What Nonprofits Should Look for in a SaaS Provider
It’s important for nonprofits to understand how vendors are investing their money. For example, how much have they invested in their technology architecture? In securing your data in a world-class facility? Knowing where their money goes helps nonprofits understand the vendor’s priorities.
In addition, organizations should work to understand the vendor’s intrinsic value within the nonprofit sector. For example, a provider with 10,000 nonprofit accounts that has helped its client base raise hundreds of millions of dollars is far more integral to the nonprofit sector than a vendor with 1,000 nonprofit accounts who has helped raise $5 million, for example. Also, are major national nonprofit organizations among its client base, thereby demonstrating that financial health requirements have been met? Key vendors in the SaaS market are far too integral to their clients’ businesses to disappear.