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Improving cash management and financial control at a nonprofit organization
Business problem
A nonprofit organization needed help with treasury functions, including financial control, financial procedures, fundraising, and cash management
Solutions
This assignment began with a review of current processes and procedures to determine where improvements could be made to financial control and cash management. We developed a plan with the organization’s directors to upgrade software, standardize procedures, and improve reporting capabilities. We then worked together on strategies for fundraising and better cash flow.
Length of assignment: 14 months
Results
With better financial information at their disposal, the Board of Directors was able to plan and budget better, improving the organization’s overall health. The year after we implemented the new fundraising strategy, donations rose by nearly 15%.
A nonprofit organization needed help with treasury functions, including financial control, financial procedures, fundraising, and cash management
Solutions
This assignment began with a review of current processes and procedures to determine where improvements could be made to financial control and cash management. We developed a plan with the organization’s directors to upgrade software, standardize procedures, and improve reporting capabilities. We then worked together on strategies for fundraising and better cash flow.
Length of assignment: 14 months
Results
With better financial information at their disposal, the Board of Directors was able to plan and budget better, improving the organization’s overall health. The year after we implemented the new fundraising strategy, donations rose by nearly 15%.