Trends to Watch for in Nonprofit Finance
Monday, February 6, 2017
By Dan Murphy, Product Manager, Abila
Reporter and best-selling author Jodi Kantor once said, “I've learned that the best political reporters never make predictions!” And, believe it or not, she said it long before the most recent presidential election!
Thankfully, we at Abila aren’t in the political fray. So, making predictions is one of our favorite things to do, particularly as the calendar flips to a new year.
Our nonprofit finance experts recently set out to predict what trends would impact the nonprofit finance and accounting world in the coming year and beyond.
Here’s an executive summary of what we see ahead:
- Funding instability will be an issue
- Nonprofits might need to make structural staffing changes
- More nonprofits will consider clustering
- For-profit CFOs are moving to nonprofits
- Nonprofits will use technology to gain efficiencies
For a deep dive into these predictions, along with recommended actions to keep pace with the times, download Nonprofit Finance and Accounting Predictions for 2017. For a sneak peak, check out this video synopsis.
About the Author
Dan Murphy is currently the Product Manager for Abila MIP Fund Accounting™. He has a background in nonprofit financial management, with degrees in finance and accounting and more than 10 years of nonprofit accounting experience.