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New Technology: The Total Economic Impact of Microsoft 365 Copilot as used by Nonprofits
Nonprofits need proof before committing limited funds to new tools. This Forrester analyst report, "Total Economic Impact of Microsoft 365 Copilot As Used By Nonprofits," provides evidence of cost savings and organizational benefits enabled by Microsoft 365 Copilot, with projected ROI between 52% and 316%. Download this report to see how Copilot supports efficiency, fundraising, and staff retention. Contact CIO Main Street to discuss how these results can translate to your organization.
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Microsoft 365 Copilot is an AI-powered productivity tool designed to enhance workplace efficiency by automating repetitive tasks and streamlining processes. For nonprofit organizations, it helps employees save time on tasks such as drafting emails, attending meetings, and creating documents, allowing them to focus more on mission-oriented work and improving their overall work-life balance.
What are the financial impacts of using Microsoft 365 Copilot?
Nonprofits using Microsoft 365 Copilot can anticipate significant financial benefits, including a projected increase in fundraising efforts by 10% to 20% over three years, leading to a net present value (NPV) of between $789,000 and $2 million. Additionally, operational efficiencies could improve by 10% to 25%, resulting in an NPV of $263,000 to $895,000, along with potential cost reductions for certain technologies by up to 100%.
How does Microsoft 365 Copilot improve staff retention?
Microsoft 365 Copilot enhances staff retention by reducing the time employees spend on mundane tasks, allowing them to engage in more strategic and creative work. This leads to increased job satisfaction. Furthermore, it accelerates the onboarding process for new hires by making it easier for them to access necessary documents and learn their roles, which can improve retention rates by 10% to 18%.
New Technology: The Total Economic Impact of Microsoft 365 Copilot as used by Nonprofits
published by CIO Main Street
CIO Main Street is a Computer, Network, and Information Technology Consulting company that brings Chief Information Officer services to Main Street America. At CIO Main Street, we speak Windows, we speak Mac, but best of all we speak Human!
We help organizations by asking a few questions. What do you want technology to do for you today? And what can you imagine it doing for you in the future? Notice that we do not say bits and bytes. Or hardware/software?
We offer qualified and professional service to our customers by helping them save time, reduce stress, and avoid frustration and we do this by LISTENING. It is said that “with two ears and one mouth use them proportionally you will do just fine” and that is what we do, we LISTEN to you and your people.
We help Design, Install, and Maintain the IT Network solutions that to run your business or non-profit by Keeping I.T. Simple.
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