5 ways nonprofit organizations can use Business Prime to grow in any economy

Navigating the complexities of the economic climate can be challenging for any organization. Finding ways to grow and expand impact requires planning, innovative thinking, and continued judicious use of available resources. According to a recent survey, 67% of respondents indicated that they would be increasing their technology spending significantly or slightly as a way to combat inflation. While procurement isn’t the only lever nonprofit organizations can look to during these times, it can play a pivotal role. Purchasing on Amazon Business can help you access savings with business pricing on millions of products and there are other resources that can help increase your benefits.

One such resource is Amazon Business’ Business Prime membership, a series of features designed to support organizations by offering unique benefits that foster growth and stability in any economy. To start, many of the product you purchase today could be eligible for fast, FREE business delivery. Additionally, Amazon Business offers a special discount of 65% off the annual Business Prime membership for eligible 501(c)(3) nonprofits giving you the same access to the tools other businesses use for a fraction of the cost (there's even a free trial).

Getting more from Business Prime

Below are some of the other benefits that nonprofit organizations can utilize when looking to drive efficiencies, gather insights on their purchasing patterns, or identify opportunities to save: 

1. Optimize cash flow: Pay By Invoice (PBI) gives you the ability to buy now and pay later with no interest or fees which can be a powerful tool for nonprofits. Whether investing those funds or using them to extend the mission, having that flexibility is key in uncertain times. Approved Business Prime members can get extended terms of 45-* or 60-day terms**. 
2. Boost productivity: Nonprofits can also use Business Prime's tools to improve their operations' efficiency. Guided Buying turns procurement rules into easy-to-follow visual signposts for buyers promoting compliance and cutting down purchasing time, thereby freeing up resources for other mission-critical tasks. 
3. Extend your mission: While it might not always come to mind, nonprofits can actually use procurement as a tool to further their mission. Guided Buying allows you to highlight or prefer credentialed local and diverse businesses, and more sustainable products on Amazon Business. This can allow you to support the local economy or even veteran owned businesses. 
4. Identify cost savings: Having a complete picture of your employees’ orders over time will allow you to better understand opportunities for new policies or ways to save. Our Spend Visibility tool has pre-built dashboards that can assist you in making intelligent budgeting decisions, and even identify opportunities for consolidating multiple small purchases into bulk orders for additional savings.
5. Enhanced transparency: With donor acquisition and retention being more vital than ever, make it easier on yourself to show your effective stewardship of funds. Spend Visibility provides real-time tracking of your performance goals with customizable spending and savings trackers. This level of transparency can reinforce trust with donors and may even streamline the fiscal year-end reconciliation process.

Today's economic environment presents a unique set of challenges and opportunities. At Amazon Business, we understand these dynamics and have tailored our Business Prime membership to empower nonprofits not just to survive, but to thrive. Our suite of tools allows organizations to unlock operational efficiencies, broaden the reach of their mission, and utilize their resources more strategically. Benefit from our special discounts tailored for eligible nonprofits, and see firsthand how you can transform economic challenges into opportunities for growth and meaningful impact.