Five TechnologyMyths That HoldNonprofits Back Table of Contents Introduction3 Myth 1:Cloud-Based Enterprise Management Systems Are Only forLarge Organizations3 Myth 2:Cloud-Based Technology Is Too Expensive and My OrganizationNeeds to Dedicate All Its Resources to Our Mission4 Myth 3:Cloud-Based Enterprise Management Systems AreComplicated, Too Big, and More Than We Need4 Myth 4:Migrating to Cloud Is Too Big a Project for a Nonprofit LikeMine. We Don’t Have the Staff Time, Resources, or Expertise toManage It5 Myth 5:Managing Cloud-Based Enterprise Resource PlanningTechnology Requires More Resources Than We Have5 A digital transformation to a cloud-based enterprisemanagement system is a big step forward for any organization.For nonprofits, it can be game-changing, increasingoperational efficiency and organizational resilience, improvingworkplace culture and employee engagement, and, mostimportantly, maximizing mission achievement. However, there are many common misconceptions about cloud-basedtechnology and enterprise systems for nonprofits. We look at five myths thatprevent mission-based organizations from adopting new technology andadapting to change—and the realities of what’s needed for efficiency, agility, andmission growth. Myth 1: Cloud-based enterprise management systems are only forlarge organizations. Reality: Among the 10,000+ Workday customers, 75% have fewerthan 3,500 employees. We’ve learned a lot about the challenges faced by many small and midsizeorganizations by working with them. Workday has been named a leader in theGartner® Magic Quadrant for Cloud Core Financial Management Suites forMidsize, Large and Global Enterprises. Workday has also been cited as a Leaderin the Gartner Cloud ERP for Service-Centric Enterprises. “We can answer critical businessquestions by connecting thedata. We help people enterprise-wide make better decisionsacross the board. And while many large organizations have chosen Workday, a good numberof our nonprofit customer community members have fewer than 1,000employees, including: •Urban Institute•Robert W. Woodruff Arts Center•The Geneva Foundation•The Ford Foundation•Mission to the World•The Huntington Library, ArtMuseum, and Botanical Gardens •Catalight•Best Friends Animal Society•Cystic Fibrosis Foundation•Wounded Warrior Project•JDRF International•Robert Wood JohnsonFoundation•The WNET Group•Whitehead Institute forBiomedical Research Chief Financial Officer,The WNET Group Many even have fewer than 500 employees, including: •Gladstone Institutes•Massachusetts Medical Society•Autism Plus Ltd.•ASU Enterprise Partners•The North American MissionBoard of the Southern BaptistConvention •RMI (Formerly Rocky MountainInstitute)•The Ewing Marion KauffmanFoundation•Graduate ManagementAdmission Council (GMAC) Myth 2: Cloud-based technology is too expensive, andmy organization needs to dedicate all its resources to our mission. Reality: An investment in cloud-based technology is an investment inthe mission. Doing more with less” is a well-known nonprofit mantra. Organizations work hard tobalance limited resources with the complex business of responsible stewardship toachieve the double bottom line of financial sustainability and mission impact.However, with inefficient paper-based or manual processes and siloed data in pointsolutions, nonprofits lack the ability to plan, analyze, and act quickly in a rapidlychanging and unpredictable world—putting the future of their mission achievementat risk. Cloud enterprise technology can provide the automation and visible insights thatcan tip the balance of limited human and financial resource allocation towardinnovation and greater impact for the communities nonprofits serve. Workday offerslow-risk, fixed-fee Workday Launch and Workday Launch Express packages thatensure on-time, on-budget implementation: •95% of customers go live within 4 to 6 months•Customers realize 42% faster time to value “There is a myth in nonprofit thatwe have to keep G&A low but ifyou invest in operations, youcreate a more efficientorganization, and that efficiencydrives to the mission. Betterprocesses allow for bettersystems, which allow for betterdata, which allows for betterconversations and better people. Workday is built to support growth and change, giving you long-term value fromyour investment and enabling you to continue to deliver on your mission—today,tomorrow, and beyond. Myth 3: Cloud-based enterprise management systems are toocomplicated, too big and more than we need. Reality: While they may seem less complex individually, pointsolutions for workforce and financial management are much morecomplicated—and often more expensive—to maintain than a unifiedplatform. Ankur Bhatt Vice President and ChiefInformation Officer, TheBrookings Institution Time-consuming manual labor is required to pull data between systems, makingpoint solutions inefficient and error-prone. And without one trusted source of datafor reporting, thes