Not-for-profit & Charities
The challenges that face not-for-profit organisations today are becoming ever more complex. Accordingly, the role of the finance professional within those organisations is changing from being primarily focused on control to having an increasing strategic direction.
Foundation Systems recognises this and ensures that the solutions we provide allow not-for-profit organisations to focus on the primary goal of the organisation rather than the operation of the systems that it runs.
Some of the challenges that we encounter in the not-for-profit organisations that we work with include:
- Cost Control - Maximising the return on each donation in order to fulfil the primary goals of the organisation.
- Statutory Reporting - Adherence to SORP and SOFA reporting requirements.
- Access to Key Performance Indicators - Analysing the performance of an organisation in order to make decisions that will help maximise performance.
- Donor Reporting - Increasingly donors require transparency of information with regards to their donation revenue and where it is going.
- Efficient Processes - Integration between back office and front office systems to ensure consistent delivery across the organisation.
- VAT - The ability to efficiently handle partial VAT transactions without the need for manual intervention.
- Procurement - Streamlining and automating the procurement process to avoid a costly, cumbersome procurement procedure. At Foundation Systems we understand your needs as a not-for-profit organisation and are able to provide a complete solution that addresses your challenges from the core financials requirement through e-procurement and into advanced reporting and analysis.
Our aim is to partner with you as an organisation to maximise the efficiency of your organisation through streamlined processes, integrated systems and the best organisational management and analysis applications. Our procurement solutions will contribute to your organisation by:
- ensuring transparency of information to your funders, stakeholders, trustees and senior management teams
- providing efficient and timely delivery of SORP and SOFA reports
- control the costs of your organisation with our solutions through tight process control and effective e-procurement
- automatically handle your VAT requirements
- provide automated integration throughout your organisational systems to free up your organisations time and make it more efficient.
If you would like to speak to one of our industry experts please contact Foundation Systems
Download more information about Not-for-Profit and Charities.
