A single, comprehensive, cloud-based application designed to manage your entire nonprofit organization.
At Folio3, we have been serving the industry for around 20 years. Our clients are our major referrals because of the quality service we provide. We have 50+ Chartered Certified Accountants and 10+ solution architects who understand non-profit organizations’ financial and technical problems. Whether you need to scale quickly or need a custom NetSuite solution to manage your operations, we’ve got you covered.
Nonprofit organizations often face challenges such as managing limited resources, tracking donations and grants, ensuring compliance with reporting requirements, and maintaining transparency with stakeholders. Additionally, juggling multiple software systems for financials, donor management, and program tracking can lead to inefficiencies, errors, and increased costs, diverting precious time and energy away from their mission.
NetSuite helps nonprofits solve these challenges by bringing everything into one system. It removes the need for using separate tools, making things easier and more efficient. With real-time financial reports, nonprofits can stay on top of their budgets and meet reporting requirements. Automated features save time, reduce mistakes, and help track donations and grants properly. NetSuite also makes it easier to build stronger relationships with donors and ensure funds are used the right way.
Simplify nonprofit accounting and financial reporting with real-time insights and automation.
Track revenue and manage fund restrictions with FASB-compliant reports.
Automate grant tracking and manage expenses across multiple years.
Easily generate FASB-compliant reports with custom templates.
Customize GL segments for detailed fund tracking and reporting.
Monitor performance with role-based dashboards and key metrics.
Track program performance with customizable metrics and scorecards.
Control procurement and manage costs across funds and programs.
Manage donor relationships and integrate fundraising with financial data.
Scale globally with multi-currency and multi-language financial consolidation.
Nonprofit organizations often struggle with managing donations, finances, projects and resources. NetSuite modules are extra features that can be added to the NetSuite ERP system to help with these tasks. Folio3 helps nonprofits by integrating their existing systems with the following modules, making it easier to manage finances, track donors and improve operations.
Gain real-time insights into your nonprofit’s financial and operational performance with a reliable financial management system. Automate transaction processes to improve efficiency and ensure compliance with industry regulations. Establish strong controls and maintain clear audit trails to reduce risks, enhance transparency, and maximize your organization’s impact.
Break down organizational silos and gain a 360-degree view of all your key stakeholders, donors, volunteers, supporters, and clients, all within a unified platform. With a centralized system, your organization can enhance engagement, personalize interactions, and make data-driven decisions to strengthen relationships and increase donations.
NetSuite provides comprehensive project management tools personalized for nonprofits, including job costing, resource allocation, and progress tracking. These features help organizations efficiently manage projects, ensuring that resources are used effectively, budgets are kept under control, and timelines are met. By having full visibility into project performance, nonprofits can make informed decisions, improve collaboration, and ensure the successful delivery of projects that align with their mission.
Manage the entire grant process seamlessly, from research and application to award tracking and reporting. NetSuite helps automate financial tracking, keep records organized, and ensure compliance. With built-in CRM tools, nonprofits can improve communication with funders, stay transparent, and focus more on their mission instead of paperwork.
NetSuite helps manage donor and partner relationships by tracking all interactions and maintaining a clear history of communications. It also automates key processes, such as contract renewals, reducing administrative workload. In addition, NetSuite facilitates incentive compensation plans, ensuring that all stakeholders are rewarded fairly for their contributions.
Consolidate data from multiple sources with NetSuite’s Business Intelligence module to gain real-time insights into your nonprofit’s financial and operational performance. Leverage AI to make informed, data-driven decisions that help you manage resources more efficiently. Use these insights to track donations, measure program impact, and optimize strategies.
NetSuite’s GAAP and FASB-compliant fund accounting framework provides nonprofits with real-time financial transparency and accountability. Track and manage diverse revenue streams, correlate expenses with funding sources, and automate compliance with built-in reporting tools. Generate essential financial statements such as the Statement of Functional Expenses, Statement of Activity, and Cash Flow reports on demand. With over 250 standard and customizable reports, NetSuite ensures complete visibility into fund balances, grant contributions, and overall financial health.
If your nonprofit organization needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your nonprofit organization can have a comprehensive, personalized, and industry-specific solution for all its needs and pain points.
We offer post-deployment NetSuite managed services, including module implementations, workflow customizations, and bug fixes. Our specialized team provides personalized NetSuite support for any industry.
Connect your NetSuite with any platform of your choice and boost customer retention with an integrated CRM for managing contracts, subscriptions, and renewals. For communication, use mailing system integrations to streamline and manage interactions effectively.
We offer an accelerated NetSuite ERP implementation process with functional support from certified Chartered Accountants. In most cases, we achieved go-live in less than 70 days. However, the typical timeline is around 3 months. Complex integrations take around 6 to 8 months.
NetSuite ERP pricing includes an annual license fee. The implementation cost varies depending on the project’s complexity. If you’re interested in getting a quote specifically for your business needs, please contact our consultants.
NetSuite nonprofit product features include: Financial Management, Fund Accounting, Grant Accounting, Automated FASB Reporting, Flexible Financial Segmentation, KPIs, Roles and Dashboards, Program Efficiency Tracking, Spend Management, Constituent Relationship Management, and Global Cloud.
Non-profits face distinct challenges, often balancing tight budgets while striving to maximize their outreach and impact. Traditional accounting software frequently fails to meet these particular needs. NetSuite bridges this gap by providing pre-built accounting solutions that address the financial and operational requirements of nonprofits, ensuring compliance and transparency essential for maintaining donor trust and securing funding.Â
We offer an accelerated NetSuite ERP implementation process with functional support from certified Chartered Accountants. In most cases, we achieved go-live in less than 70 days. However, the typical timeline is around 3 months.Â
Folio3 provides expert help with setting up, customizing, and integrating NetSuite for nonprofits. Our team works closely with you to make sure NetSuite fits your organization’s needs.
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