Think Tank Thursday: Expand Capacity Through Shared Services

Description

Do you wish you could have fourth of a CIO, a tenth of a marketing professional, or a third of a CRM or Donor Management System? Shared services in the nonprofit sector refer to a model where multiple organizations collaborate to share resources—especially for administrative or back-office tasks like human resources, accounting, IT, marketing, and facilities management. The goal is to reduce duplication, lower overhead costs, and improve operational efficiency. 

Key advantages include: 

• Cost Savings: Reduced operational expenses through economies of scale. 
• Efficiency: Access to specialized expertise without having to fully staff internally. 
• Focus: Allowing nonprofits to concentrate resources and time on mission-focused activities.
• Collaboration: Increased opportunities for partnerships, learning, and innovation among nonprofits. 

In practice, this could mean multiple nonprofits sharing one accounting specialist, an HR consultant, or IT support, enabling each to benefit from professional expertise at a fraction of the cost they'd incur individually.

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