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Showing posts from January, 2021

Fund Accounting Software and considerations to be made when choosing your next FAS.

To keep a track of your funds, transactions, and other expenses, fund administration software’s are of great advantage. The main aim of this software is to offer a company with liability and stewardship for all its accounting activities instead of simply concentrating on expanding profits. This software makes your business transparent and hence, more trustworthy. For example, a non-profit organisation using this system to have accountability and efficient spending of their funds. There is a self-balancing ledger designed in the system for any specific project, endowment, or donation.  There are other vital functions such as financial reporting that comes up with business reports, measures fundraising performance, and benefactor retention. Depending on your organisation, there are many various types of funds such as permanent fund, general fund, special revenue fund, capital project fund, debt services fund, and many more.  Below we have mentioned a few points you must consider before c

How venture capital deal flow can profit through a CRM?

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One thing that we are sure of is that modern marketing is increasingly seeking to automate everything to run successful companies that observe, analyse, and modify different aspects of data processing easily. The reason being today’s forward-looking businessperson knows that it is a task to correctly draw the right inferences and foresee results without a deal flow management software. Especially for venture capital firms.  If you think you can manually process data then it will only last for a certain period, as the number of start-ups increases you will have to execute a customer relationship management (CRM) system to fully automate these actions. Here in this article, we will discuss how mainstream CRM systems benefit venture capital firms and what must you consider when choosing one for yourself.  Components of a CRM system: - Workflow optimization: There are a reduced amount of unnecessary routine tasks, notifications (SMS, mails), and a simplification of data processing indicate