How to Select the ERP Software That’s Right for You

Nonprofits that make the right investments in technology can further their mission in an increasingly digitalized world, and the industry knows this: 60% of nonprofit organizations accelerated investments in technology in 2021. But understanding which technologies are worth the investment is challenging for nonprofits navigating a shifting landscape with limited resources. Organizations looking to maximize their return on investment (ROI) might consider prioritizing Enterprise Resource Planning (ERP) software.

ERP software integrates and streamlines disparate data and processes and centralizes information to help cut costs and increase efficiency. It helps reduce risk and manage challenges arising from fundraising, donor retention, governance and reporting — but that doesn’t mean ERP software is one-size-fits-all. Before a nonprofit embarks on the ERP selection process, it’s important that stakeholders understand best practices for selecting a fit-for-purpose ERP system.

An integral part of the selection process is understanding what the needs truly are. To do that, nonprofits should conduct an assessment of the current state of their existing processes and systems and begin to identify potential solutions from the market of potential vendors. Evaluating vendor capabilities and functionalities, matching them with identified needs and negotiating price are the final steps in the process to which nonprofits should devote time and resources.

For more details on best practices and how to select the ERP software that’s right for you, attend our March 30 webinar “Key Considerations & Success Factors in Nonprofit ERP System Selection.”