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Solver Unveils Advanced xFP&A Solutions for Nonprofits

In a groundbreaking move, Solver, a leading provider of cloud-based extended financial planning and analysis (xFP&A) software, announced the launch of its comprehensive nonprofit industry solutions on March 31, 2025. These innovative models are tailored specifically to tackle the unique financial challenges faced by nonprofit organizations, which encompass charitable, educational, civic, and social entities.

Enhancing Nonprofit Efficiency

Solver’s new solution aims to streamline various aspects of financial management such as planning, reporting, and data analysis. By seamlessly integrating with various data sources, including popular ERP systems like Acumatica and Sage, nonprofits can centralize their data, thereby enabling quicker and more informed decision-making. Knowing that nonprofits often operate under tight budgets and accountability pressures, the importance of reliable data cannot be overstated.

Loretta Keyes, a director at RSM US LLP, emphasized the significance of Solver's solution, stating, "This tool enables nonprofit organizations to become data-driven, defining and measuring their success effectively." RSM's established rapport in the nonprofit sector aligns perfectly with Solver’s goals and capabilities, further enhancing the impact of their collaboration.

Key Features of Solver’s Nonprofit Solutions

1. Planning and Forecasting

Solver's planning module is designed to create detailed budgeting and forecasting models that account for various funding sources, like grants and donations. Organizations can develop comprehensive Cost Allocation models that facilitate better resource distribution across different programs and services.

2. Reporting

The new reporting feature boasts a user-friendly interface, akin to a spreadsheet, which allows staff at all levels to access and drill down into reports seamlessly. Key financial statements—including cash flow and statement of activities—can be generated with ease, providing stakeholders with immediate insights into organizational performance.

3. KPI and Benchmarking

A standout feature is the capability to create custom dashboards integrated with Power BI and Tableau. Users can develop unlimited KPIs, enabling them to benchmark their performance against industry standards or their past successes. This level of analysis fosters an environment of continual improvement, allowing organizations to refine their operations and better serve their communities.

4. Data Warehouse

Solver's Data Warehouse combines information from various on-premise and cloud sources, simplifying access to crucial data without the hassle of logging into multiple systems. This ensures nonprofits can effectively monitor their program delivery and make necessary adjustments to enhance their mission impact.

The Value of xFP&A for Nonprofits

Michael Buehner, Vice President of the Nonprofit Industry at Solver, points out that selecting the right xFP&A solution is a crucial decision for nonprofits. It not only promotes financial transparency but also aids in resource optimization—both vital for sustaining their mission-driven work. "A well-implemented xFP&A solution should empower leaders with real-time insights," Buehner remarked.

This emphasis on real-time data management reflects a broader trend in the nonprofit sector toward adopting more robust and effective financial solutions. As organizations face increasing pressures for accountability and efficiency, tools like those provided by Solver will become indispensable.

Conclusion

With the introduction of these tailored xFP&A solutions, Solver is poised to make a significant impact on nonprofit financial management. By enabling organizations to harness their data more effectively, Solver is not merely providing software; they are offering a pathway to enhanced operational performance and greater mission alignment.

For those in the nonprofit sector looking to transform their financial planning and analysis capabilities, Solver represents a game-changing advancement. Visit Solver to learn more about their innovative solutions and how they can help your organization thrive.