Would you like to receive $46,000 and 60% of your time back?
Bojan Pavlovic
Founder @ TAU Consulting | Product Owner | Monitoring, Evaluation, Accountability and Learning | AI | Workflow Automation | Digital Transformation
Time Savings through Automation
Nonprofits can experience a substantial increase in productivity and efficiency by automating workflows. On average, organizations that implement automation report a 60% increase in productivity and a 56% improvement in efficiency. This is further supported by the fact that 88% of low-code platform users can quickly adapt to business needs, suggesting that automation allows for more agile responses to changing circumstances. Specifically, workflow automation can save an organization an average of 18 hours per week, which can be redirected towards more strategic and mission-critical tasks. By automating repetitive tasks such as data entry, nonprofits can focus more on activities that drive their mission forward.
Financial Savings through Automation
In terms of financial savings, nonprofits can see a significant reduction in costs by adopting automation technologies. Cloud-based tech and low-code development platforms can lead to a 70% reduction in development costs, a 90% decrease in deployment time, and a 50% cut in maintenance costs. This is particularly relevant as 92% of nonprofits using cloud-based technology report cost savings. Additionally, automating manual processes can help reduce labor costs, allowing resources to be reallocated to more important tasks. For example, automating invoice processing and financial reporting can improve cash flow management and reduce errors, leading to further cost savings. The right automation platform can also significantly lower operational costs in areas such as labor, processing, and late payment fees.
Impact on Revenue and Donor Engagement
Automation can also have a positive impact on a nonprofit's revenue and donor engagement. Nonprofits using automation have seen a 29% increase in donors, a 28% increase in revenue, and a 15% boost in donor retention. By streamlining the donor acquisition process and providing insights into donor behavior, nonprofits can tailor their fundraising strategies more effectively.
Automated grant management systems can help track and manage applications and reporting requirements, reducing the administrative burden and ensuring compliance with funder guidelines.
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Broader Organizational Benefits
Beyond time and financial savings, automation offers a range of other benefits. It can improve data quality by up to 90%, reducing errors and enabling informed decision-making based on accurate data. Automation also increases employee satisfaction by freeing them from mundane tasks, and it can enhance customer satisfaction and compliance. Moreover, it can help prevent internal fraud by automating manual bookkeeping and accounting processes.
Conclusion
On average, a single nonprofit can save significant time and money by automating workflows. While the exact figures can vary depending on the size of the organization and the scope of the automated processes, the benefits are clear. Nonprofits can expect to save an average of $46,000 annually, along with substantial time savings that can be redirected towards fulfilling their mission. With the adoption of low-code platforms and cloud-based technologies, nonprofits can achieve more with less, ensuring that every dollar raised is maximized for return on investment
If you are the one who wants money and time back, don't hesitate to contact me and I'll help you achieve something your organisation have never achieved before.