Blueprint for Success in the Nonprofit Sector


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Blueprint for Success in the Nonprofit Sector

  1. 1. MAnAGed ServICe ProvIder A Blueprint for Success in the Nonprofit Sector Cost Savings Governance Accountability Transparency Compliance Confidence Insight
  2. 2. In recent years, the nonprofit sector has experienced unprecedented and increasing demands for governance, accountability, and transparency. Requirements from all directions, including constituents and the federal government, have created a complex maze of compliance issues which often obstruct an organization’s progress towards growth in the pursuit of their mission. As the number of nonprofits in the United States reaches nearly two million, and with the ever-changing regulatory landscape, organizations are now facing a fundamental struggle for resources and funding amidst the pressures for heightened governance and increased competition. The NeoSystems Managed Service Provider (MSP) solution represents a new blueprint for success in the nonprofit sector. Our back- office team of accountants and industry experts will shoulder the burden of compliance, while you focus on the organizational mission. We deploy best-in-class software systems to handle your unique requirements within a framework of Generally Accepted Accounting Principles (GAAP) that, until now, was only affordable to the largest nonprofits. Our experts will help you keep pace with changing regulations and emerging best practices. Your organization will gain a new level of confidence as you leverage the weight of transparency into an opportunity for growth and funding. This allows management to stay ahead of the curve and comfortably report back to funding sources instantly. The result is a deeper insight into your financials, allowing you to spot cost versus budget trends and make decisions quickly. The neoSySTeMS SoluTIon NeoSystems levels the competitive playing field by giving small and medium sized nonprofits the same tools and expertise that larger organizations enjoy. Our solution transforms the burden of compliance into meaningful and timely reporting, allowing you to focus on your mission and manage programs more effectively. With the NeoSystems managed service offering, you can: • Eliminate the upfront capital investment in software and hardware, as well as the need to recruit, hire, train, and maintain an in-house accounting and finance staff • Gain access to industry experts, knowledgeable in not-for-profit accounting and governance • Use best practices in governance, including SOX, as a competitive advantage • Assure compliance with OMB Circulars, the Code of Federal Regulations (CFR), and other state and federal policies • Easily handle the requirements of SFAS 116 and 117 • Manage indirect rates accurately and see the true cost of your projects • Use integrated budgeting and planning to eliminate tedious spreadsheets • Maximize your resources to get the most out of your funds and grants • Analyze key data from your desktop with Jet Reports • Leverage the financial power and efficiency of integrated web-based timesheets • Anticipate program overruns and make proactive adjustments • Gain enhanced independence between your organization’s accounting and management functions
  3. 3. Grow Ahead, We’ve Got your Back office. Since every nonprofit’s accounting and financial management needs are different, levelS oF ServICe NeoSystems offers three levels of service: Complete Managed Service offering A la Carte Service offerings Client organizations that choose a complete managed If your organization does not require a complete managed service offering receive three key benefits: a fully integrated service offering, A La Carte options are available to accounting system based on Microsoft Dynamics NAV address your needs. You can custom build the support and Serenic’s suite of applications, Jet Reporting and you need from an A La Carte menu of services designed Performance Tools, and on-site support from our highly to complement your organization’s core accounting trained and experienced personnel. Our Project Directors competencies. report directly to your management team, so your people These A La Carte services are available in two main areas: remain in control, affording your team to focus more time on the mission. This premium tier of service includes: • Electronic Time & Expense Collection and Reporting Used by over 500,000 employees of companies • One or more accountants proficient in not-for-profit worldwide, Deltek’s electronic Time & Expense accounting and the Serenic system, who work at your Collection interfaces with both Serenic Navigator site regularly, providing ongoing accounting and financial and the Deltek accounting software suite. It enables management support. employees to securely manage their timesheets and • Implementation and processes designed and built by expense reporting from any location with an internet NeoSystems’ staff that accurately captures the unique connection. NeoSystems can also build interfaces for needs of your organization. other ERP systems • A customized Serenic database initialized with your • Application Hosting accounting, donor, and grants data. The result is a tailored Using Serenic Navigator NeoSystems’ experienced IT system reflecting your programs, projects, and mission. staff provides user support for all hosted applications, including data back-up and disaster recovery. • Application hosting in our secure private cloud computing NeoSystems installs, maintains and supports all hosted environment. The network and data-handling processes applications in a professionally managed and secure are protected by state-of-the-art controls that are private cloud computing environment. monitored and evaluated under a Sarbanes-Oxley (SOX) SAS-70 Level II audit. Consulting Services • Regular financial and managerial reports produced at the end of each reporting period and delivered to your NeoSystems offers a wide range of consulting services desktop via Jet Reporting Services in a MS Excel format. to include software implementation, system reviews, governance reporting, reviews and tune-ups, ad-hoc • Regular meetings with your Board and/or management to accounting services, and technical IT support. discuss the financial results.
  4. 4. NeoSystems Corp. is a professional services firm that specializes in delivering accounting, financial management, and ancillary services to Nonprofit Organizations. Powered by Microsoft Dynamics NAV and Serenic Navigator – one of the most recognized names and scalable software solutions specifically for nonprofit organizations – Using our Managed Services Provider (MSP) offering, NeoSystems distributes the cost of the investment in hardware, software, maintenance, support, staff recruitment, training and fringe benefits over multiple user groups, resulting in a lower cost point to each client when compared to developing and maintaining a lesser degree of service in-house. NeoSystems affords you the capabilities of a larger organization, without paying the larger cost. 8000 Towers Crescent Dr., 4370 La Jolla Village Dr., 7027 Old Madison Pike, Suite 710 4th Floor Suite 108 Vienna, VA 22182 San Diego, CA 92122 Huntsville, AL 35806 Phone: 858-768-2180 Phone: 256-270-4360 Phone: 571-234-4940