Solutions Journalism Network Empowered By Data

Solutions Journalism Network Scales Nonprofit Accounting to Accommodate Surging Grants

Solutions Journalism Network is an independent, nonprofit organisation that brings solution-focused reporting to newsrooms and journalism schools through on-the-job training and classroom curriculum. Founded in 2013 by world-renowned journalists from the New York Times, the organisation’s mission is to replace traditional reporting that focuses only on problems with solution-oriented journalism that ties problems to social responses across the globe.

COMPANY

Solutions Journalism Network

LOCATION

New York, N.Y.

INDUSTRY

Nonprofit, Media/Publishing

EMPLOYEES

25-50

NUMBER OF USERS

SYSTEMS REPLACED

QuickBooks and outside accounting firm

NETSUITE PRODUCTS IMPLEMENTED

ERP/Financials
Planning and Budgeting
CRM
SuiteSuccess for Nonprofits

IMPLEMENTATION PARTNER

NetSuite Professional Services

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“With NetSuite, we can share data across our organisation with an ease we’ve never experienced before. We now have the ability to act based on our financial data.” Maurisse Johnson, Chief Financial Officer, Solutions Journalism Network

Reinvigorating a Struggling Sector

Drastic funding spikes make waves: Solutions Journalism Network receives its funding primarily from grants from foundations, and donations from corporations and individuals. The organisation experienced a 40% increase in grant funding in just 24 months. And it wasn’t only total grant funding that grew: grant sizes and number of grants increased—requiring increased headcount.

Business maturity calls for robust workflows: Before the increase in funding, Solutions Journalism Network used a combination of desktop accounting software and an outside consulting firm to manage its books. The growth in grants (and the number of donors) put pressure on the business to provide frequent reporting and answer questions for funders.

Process review narrows financial requirements: Solutions Journalism Network selected NetSuite after a six-month process review. The choice was based on a combination of pre-built reports customised for nonprofits, the ease of closing out subledgers, straightforward allocation tracking and a pre-established trust in NetSuite based on years of experience.

Nonprofit accounting functions enable new opportunities: With NetSuite, staff can now close the books in less than an hour, thanks to the time savings associated with sub-ledger management and sophisticated allocation tracking. And, the flexible nature of the platform allows them to leverage financial data for interactive conversations with various stakeholders.

NetSuite supports nonprofits of all sizes in growing their mission through our Social Impact program.

Visit www.netsuite.com/socialimpact to learn more about our product donation, pro bono services and capacity building offerings.

Resources

**Data Sheet** The Solution for Your Global Business

**Article** How to Choose the Right Global ERP System for Your Business

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