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New Technology: The Total Economic Impact of Microsoft 365 Copilot as used by Nonprofits
Your nonprofit faces immense pressure to achieve more with less. The Forrester report, "The Total Economic Impact of Microsoft 365 Copilot As Used By Nonprofits", uncovers how Microsoft 365 Copilot helps organizations like yours drive efficiencies, enhance fundraising, and retain top talent. Download now to learn how your organization can benefit from Copilot and contact Technology Plus for a consultation tailored to your goals.
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Microsoft 365 Copilot is an AI-powered workplace productivity tool designed to enhance efficiency in nonprofit organizations. It integrates generative AI into Microsoft applications like Outlook, Teams, Word, and Excel, helping staff automate repetitive tasks, streamline communication, and improve overall productivity. By reducing time spent on mundane activities, employees can focus more on strategic and creative work, ultimately advancing the organization's mission.
What are the financial impacts of using Microsoft 365 Copilot?
Nonprofits using Microsoft 365 Copilot can anticipate significant financial benefits. The projected return on investment (ROI) for these organizations can range from a net present value (NPV) of approximately $459,000 to $2.8 million over three years. Key benefits include a 10% to 20% increase in fundraising efficiency, operational efficiency improvements of 10% to 25%, and substantial cost reductions for certain technologies and services.
How does Microsoft 365 Copilot improve staff satisfaction?
Microsoft 365 Copilot enhances staff satisfaction by allowing employees to spend less time on repetitive tasks and more time on meaningful work. This shift not only improves work-life balance but also fosters a more strategic and creative environment. As a result, organizations have reported improved staff retention rates, with retention improvements ranging from 10% to 18%, and a decrease in onboarding time by 15% to 25% for new hires.
New Technology: The Total Economic Impact of Microsoft 365 Copilot as used by Nonprofits
published by Technology Plus
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