ERP for Development Sector (NGO)
ERP for Development Sector and NGO
In the development sector and NGO landscape, securing funding is crucial for their operations, and this funding mainly comes from corporations and individuals. To meet the requirements set by statutory guidelines, these organizations need to maintain separate accounting books and comply with FCRA regulations. It’s essential for them to report their expenses accurately to show donors how funds are utilized within specific projects. This transparent reporting demonstrates responsible financial management and builds trust.
To address these challenges, Prudence Consulting offers specialized ERP systems designed specifically for the Development Sector and NGOs. Our integrated ERP solutions simplify financial tracking, ensuring organizations adhere to statutory requirements and facilitating transparent reporting. With our ERP system, NGOs can effectively manage their day-to-day operations, optimize resource allocation, and demonstrate the impact of their projects.
By partnering with Prudence Consulting and utilizing our ERP for Development Sector and NGO, organizations can enhance their operational efficiency, promote accountability, and maximize the positive outcomes of their initiatives. Our user-friendly ERP system empowers NGOs to streamline their financial processes, meet compliance standards, and focus on driving sustainable change in the communities they serve.
FAQs
- 35AC
- 80G
- FCRA
- Others
- Streamlines fund distribution
- Categorization of grants received from donors
- Based on parameters like:
- 35AC,
- 80G, and
- FCRA/NON-FCRA
- Facilitates efficient reporting
- Fund utilization to donors based on the type of donation.
- Vast amounts of data related to donors.
- Manual data Entry
- Multiple sources of funding and grants
- Complex projects with various stakeholders
- Legal and regulatory requirements
- Improved decision making
- Up-to-date financial information
- In Built control on the budget vs. actual
- Project wise expenses
- Detailed accountability of grant expenditures
- Automate budget checking
Dashboards in the ERP solution provide.
- Easy-to-use monitoring tools for different roles and users
- Including Management,
- Accountants,
- Program Managers, and
- Field Office Staff.
These dashboards are accessible over the web and mobile devices, facilitating real-time insights.
The ERP solution automates budget checking to monitor fund availability, especially those with restrictions. It ensures that money is available and that the program or activity is permitted before placing orders.
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