you’ve come across a Microsoft product. The company has a longstanding tradition of offering nonprofits free or heavily discounted software licenses and applications.
What nonprofit organization wouldn’t jump at the chance to have low-cost, high-quality software? No wonder Microsoft products are ubiquitous in the nonprofit realm.
The company’s latest accounting product promises to deepen that love affair. Dynamics 365 for Finance and Operations, Business Edition is a great choice for growing nonprofit organizations looking for a new accounting solution.
Here are 8 reasons why your nonprofit might want to take a look at this unique, new product:
1. No Hardware Purchase
Since Dynamics 365 is a Software-as-a-Service (SaaS) solution, the product requires no server hardware. This translates to a huge cost savings compared to on-premise accounting solutions that require you to purchase expensive equipment.
2. No Hardware Maintenance
If you have no hardware to buy, you also have no hardware to maintain, which frees up your I.T. team to focus on more important projects.
3. No Up-Front Cost
Dynamics 365 is a subscription-based service. This means you can avoid the large, up-front cost that comes with most traditional mid-range accounting solutions on the market.
4. Low Monthly Cost
The product’s monthly subscription fee is reasonable as well. Your nonprofit organization can purchase Dynamics 365 for Finance and Operations, Business edition, for a modest $40 per user per month. You can cancel your subscription at any time.
5. Automatic Upgrades
With most on-premise accounting solutions, upgrades are costly and time-consuming. The client must pay an upgrade fee and schedule time for an outside consultant to perform the update. Web-based solutions like Dynamics 365 update automatically for no extra charge, eliminating those additional expenses and any worry about getting stuck on an old version of the software.
6. Easy CRM Integration
Dynamics 365 is designed to fully integrate with CRM, allowing your nonprofit organization to seamlessly run all business operations from one streamlined business solution.
7. Great Functionality
Dynamics 365 is constantly gaining new product functionality. Most recently, the Dimensions paradigm taken from Microsoft’s Dynamics NAV accounting product brings killer functionality to organizations wanting to report on programs, projects, locations, divisions, departments and grants.
The Dimensions feature allows you to categorize items without creating multiple general ledger accounts. Instead, you can associate each transaction or type of transaction with a dimension that will connect it to the specific grant, program or project to better track and analyze your data.
8. Continued Improvement
One of the truly exciting things about Dynamics 365 is the speed with which it is being improved. Every two months Microsoft adds major functionality based on the response from current users. Want to have input in creating the most nonprofit-friendly accounting software possible? This is your chance.
For more information on this cloud-based accounting solution, sign up for one of our bi-weekly webinars, An Introduction to Dynamics 365 for Finance and Operations.