Reducing the Margin of Error on Managing Data for Non-Profits

GURUS Cloud Connect

Growing non-profit organizations face a great dilemma - with more and more donations coming in, how can they collect donations and manage loans and taxes across multiple states, while reducing the margin of error when processing this data?

San Jose based non-profit organization, Opportunity Fund, provides reasonable loans to underserved entrepreneurs and small business owners across the U.S. so that they can succeed without taking on high-interest rates that threaten to bankrupt them.

In this short clip from GURUS Cloud Connect “How Technology is Revolutionizing the Non-Profit Industry” episode, tune in to hear Nicole Letellier, VP of Accounting & Controller at Opportunity Fund, talk about how new technologies like Cloud ERP, helps their non-profit business streamline some of the manual processes related to processing donations, and reduce the margin of error.

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Video Transcript

John: You're looking for a means of accelerating the process or a way of having a larger view?

Nicole Letellier: We need to have fast processes because we have a lot of transactions. They need to be accurate. We cannot go one by one when all these people pay their loans every month. We have to have a system in place that has all the controls and we know the information that's coming in is correct and that no one is touching it. 

I've learned that when human beings are touching data, that's where you introduce errors. So we need a system that flows by itself but we need to trust it. We need to have the controls in place to do that and technology is what we needed.