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4 Nonprofits Face an Array of Reporting Challenges: • Stewardship and reporting by funds, grants, and donors • Compliance with federal regulations and donor restrictions • Board members and executives demanding greater transparency and reporting • Stakeholders and staff spread across multiple locations that require real-time access Nonprofits Need More Timely, Insightful Financial Reporting In an effort to deepen strategic impact from finance, there is a strong push to improve finance operation efficiency and effectiveness. Nonprofits seek process automation, deep and wide visibility, and the ability to easily adapt to changing conditions. As you can see, reporting cuts across all of these strategic priorities. Flexible reporting functionality is a top criterion for nonprofits wanting to replace an underperforming financial management solution. The right financial management and reporting solution can be a critical driver of efficiency and visibility; the wrong solution can be a critical roadblock to strategic improvement. Reporting Challenges