InfoStrat's Townsend Report

While grant management may seem like a simple, mature process to the outsider, it is constantly changing to meet new regulatory requirements. Nonprofit organizations are implementing changes to Generally Acceptable Accounting Practices (GAAP) for gifts and donations which were originally released in June 2018 by the Financial Accounting Standards Board  as Accounting Standards Update (ASU) 2018-08 .  The central topic of this update is to provide guidance on recognizing contributions made and contributions received.  Implementing the standard may require organizations that receive grants to track information they may not have tracked in the past, and to be clear about any contributions which carry conditions.  These conditions affect when the revenue is recognized, delaying recognition until conditions are met rather than recognizing immediately as would be the case with an unconditional gift. The standards apply to private organizations including non-profits that receive and make cont

Yesterday at the Inspire event Microsoft announced a new product called Dataflex , subsequently renamed  Project Oakdale which is build on the Power Apps Common Data Service.   Project Oakdalesimplifies building and deploying apps and intelligent chatbots in Teams with Microsoft Power Apps and Microsoft Power Virtual Agents.   The rapid expansion of remote working during the COVID-19 crisis has fueled adoption of Microsoft Teams.  Project Oakdale adds features to make Teams more competitive to products such as Slack.  The new functionality of Project Oakdale allows apps and bots to be created from inside Microsoft Teams. This means that organizations can access more data without leaving Teams for other apps.  Watch video Adoption of Teams strengthens the appeal of Office 356.  Some companies that rarely used Teams or even maintained subscriptions to online meeting products such as Zoom, GoToMeeting and Webex have come to appreciate Teams for internal and external collaboration.  The en