FastFund Reviews & Pricing

by Araize, Inc. | Founded 1984, Chapel Hill, NC

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Overview Pricing Benefits Reviews Features

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What is FastFund?

Industry Specialties: Religious, Nonprofit.

FastFund is a comprehensive software solution designed to streamline nonprofit accounting, fundraising, and payroll management. It is particularly well-suited for nonprofit organizations seeking to enhance their financial management processes. The software offers a range of powerful features, including fund accounting, grant management, and donor tracking, which are essential for maintaining transparency and accountability in nonprofit operations. Users appreciate its user-friendly interface and robust reporting capabilities, which facilitate informed decision-making. FastFund stands out for its ability to integrate various financial tasks into a single platform, reducing the need for multiple software solutions. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote. This ensures that organizations can find a plan that aligns with their specific needs and budget. Overall, FastFund is a versatile and efficient tool for nonprofits aiming to optimize their financial management.

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FastFund Pricing

Based on our most recent analysis, FastFund pricing starts at $45 (Monthly).

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Starting From: $45
Pricing Model: Monthly
Free Trial: Yes, Request for Free

Training Resources

FastFund is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for FastFund:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

FastFund Benefits and Insights

Why use FastFund?

Key differentiators & advantages of FastFund

Streamlined Financial Management: FastFund simplifies complex accounting tasks, allowing nonprofits to focus on their mission rather than financial paperwork.
Enhanced Accuracy: By automating data entry and calculations, FastFund reduces human error, ensuring precise financial records.
Time Efficiency: With automated processes, staff can save hours on routine tasks, freeing up time for strategic initiatives.
Comprehensive Reporting: Generate detailed financial reports with ease, providing stakeholders with clear insights into the organization's financial health.
Improved Compliance: FastFund helps ensure adherence to nonprofit accounting standards and regulations, reducing the risk of non-compliance penalties.
Cost Savings: By reducing the need for manual labor and minimizing errors, FastFund can lead to significant cost reductions over time.
Scalability: As your nonprofit grows, FastFund can easily adapt to increased financial complexity without requiring a complete system overhaul.
Donor Confidence: Accurate and transparent financial management builds trust with donors, potentially increasing funding opportunities.
Customizable Solutions: Tailor the software to meet the specific needs of your organization, ensuring it aligns perfectly with your operational goals.
Data Security: FastFund employs robust security measures to protect sensitive financial information from unauthorized access.
Integration Capabilities: Seamlessly connect with other software systems, such as CRM or fundraising platforms, for a unified approach to nonprofit management.
Real-Time Access: Access up-to-date financial information anytime, anywhere, facilitating informed decision-making on the go.
Training and Support: Benefit from comprehensive training resources and responsive customer support to maximize the software's potential.
Audit Preparedness: FastFund's organized and detailed records simplify the audit process, making it less stressful and time-consuming.
Resource Allocation: Gain insights into financial data that help optimize resource distribution, ensuring funds are used effectively.

Industry Expertise

FastFund is a software solution designed specifically for nonprofits that need to meet compliance requirements set by government regulations. It's particularly useful for organizations that want to increase transparency for donors and contributors by managing internal and external auditing processes. FastFund is best suited for nonprofits with some degree of accounting experience and those who need a more robust system than generic accounting programs like QuickBooks can provide.

Synopsis of User Ratings and Reviews

Based on an aggregate of FastFund reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Ease of Use: User reviews consistently highlight FastFund's user-friendly design and intuitive interface, making it easy for nonprofit professionals, even those without extensive accounting experience, to navigate and utilize its features effectively.
Tailored for Nonprofits: FastFund is purpose-built for the nonprofit sector, offering specialized features like fund accounting, grant management, and donor tracking, directly addressing the unique financial management needs of nonprofit organizations.
Robust Reporting: The software provides strong reporting capabilities, enabling users to generate a variety of financial reports, including FASB-compliant statements, which are crucial for demonstrating transparency and accountability to stakeholders.
Modular Structure: FastFund's modular design allows nonprofits to select and implement specific modules based on their requirements, such as accounting, fundraising, or payroll, providing flexibility and scalability.

Cons

Report Generators: User reviews indicate that the report generation functionality could be more intuitive and user-friendly.
Limited Spouse Search: The software lacks robust search capabilities for identifying and managing donor couples, making it difficult to retrieve comprehensive information on joint contributions.
Steep Learning Curve: Users unfamiliar with fund accounting principles may find it challenging to adapt to the software's features and functionalities.

Researcher's Summary:

Is FastFund a fundraising fast track for nonprofits, or does it leave them feeling like they're running a financial marathon? User reviews from the past year suggest FastFund is a powerful tool for nonprofits, particularly those familiar with fund accounting. Users rave about its robust grant management and ability to track restricted funds, features not always found in generic accounting software. For instance, one user, previously bogged down by manual double entries with their old software, praised FastFund for simplifying the tracking of restricted funds. This specialized functionality makes FastFund a cut above basic accounting software for nonprofits juggling multiple funding sources.

However, some users found the learning curve to be a bit steep, especially those without a strong accounting background. While the software is generally lauded for its user-friendliness, certain aspects, like report generation, have been flagged as less intuitive. Despite this, FastFund's exceptional customer service seems to be a saving grace, with users consistently praising the prompt and helpful support. Overall, FastFund appears best suited for small to medium-sized nonprofits with some accounting experience, seeking a dedicated solution for managing their funds effectively. Larger organizations or those completely new to fund accounting might find the software's learning curve and specific functionalities a hurdle.

Key Features

Notable FastFund features include:

Fund Accounting: Specifically designed to handle the unique accounting needs of nonprofits, allowing for detailed tracking of funds and grants.
Budget Management: Offers tools for creating, managing, and comparing budgets across different fiscal years and projects.
Grant Tracking: Facilitates the management of grant applications, awards, and reporting requirements, ensuring compliance and efficient fund utilization.
Donation Management: Streamlines the process of recording and acknowledging donations, with options for tracking donor history and generating receipts.
Financial Reporting: Provides customizable reports that meet the specific reporting standards required by nonprofit organizations, such as FASB and GAAP.
Accounts Payable and Receivable: Manages vendor payments and customer invoices, with features for tracking outstanding balances and payment histories.
Payroll Integration: Integrates with payroll systems to ensure accurate and timely payment of staff, including tax calculations and benefit deductions.
Cloud-Based Access: Offers secure, remote access to financial data, enabling collaboration and data entry from multiple locations.
Audit Trail: Maintains a detailed log of all financial transactions, providing transparency and accountability for audits and reviews.
Multi-User Support: Allows multiple users to access the system simultaneously, with customizable permissions to control access to sensitive information.
Customizable Chart of Accounts: Enables organizations to tailor their chart of accounts to reflect their specific financial structure and reporting needs.
Integration with CRM Systems: Seamlessly connects with customer relationship management systems to enhance donor engagement and relationship management.
Automated Bank Reconciliation: Simplifies the reconciliation process by automatically matching bank transactions with recorded entries.
Fixed Asset Management: Tracks the acquisition, depreciation, and disposal of fixed assets, ensuring accurate financial reporting and asset management.
Secure Data Encryption: Protects sensitive financial information with advanced encryption technologies, safeguarding against unauthorized access.