Non-profits often face challenges in raising funds due to a lack of awareness or limited resources. They lack large donors with deep pockets or sophisticated marketing techniques to raise awareness.
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Access to credit is critical for many businesses and individuals, but it is not always readily available. Traditional banking institutions are often slow to provide loans to customers who lack collateral or credit history. Conversely, alternative lending services have made it easier to access loans.
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The lending space has been undergoing significant changes over the past few years, as the number of alternative lenders has dramatically increased. This rapid growth has resulted in increased inefficiencies in the lending process, making it increasingly challenging for lenders to ensure compliance and maximize efficiency. Read More
The growth of nonprofit organizations has increased as people seek ways to become better stewards of the environment, the economy, communities, and society. Nonprofits are now widely recognized as having a significant impact on our societies because they bring together disparate ideas and social movements to tackle problems facing humanity today.
Loan application processing can be a time-consuming process for lending organizations. It involves a series of steps, many of them involving repetitive, routine-based activities. These steps take time, and this is where outsourcing may help.
Non-profit organizations rely heavily on grants from foundations, corporations, government agencies, and other grantors to support their mission. The process of applying for these grants, reporting on them, and tracking their status has become complex and tedious. Read More
With remote work becoming the norm at companies across industries, account payable outsourcing is growing. The COVID-19 pandemic has altered how we conduct business. Companies are experiencing heavy strain on their account payable departments, thus, an increased need for account payable outsourcing. Read More
Bookkeeping outsourcing has been growing at a very high rate over the last decade or so. While most companies are looking into bookkeeping services, some non-profits also opt for these services.
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Back office data entry is vital in every industry, but the process can be time-consuming and tedious. Law firms often have many documents to be entered into a database, files that need to be organized and updated regularly. It can take just one missed deadline to jeopardize a case.
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Growing businesses need to establish good relationships with vendors and suppliers. Vendors may often use varying types of invoicing standards or procedures, creating difficulties for the in-house accounts payable department. Such inputs can create problems and lead to erroneous databases that can disrupt the entire workflow and often lead to delayed payments and lost accounts.
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