Fund Investment Tool (FIT) vs. Competitors
While there are many trusted names in endowment accounting, NPact’s Fund Investment Tool (FIT) is redefining what is possible by offering a modern, flexible, and deeply integrated approach to fund investment management.
Choosing the Right Solution for Non-Profit Investment Accounting
Managing endowments, donor-advised funds, and pooled investments is no small task for nonprofit finance teams. As organizations grow and fund structures become more complex, the need for a powerful, automated, and integrated solution becomes critical.
Why This Comparison Matters
Both competitors and FIT aim to simplify investment accounting, but they serve different needs. Competitors offer standalone platforms, while FIT, is a next-generation solution built to communicate directly with your existing accounting systems, eliminating silos, spreadsheets, and manual work.
What You Can Do with NPact’s Fund Investment Tool
Fund Investment Tool automates complex recurring calculations regarding endowment fees, spending policies, income allocation, and rebalancing, removing the need for spreadsheets and compiling information from disparate systems.
With FIT, you can:
- Automatically allocate investment income across funds.
- Rebalance fund portfolios with precision as often as needed.
- Simplify and standardize fund fee assessments.
- Calculate annual distributions based on your organization’s spending policies.
- Seamlessly integrate with Blackbaud Financial Edge NXT and Oracle NetSuite
What You’ll Gain with FIT
NPact FIT isn’t just about automation, it’s about transforming your finance operations. Here’s what you’ll experience:
- Improved Accuracy: Automated calculations reduce the risk of human error and ensure consistent, reliable results across all fund activities.
- Simplicity & Efficiency: Say goodbye to spreadsheets and manual reconciliations. FIT streamlines workflows and accelerates month-end closing processes.
- Enhanced Security: Protect sensitive financial data with security protocols and role-based access controls.
- Audit Trails: Maintain transparency and readiness for review with batch level details.
Deep Dive: Key Features of NPact FIT
Income Allocation
- Supports balances from multiple accounts.
- Allows income distributions based on Net Assets, Ending Balance, Average Daily Balance, or other Beginning Balances.
Administrative Fees
- Flexible fee schedule configuration.
- Supports multiple fee schedule assignments per fund.
- Supports Fee Families for grouped fund management.
- Fees can be based on any balance type and can include different sets of GL accounts per fee schedule.
Spending Policy Automation
- Handles complex calculations using rolling balances.
- Handles exceptions for newer fund requirements and for preserving corpus balances.
- Creates journal entries directly in Financial Edge NXT and Oracle NetSuite or export to Excel for importing to a Finance System.
Rebalancing
- Fund-level rebalancing based on percent-based or amount-based targets.
- Handles funds with assets in multiple pools.
Real Results from Real Nonprofits
Organizations using NPact FIT report:
- Up to 80% reduction in time spent on fund allocations.
- Significant improvements in reporting speed and accuracy.
- Greater transparency for donors, boards, and auditors.
- Peace of mind knowing that legacy spreadsheets are no longer a possible security or failure risk.
The Bottom Line
If your non-profit is managing complex fund structures and looking for a smarter, more integrated way to handle investment accounting, NPact’s Fund Investment Tool is the clear choice. While Fundriver offers a solid foundation, NPact FIT delivers the automation, flexibility, and integration today’s nonprofit finance teams need to scale with confidence.
Let us show you how NPact FIT can transform your fund accounting. Schedule a demo today!
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