Open Systems TRAVERSE NFP Fund Accounting Software (www.osas.com) helps the user to streamline the tracking process for expenses and increases flexibility in financial reporting. The system is designed to seamlessly export any type of report with a click of a button to Microsoft Office. This system is fully integrated, which allows the user to easily navigate through the General Ledger, Accounts Payable and Payroll modules.
In Use
The TRAVERSE NPT software is scalable, which means this system can be used by any size or type of nonprofit organization. The system has many built in features including cross fiscal year reporting for all financial reports. It gives the user the ability to track restricted and unrestricted funds and to create reports on the activities of the funds.
The General Ledger module has many time saving features including a flexible chart of accounts. You have the ability to create unlimited funds, grants, divisions and departments all in one place. It has a built in report writer that makes in easy to format financial reports.
Technology employed
The system can be used with Windows XP Professional, Windows Vista Business or Ultimate and Windows 7 Professional, Enterprise or Ultimate. An 850 MHz or higher processor with at least 512 MB RAM is recommended.
Ease of use, configuration, and deployment
The professionals at Open Systems will discuss with you the type of setup and hardware needed for your specific nonprofit organization. They will assist you in configuring and deploying the correct system for your needs. Once the system is deployed there are numerous training options available. Open Systems offers online, classroom and onsite training.
Recap
TRAVERSE NFP is a multi module innovative system that offers advanced reporting capabilities. It allows the user to create and save individualized views of the data for reporting. It is a complete fund accounting system with many built in features and tools.
The pricing varies depending on the number of concurrent users and how many applications are needed. The pricing starts around $2,000 depending on the nonprofit organizations specific needs.
Advantages
- Flexible reporting system
- Customizable
- Multi module
Disadvantages
- Add-ons and additional licenses may boost the cost of the system
My Opinion
TRAVERSE NFP is a complete system that can handle all aspects of fund accounting in any size of nonprofit organization. I was impressed with its reporting system which was flexible and customizable. This system helps to streamline the tracking process for expenses and allows the user to create allocation entries for Accounts Payable, General Ledger and Payroll. I would recommend this system for nonprofit organizations looking for a robust complete fund accounting system.
