Since non-profit organizations are quite different from profit-based organizations. They have a specific set of operations and financial management needs and NetSuite accounting software for non profit organization can help them to perform better, manage efficiently, and grow high.
Today, non-profit organizations need to manage and handle their funds from different resources and this requires a specific ERP plan to solve complex problems. While considering the rising needs and developing a modern approach, NetSuite release 2019.1 has updated various features and functionalities supporting non-profit organizations to achieve their higher goals in the global market.
Now, let us know what NetSuite release 2019.1 includes for non-profit organizations in terms of advanced features:
Vital Features’ Upgrades in NetSuite 2019.1 For Non-Profits:
Adjustment Can Be Made In Secondary Books
Non-profit organizations can utilize the added feature of multi-book accounting whereby they can make multiple adjustments in the adjustment-only book. The primary book will not be affected by the adjustments made in the secondary book. Through this functionality, non-profit units can access the data from both these primary and secondary books to support seamless accounting process.
E-commerce Is More Enhanced
In today’s digitalized world, e-commerce has become a vital source for non-profits to raise funds. NetSuite 2019.1 has taken care such need and hence, upgraded the functionality accordingly. Non-profit administrators can make use of several sound extensions in order to empower their site functionality to ensure user-friendliness and flexibility.
More Empowered HR Functionalities
NetSuite software for non profit organization has also taken care of the HR liabilities whereby non-profits can manage and track the employee lifecycle. Whether to perform recruitment, manage employee data and workflow in global countries, and maintain data security, new features addition will help to focus on productivity rather than just managing the employees and their data.
Global Business And Currency Support
NetSuite new release 2019.1 enriched the functionality to accept donations from worldwide locations and can make expense reports in currencies other than your default one. Now, accepting and managing donations, reimbursements, and other payments allied transactions can be made in multiple currencies while reducing the dependencies and with real-time exchange rate flexibility.
Non-profit organizations seeking to manage their end-to-end processes with global outreach can connect with NetSuite Expert, we can offer NetSuite Software for non profit organization to ensure success and sustainability.