Benefits of implementing the ERP systems can include; organizations that adopt the use of the ERP systems can have higher efficiency, accuracy in the data processing and management of the resources. ERP integrates the GANTT chart in core functions like finance, human resource, and inventory, which eliminate communication barriers between departments. Both for-profit and nonprofit companies, where automated donor tracking, volunteer management, and grant reporting can be especially useful, can benefit from them, leaving time for mission-oriented work. Also, real-time data provide an organization with the necessary information on performance, timely reporting and evaluation in a manner that fosters transparency to other interest groups in an organization. ERP systems also assist in cost control reduction by decreasing human mistakes hence enhancing the effectiveness of organizational operations.
The commercial entity’s main objectives include profits, shareholders’ return on investment and the maximization of profits. Their objectives are usually related to market competitiveness, customer satisfaction and profitability. Non-profit organizations have a similar goal to charitable organization but they are goal-oriented; their business is to fulfill certain missions to create social, cultural, or environmental changes. The success of these organizations is based on the amount of effect they make, for example, to assist with; a community, offering services or propagate knowledge.
In this case, when identifying the right ERP system for a nonprofit, some few factors that need to be considered include; First things first: you need to determine the particular pain points your nonprofit organization experiences, for example, donor management, compliance tracking, or project management. Popular ERP software for nonprofits should include some features such as grant management, volunteer management, and fundraising capabilities. Assess the system’s capacity to expand as your organization grows and consider how easy it is to use, because many nonprofits have restricted technological resources. The running costs should also be taken into account so aim at getting an affordable solution which will however meet certain basic necessities.