New York, Nov. 14, 2012 (GLOBE NEWSWIRE) -- MicroEdge, LLC, the leading provider of solutions to the giving community worldwide, announced today the immediate availability of FIMS 12.8, the latest update to the most widely used foundation information management system. This release represents the ongoing evolution of the FIMS platform, bringing clients a number of enhancements to help them work more efficiently, maintain more accurate data, fulfill government compliance requirements with ease, and gain greater insight into their giving with the addition of new reporting and tracking capabilities.
FIMS is a fully integrated, enterprise technology solution that allows community foundations, faith-based organizations and education and scholarship programs to perform grants management, financial management and donor relationship management with one centralized, comprehensive system. Nearly 85 percent of the total assets of the community foundation market are managed with FIMS, which enables foundations to dramatically reduce the time and effort involved in tracking and managing foundation information, managing pooled investments and preparing financial, donor and board reports. These time and efficiency savings are significant, adding up to six-figure savings every year.
MicroEdge has continued to focus on enhancing and optimizing the FIMS platform. FIMS 12.8 extends its users' capacity to move quickly through repetitive administrative tasks, and focus more of their time on strategic, mission-critical work. Improvements include the ability to quickly and easily import scholarship data from various scholarship application tools directly into FIMS, which saves foundations considerable time and improves data quality by eliminating the need for error-prone, manual data entry. FIMS 12.8 also makes it easier for foundations to comply with government requirements by enabling them to verify their award recipients' tax and national security information against the tax databases of the U.S. Internal Revenue Service and Canada Revenue Agency, as well as several international watchlists, all in real time with the click of a button.
The release delivers new reporting and tracking capabilities that increase the accuracy and efficiency of organizations' reporting processes. Clients can now report in more detail on the gifts received and grants made by an individual fund, giving them increased insight into the interests and intentions of their donors. FIMS 12.8 also provides improved payment tracking features that enable users to more consistently track payee information throughout FIMS, and more quickly and easily access the payment-related information they need right when they need it, leading to additional operational efficiencies. Moreover, these enhancements are accompanied by a number of additional improvements that were directly suggested and voted upon by current FIMS clients.
"FIMS is a critically important part of our community foundation clients' daily operations, and optimizing their use of the system is one of our top priorities," says MicroEdge CEO, Preston McKenzie. "FIMS 12.8 delivers solid advancements on this front. This latest release includes a number of enhancements that came directly from ongoing feedback we heard from our clients, and underlines our long-term commitment to supporting their evolving needs."
Availability and How to Learn More
FIMS 12.8 is available now. To learn more about FIMS, call MicroEdge at 800.899.0890 (option 1) or contact a local area MicroEdge representative directly. For a directory listing of local representatives, click here.
Established in 1985, MicroEdge, LLC is the leading provider of software and services to the giving community worldwide. MicroEdge solutions deliver a powerful, integrated, and open framework for efficient and effective charitable giving. The company is committed to providing the best technology toolset for foundations, corporations, government agencies, donors, advisors and financial institutions. Together, these tools help organizations to work with one another to raise, invest, manage and award charitable currency. MicroEdge is headquartered in New York City with regional offices throughout the U.S. and supports thousands of clients worldwide. MicroEdge is part of the Vista Equity Partners portfolio of software and technology-enabled companies. To learn more about Vista Equity Partners, visit www.vistaequitypartners.com. To learn more about MicroEdge, visit www.microedge.com.
800.899.0890 ext. 3966
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