Donor management software helps to centralize a nonprofit organization’s contacts and donor payments and can also proffer tools for targeted email marketing. It helps nonprofits analyze and categorize contacts so that they can send out targeted marketing material that boosts the significance of the outreach effort for recipients.
Donor management software can be a standalone system or can be packaged in an overall bigger donor constituent relations management (CRM) suite. A few best of breed donor management programs concentrate on specific functionality like donor databasing and donor profiling. Donor management CRM platforms offer these tools along with fund accounting, grant management, fundraising and other solutions to offer a one-stop software application for a nonprofit’s requirements.
Donor management programs aid nonprofits to carry out their objectives. Before investing in a donor management solution, you should study your existing overall strategy. Make a list of the functionality your non-profit requires and define and standardize your procedures before selecting a suitable solution that fits your needs.
The first and most important thing is to make sure the software is appropriate for your firm’s requirements. Do not worry about the delivery method and pricing model and focus on getting the appropriate software. Second, you should invest some time to do proper groundwork on the background of the provider and the functionality of the product. Otherwise, you may end up paying a high price if the software proves to be a bad fit.
Another important point is you should always read the contract and understand the terms and conditions. SaaS contracts are known for clever phrasing, so be sure you know what you are getting into. Do not get suckered into an evergreen contract. Be certain about the renewal terms as well as the notice time required to cancel the renewal.
You will be surprised to learn the gains you can obtain by negotiating intelligently. SaaS software is a competitive market and vendors will be willing to offer you a price concession to earn your business and continue it. Make use of this opportunity to save some money. Realize that the teaser rate is presented only for a short period. Learn about the total fee you need to shell out after the initial discount ends. Also, calculate the long-term fee to know what you are getting into.