- Using out-of-date technology and manual processes for Grant Management
- Limited visibility on timely expense tracking
WHO’S USING PROPHET ONE
NON-PROFIT SOLUTION FEATURES
Innovate Stewardship of Funds
Prophet One delivers an auditable and comprehensive fund accounting framework that allows your nonprofit to manage diverse revenue streams, correlate fund sources to associated expense transactions, and efficiently manage fund restrictions and grant requirements. The solution automates FASB compliance with a streamlined Chart of Accounts using predefined GL custom segments to create unparalleled visibility into cash flow, fund balances, restricted revenue, functional expenses, grant activity, and performance metrics.
Real-time Financial Management for Nonprofits
Gain efficiencies with a powerful nonprofit fiscal management system built to meet your nonprofit’s unique needs. Manage finance and accounting with comprehensive features, including GL, AR, AP, cash management, statistical accounting, allocation schedules, and real-time financial reporting consolidating all processes within one system.
Automated Grant Life Cycle
Prophet One’s grant accounting elevates efficiency and visibility into the grant lifecycle with the ability to track terms and conditions, track many projects to many grants, automate time and expense management for billable and nonbillable transactions, and manage expenses across multiple years. Grants maintain all relevant milestones so that vital information is in a single unified system.
Gain Complete Visibility into Spend
Ensure full accountability and stewardship of funds and gain complete control and visibility over total spending.
FASB Compliance with Ease
Create FASB reports on the fly. Easy and configurable compliance reporting for executive leadership, board members, external auditors, and accounting teams eliminate guesswork. Manual export and manipulation of data by your external consulting team is also no longer needed. This solution provides built-in FASB-defined reporting based on custom GL Segments and a template UCOA-approved Chart of Accounts mapped closely to Form 990 line items, all customizable by you.
Reporting Metrics that Matter
From FASB compliance reporting to role-based metrics and analytics, insight and decision-making, gain a complete picture of your nonprofit’s performance, on-demand and real-time.