These unprecedented challenges are forcing many non-profit leaders to take a close look at their day-to-day operations and find opportunities for increased efficiency.
Amid the COVID-19 pandemic, non-profit organizations across New England and around the nation are finding themselves stretched increasingly thin. These organizations are short-staffed; their operating budgets are unpredictable at best; and leaders and employees at every level are constantly being asked to do more and more with less and less.
These unprecedented challenges are forcing many non-profit leaders to take a close look at their day-to-day operations and find opportunities for increased efficiency (or, at least, increased predictability).
That’s where “Managed Services Providers” can come in.
In the simplest terms, Managed Services Providers, or MSPs, are outside partners. They’re external advisors that work with their clients on a wide range of back-office functions.
These back-office tasks may include financial responsibilities such as accounting, bookkeeping, financial reporting and compliance, as well as other professional services like IT system maintenance, cyber security monitoring and human resources.
As you can see, there are a lot of options when it comes to working with an MSP, but it’s important to remember that this is not a “one-size-fits-all” situation. Non-profit organizations that choose to work with an MSP have an opportunity to build a customized Scope of Work that fits their specific needs and budget.
Here are three core reasons many leaders in the non-profit industry are relying on Managed Services Providers to handle their back-office tasks.
With the constantly spinning cycle of applying for grant funding and soliciting donations, non-profit organizations have always had to navigate unpredictable budget situations. The effects of the pandemic have simply amplified this challenge.
Working with a Managed Services Provider, however, is nothing if not predictable. Non-profit organizations will have a defined, set-in-stone budget that won’t change over time, an advantage that allows them to create more accurate financial plans to advance their overarching missions.
When you partner with an MSP, you’re not hiring one individual person to handle one individual task. You’re hiring an entire team of seasoned professionals, each of whom has the non-profit experience and expertise your organization needs. Plus, since you’re not hiring these experts as full-time employees, you won’t need to worry about expenses like salaries and benefits, the headaches associated with turnover and training, or other areas that come with a new hire like finding office space.
Non-profit organizations work tirelessly, day in and day out, to maximize the value they bring to the communities they serve. By leaning on an MSP partner to handle their vitally important – but extremely time-consuming – back-office tasks, non-profit organizations’ internal employees can find the time to focus on what they do best.
As you’re reviewing your organization’s day-to-day roles, responsibilities and operations, we urge you to take a close look at each task on your list and ask yourself: Is this essential to our mission? If the answer is “no,” a partnership with a Managed Services provider could be right for you.
If you’d like to learn more about blumshapiro’s Managed Services offerings, please visit our website at www.blumshapiro.com.