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FastFund Online

Score10 out of 10

5 Reviews and Ratings

What is FastFund Online?

FastFund Online from Araize is an SaaS system that integrates nonprofit, fund accounting, fund raising (CRM) and payroll in a single solution. The vendor says FastFund Online is designed to help nonprofits take control of their fiscal and development responsibilities in order to be more accountable to donors and funding sources, and be more prepared for audits.

FastFund Online covers the various management responsibilities that are essential to running a successful nonprofit, including grant proposals, fund raising, program management, payroll, fiscal reporting, donor acknowledgment and government compliance. According to the vendor, FastFund Online can improve non-profit efficiency by replacing the myriad systems that organizations typically use to manage all of these responsibilities.

FastFund Online integrates fiscal, payroll and development systems into one system. The vendor says this can help free up management resources by streamlining processes and sharing information across your entire organization. It aims to help users maintain back office accounting and development operations while properly managing grants, tracking programs and building stronger donor relationships. The system was designed by Certified Public Accountants.

Media

Screenshot of Accounting Transaction Entry
Screenshot of Fund Raising Gift Entry
Screenshot of Payroll Journal

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Screenshot of Accounting Transaction Entry

Top Performing Features

  • Role-based user permissions

    Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

    Category average: 8.8

  • Pay calculation

    Pay calculation provides for computation of employee pay with state and federal deductions.

    Category average: 8.5

  • Direct deposit files

    Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

    Category average: 8.3

Areas for Improvement

  • Accounts payable

    This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

    Category average: 8.7

  • Bank reconciliation

    The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

    Category average: 8.5

  • Expense management

    The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

    Category average: 8.5

A solid choice for non-profits that offers a lot of features for even a small organization

Pros

  • Cloud-based so all our employees have access to it from their various remote locations.
  • Fund-based accounting.
  • Ongoing training on updates and improvements and tech support responses are quick and useful.

Cons

  • Initial use of the new payroll features had several hiccups that had to be addressed.

Return on Investment

  • Our main users are in three different physical locations and Araize FastFund has allowed each user to easily have access to what they need.

Other Software Used

Zoom, Canva, Constant Contact

Usability