In the not-for-profit sector, there’s a gap between the fundraising database and the accounting system, creating a challenge to report revenue from gifts received. Most fundraising departments are part of a larger organization which has financial systems not integrated with their Raiser's Edge databases, so they require manual entry with very complex manipulations, being the only means of reconciling transactions and posting the gifts to the financial system.
This dual entry into both fundraising and accounting systems yields errors.
PostOmatic is a solution designed to bridge the gap between The Raiser's Edge and external financial accounting systems so accurate information can be exported in a format for an external accounting system (such as Great Plains, Quickbooks and more).
By defining custom parameters with the PostOmatic solution, the exported data is easily integrated with external accounting software systems, resulting in more accurate financial reporting.
"PostOmatic for The Raiser's Edge is an affordable software solution for nonprofits looking to easily integrate their fundraising system with their accounting system," said Tim Burris, Development Manager at Omatic Software.
"This solution allows departments to use their accounting system of choice while minimizing the time and effort for data entry and reconciliation," he added.
PostOmatic offers various configurations for summarizing financial transactions. It provides flexible options to define the output format, such as summarizing and grouping gift revenue data for an organization's specific financial system.
PostOmatic also offers the ability to update gift records and data output such as adding attributes to gifts meeting certain criteria, or parsing or joining GL account numbers into or from multiple fields.
PostOmatic will save both time and money for not-for-profits by easily integrating their fundraising data with their accounting system. Its benefits include increased financial and accounting accuracy, time savings with data entry (eliminating multiple entry), and easier integration with external accounting systems.
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Edited by Braden Becker