Once installed, the system has a chart of accounts mask that lets you easily set up funds, programs and grants, and break out funds into unrestricted, temporarily restricted and restricted categories, and can automatically create the due-to/due-from entries to transfer funds from one category to another.
Traverse NFP also provides a small, but useful, selection of NFP reports, can handle complex allocations, and can produce FASB 117-compliant and cross-fiscal-year reports.
Open Systems does not provide donor management software, but Traverse NFP has very good import capabilities and can import from Raiser's Edge, Donor Perfect, Paradigm Fundraising and a number of POS applications, and can directly interface with the Microsoft Office Suite applications.
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A new version, Traverse 11, is in the works and should be available shortly after this review is published. It has pretty much the same feature set, but a slightly different look. The biggest feature of the upcoming version is that it runs on .Net and SQL framework, which should improve performance, especially with high transaction loads. That's an important plus when Traverse NFP is installed in a larger nonprofit.
Ted Needleman is senior director of the Technical Services Division of Industry Analysts Inc., an independent market research firm and testing laboratory. He was previously the editor-in-chief of Accounting Technology, and writes frequently on software, hardware, and technology-related subjects.
Vendor Information
AccuFund Suite
AccuFund Inc.
400 Hillside Ave.
Needham, Mass. 02494
(781) 433-0233
www.accufund.com
Pricing: Single user - starts at $3,000. Hosted - starts at $389 per month.
CMS Professional Fund
Cougar Mountain Software
7180 Potomac Dr.
Boise, Idaho 83704
(800) 388-3038
www.cougarmtn.com
Pricing: Starts at $5,000.
The Financial Edge
Blackbaud Inc.
2000 Daniel Island Dr.
Charleston, S.C. 29492
(800) 443-9441
www.blackbaud.com
Pricing: Modules - start at $2,000.
QuickBooks Premier
Nonprofit Edition
Intuit Inc.
2632 Marine Way
Mountain View, Calif. 94043
(877) 683-3280
www.quickbooks.com
Pricing: Single user - $399.95; three users - $1,099.95.
Sage MIP Fund Accounting
Sage Software
Nonprofit Solutions
12301 Research Blvd., Bldg. IV, Ste. 350
Austin, Texas 78759
(800) 811-0961
www.sagenonprofit.com
Pricing: Varies based on number of users; starts at $3,000.
Serenic Navigator
Serenic Corp.
7175 W. Jefferson Ave., Ste. 2500
Lakewood, Colo. 80235
(877) 737-3642
www.serenic.com
Pricing: Modules - start at $3,000.
Traverse Not-For-Profit
Open Systems Inc.
4301 Dean Lakes Blvd.
Shakopee, Minn. 55379
(800) 328-2276
www.osas.com
Pricing: Single-user modules - start at $1,650.
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