In this blog post, we examine how Recurring Billing can benefit Non-profits specifically, and how Tally’s QuickBooks and Salesforce integration can help with this process.
Recurring Billing offers several benefits to Non-Profit organizations, including:
Predictable Donation Revenues- Recurring billing allows NRP organizations to receive their monthly donation payments, on-time and on-schedule. This ensures their revenue stream is predictable, enabling them to plan their operations and services more effectively.
Improved Donor Retention – Recurring billing can help Non-profit organizations retain donors, by providing an easy and convenient way for donors to make regular donations.
Reduced Administrative Burden – Recurring Billing automates the donation process; reducing the administrative burden on NFP’s, allowing them to focus on what’s most important: their mission.
Cost Savings – Recurring Billing reduces the cost of processing donations, as it eliminates the need for manual invoicing and payment processing. This saves time in an employees day-to-day, reiterating the point we’ve made in bullet point #3!
Tally’s QuickBooks and Salesforce integration offers a recurring billing feature that allows NFP’s to manage their donations and billing process more efficiently. Here’s how Tally’s integration can help NFP’s with their recurring billing needs:
Automatic Payment Processing – Tally’s integration automates the process of receiving payments, ensuring that donations are collected on a regular basis without requiring manual intervention.
Customizable Billing Schedules – Nonprofit organizations can set up custom billing schedules that aligns with their donation campaign, fundraising initiatives, as well as the donor obligations which were originally agreed upon.
Integration with QuickBooks – Tally’s integration with QuickBooks ensures that ALL transactions are accurately recorded, reducing the risk of errors and providing full financial transparency.
Integration with Salesforce – Tally’s integration with Salesforce allows Non-profit organizations to manage donor information, and billing information, in a single place. This streamlines operations, and unifies your source of truth, maximizing efficiency and ROI.
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