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Functionality
With what systems can FUNDRIVER interface?
Can we develop our own reports?
Can the interface be customized?
Can the system support multiple spending rules and assign rules to
each endowment?
What if we have a spending rule that does not quite fit into the
current list of choices?
What formats are available for exporting reports?
Can we change spending rules and keep running reports until we post
the distributions?
Can the system track permanently restricted, temporarily restricted,
and unrestricted assets?
How does FUNDRIVER handle the addition of units when new money is
added?
We do not always invest gifts as they are received. We only transfer
net funds when they are needed. Can FUNDRIVER track this?
Describe the flow of how postings work.
Does FUNDRIVER create an audit trail when funds are
merged?
How many levels can we get into the reporting structure?
Can fields be changed on the setup menu if needed?
How many funds can the system handle?
Can the system import data from our donor management system/development
system/ GL?
Does FUNDRIVER calculate units?
Can FUNDRIVER track the original value of a gift?
With what systems can FUNDRIVER interface?
FUNDRIVER can import and export fixed width, comma delimited, and Excel
formats. Custom interfaces have also been developed for: Peoplesoft, SAP,
Oracle/FRS, MAS90, Raiser’s Edge, Datatell, Banner, and Senior Systems.
Because each interface is custom-developed, if your system is not listed
here, FUNDRIVER can still provide an interface.
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Can we develop our own reports?
You cannot develop your own reports at this time; however, access
via third- party reporting tools is available. FUNDRIVER also has
an extensive library of interactive reports; we can also develop custom
reports for you for an additional fee.
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Can the interface be customized?
No, but reports and categories are customizable.
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Can the system support multiple spending
rules and assign rules to each endowment?
Yes – rules can be based on average market value, units per share, proportional
distribution or earned dividends and interest. Custom rules are available as
well. Rules can be configured to take into account underwater funds.
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What if we have a spending rule that does not quite fit into the
current list of choices?
We can accomodate custom rules.
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What formats are available for exporting reports?
FUNDRIVER can export reports to PDF, Excel, Word, XML, comma-delimited and HTML
formats.
We can also develop custom export formats for interfacing with general ledger
systems with Online PRO.
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Can we change spending rules and keep running reports
until we post the distributions?
Yes – FUNDRIVER has a report for this purpose.
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Can the system track permanently restricted, temporarily
restricted, and unrestricted assets?
Yes – we support several methods to track permanently restricted, temporarily
restricted, and unrestricted balances.
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How does FUNDRIVER handle the addition of units when new money is added?
FUNDRIVER can purchase units either at the beginning-of-month
or end-of-month unit price. Additional units then increase
the proportional ownership of the
fund receiving the gift within the pool. FUNDRIVER can allocate investment
activity based on the proportional ownership of the fund in
the pool either at the beginning
or end of the period.
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We do not always invest gifts as
they are received. We only transfer net funds when they are
needed. Can FUNDRIVER track this?
FUNDRIVER supports multiple methods to track due-to/due-from balances.
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Describe the flow of postings in the system.
The monthly or quarterly procedures
could vary by organization.
A typical posting period would consist of the following steps:
1. Enter new accounts for the period
2. Load gifts
3. If applicable, load or generate distributions
4. Post investment activity
5. Export to general ledger
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Does FUNDRIVER create an audit trail when funds are
merged?
Yes – FUNDRIVER preserves the history of the closed fund, the fund profile
and
the ID of the user that closed the fund. The process can be undone.
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How many levels can we get into the reporting structure?
FUNDRIVER has four categories for organizing funds: Type, Department, Foundation,
and Purpose Category. Categories can be customized
and are populated during the setup process. FUNDRIVER will help you determine
the best way to use the available categories.
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Can fields be changed on the setup menu if needed?
You can change the information within the categories, but you cannot change how
they display on the interface. We can adjust the reports so that they display
with different category names.
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How many funds can the system handle?
There is no practical limit to the number of funds; our largest client has over
4,800 funds.
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Can the system import data from our donor
management system/development system/ GL?
Yes – with FUNDRIVER Online PRO, we can create custom interfaces to other
applications
such as general ledger and donor management systems.
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Does FUNDRIVER calculate units?
Yes – FUNDRIVER performs unitization.
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Can FUNDRIVER track the original value of a gift?
Yes – FUNDRIVER tracks the original gift value, also called, principal
values,
corpus,
or historical gift.
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