AccuFund commissioned publisher Nonprofit PRO to survey its readers (nonprofit finance professionals and top organization management) to benchmark nonprofit financial management. Nearly 300 nonprofit professionals participated in the survey.
Key Findings Include:
• More than half of all respondents struggle with reporting non-financial performance data.
• Overall majority don’t enjoy the automation of reporting with 73% spending up to 5 hours per week manipulating data outside their financial system and 27% spend more than 6 hours per week.
• 95% report having under 5 accounting staff members; the reporting bottleneck can’t be solved by manual intervention.