Microsoft Dynamics for Nonprofits: Comparing SylogistMission ERP with D365 Business Central
When nonprofits and NGOs consider transitioning to a modern ERP solution, Microsoft Dynamics 365 Business Central emerges as a top contender. But what lies beyond the out-of-the-box solution? SylogistMission ERP, the nonprofit sector’s preferred alternative.
Expanded Chart of Accounts: SylogistMission ERP expands the chart of accounts to incorporate commitments, encumbrances, and actuals. This functionality enables you to have laser focus on cash flows, precisely manage inflows and outflows across projects, funds, and awards to ensure financial stability.
Fund Accounting: Fund accounting in SylogistMission enables you to monitor the impact of transactions on your general ledger. Each transaction is linked to funds, facilitating categorization and analysis based on fund types and classes. This comprehensive approach offers insights into both financial and non-financial aspects associated with each fund.
Net Asset Roll Forward: SylogistMission caters to the unique accounting requirements and financial statement presentations of nonprofits. It facilitates seamless management of net asset roll forward, ensuring compliance with fundraising and endowment regulations. You can track net assets by fund and dimensions, fostering transparency with donors and funders.
Batch Allocations: With batch allocations, SylogistMission automates intricate calculations essential for month-end and year-end close processes. You can efficiently allocate administrative costs, fringe benefits, and manage endowments, guaranteeing accurate financial reporting and analysis.
Robust Workflow and Approval Rules: SylogistMission boasts robust workflow capabilities, facilitating transaction coding and document-level approval rules. Customizable based on user roles, these rules ensure proper review and authorization of financial activities. Accessibility across devices and email notifications enhance flexibility and efficiency.
Superior Requisitions and Purchase Orders: SylogistMission enhances requisition and purchase order functionalities, enabling seamless payment requests and invoice management. Requisitions, posted as commitments, aid in cash flow analysis and forecasting, empowering nonprofits to manage finances effectively.
Comprehensive Award Management: Grant-dependent nonprofits benefit from SylogistMission ERP’s comprehensive award management features. From proposal tracking to financial reporting, organizations can efficiently manage awards across multiple companies and currencies, ensuring clear visibility and control.
Deposit and Loan Management: Integrated deposit and loan management functionalities empower nonprofits to efficiently track individual deposit accounts, automate withdrawals, and manage loans with flexible interest rates and payment schedules.
Payroll Processing SylogistMission ERP offers a unified payroll system to effortlessly manage employee compensation. With flexible payroll controls, complex rules can be recreated with ease and the seamless integration with Payables automates invoice generation for taxes, garnishments, and benefits. If you currently outsource your payroll, there’s a significant opportunity to save money, which can then be reinvested into furthering your mission.
Streamlined Nonprofit Reporting with Power BI: SylogistMission seamlessly integrates with Power BI, enabling nonprofits to craft powerful, real-time reports tailored to their specific needs. Data models encompass dimensions, funds, and transaction types, facilitating high-quality reporting and analysis.
