article thumbnail

15 Unexpected Costs of Cutting Your Nonprofit Board Portal Software

Board Effect

Nonprofits are currently experiencing a tough time, particularly with the economic downturn, which may have impacted donations and support, along with rising operational costs. The trends of declining fundraising and rising operating costs are expected to continue, according to the Cerini Associates report on nonprofit trends for 2023.

article thumbnail

A Guide to AI Ethics and Governance for Mission-Driven Organizations

Board Effect

For example, AI-driven analytics enable data-informed decision-making, while chatbots and virtual assistants streamline communications, and automation helps reduce administrative costs and burdens. What Is AI Governance and Why Does It Matter for Mission-Driven Organizations? AI technology is bound to advance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Towards Exceptional Community Healthcare: Best Practices for Board Governance 

Board Effect

Here, we explore best practices for community healthcare board governance that will make volunteer board members even more effective in their roles so that they can ensure healthcare services are as good as they can be. Technology and Governance The word “governance” stems from the Latin word gubernare , which means to steer or rule.

article thumbnail

10 Strategies To Cover New Product Development Costs

Startup Professionals Musings

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Apply for contests and business grants.

article thumbnail

Unlocking Success: Empowering Community Banks with Governance Management Software

Board Effect

While “data governance” may not be a term we hear that often, it has immense influence on how community banks and credit unions collect and utilize data to drive their operations. Data governance acts as a powerful steering mechanism, enabling transformative change within our institutions.

article thumbnail

Announcing our investment in DemandStar, a marketplace for government procurement  

Version One Ventures

The Seattle-based company provides an online marketplace for business-to-government commerce – it connects local and national suppliers with government procurement officers. . It should come as no surprise that government procurement is riddled with inefficiency. DemandStar opens up this market to a modern process.

article thumbnail

11 tips for reducing costs in small business

NZ Entrepreneur

With inflation reaching a 30-year high, small businesses across the country will be looking for ways to reduce costs amid cost of living and rising price pressures. With the increasing cost of living, 7-in-10 local SMEs have also noticed changes in consumer behaviour. 2) UNCOVER HIDDEN COSTS. 7) SEEK OUT AN EXPERT.

Cost 87