When Hispanics in Philanthropy (HIP) decided to accept donations from Mexico for their online donation/crowdfunding platform directly to the Mexico nonprofit (HIP-LatinoAmerica A.C.), the changes brought about some requirements, thereby shifting their needs. Under Mexican law, donations must be deposited on a daily basis, rather than the weekly or monthly basis that’s allowed in the United States.
In Mexico, the requirement to record daily deposits from multiple payment processors, such as PayPal and other entities, dramatically increased HIP’s finance staff workload for recording transactions in their financial software – and tracking that activity to specific projects/campaigns from their crowdfunding platform. Because funds raised on the platform are redistributed to the projects that raised the funds, HIP needed a faster and easier way to ensure donations were recorded quickly and accurately.
Because the Fourlane tool imports and reconciles transactions from their payment processors and crowdfunding platform, HIP saved an incredible amount of time. With the click of a button, data is imported into QuickBooks Enterprise for entry and deposit.
“The Fourlane team was knowledgeable, understood our financial needs and communicated the technical side very clearly. I’m so grateful we found Fourlane to build our custom tools and be true thought partners through the whole process. We are so happy to work with Fourlane, and I would absolutely recommend them and use them again if a future build is needed.” – Catt Olazabal, Hispanics in Philanthropy
About Hispanics In Philanthropy
Hispanics in Philanthropy (HIP) has been a nonprofit for more than 35 years, working to strengthen Latinx leadership, equity and voice through philanthropic resources. HIP’s digital platform of innovative tools helps Latinx nonprofits get the funds they need and develop leadership, so that they can handle the most pressing needs in their communities. By partnering with a transnational network of foundations, HIP helps others make influential investments in Latinx communities and throughout the world.
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Hispanics in Philanthropy
Hispanics in Philanthropy (HIP) has been a nonprofit for more than 35 years, working to strengthen Latinx leadership, equity and voice through philanthropic resources.
Software / Solution
QuickBooks Desktop Enterprise