Time is the scarcest resource of today’s nonprofit finance leaders. As a nonprofit finance leader, you need to find ways to get away from day-to-day accounting tasks and create time for strategic executive priorities. Recent surveys show that on average, finance leaders set a goal of spending 50% of their time working on strategy. Instead, 75% of their days are consumed by routine accounting work and protecting the organization against risks. Lacking time to focus on the big picture, 34% of executives make important decisions either reactively (9%) or after putting it off (25%) until the decision can wait no longer.
