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Need-to-Know Nonprofit Trends for 2025

AvidXchange

A UConn Business study recently found that online giving has grown 42% since 2019 and mobile giving via smartphones accounted for 28% of donations in 2021. Eighty-four percent said they have an SSL certificate installed on their website (up 14 points since 2019).

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Prevent Fraud- false billing

CAAPS

Based on a Report from the ACCC False billing topped the list of reported frauds affecting business in 2019. This can even allow the hacker to reset passwords in key software to facilitate payments, which then happen without the company’s knowledge. Or it can involve sending an invoice from a ‘new’ supplier.

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A Beginner’s Guide to APIs for Finance Pros 

AvidXchange

Because the more API integrations AP software providers can successfully achieve, the more connectivity and data sharing their software can execute faster with other financial software, applications and networks. Valued at $194 billion in 2019, the market is projected to rise to $933 billion by 2027.

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ScaleFactor Fails to Scale, Blames COVID-19

Cloud Accounting Podcast

Back in August, when they raised their Series C, which was $60 million, Forbes described ScaleFactor as this: "ScaleFactor makes online financial software that enables small-, and medium-sized businesses to automate back-office tasks, including bookkeeping and payroll." It looks like, in 2019, GE paid KPMG $79 million in fees.