Despite the vast amount of time and effort that goes into the creation of a budget, its output is seldom followed. Using a modern finance system is the first step to success, but knowing how to harness its true potential is essentially how to keep your organisation on budget.
Working remotely can be challenging. Without the stimulus of an office environment where people are driven by deadlines and rely on schedules, keeping your employees engaged and productive requires planning and thinking ahead. But in this article, we share useful tips on how to keep finance teams productive while working from home.
Automation does not remove humans from the process – it empowers them. To automate your finance department is to let the machines carry out the tedious and repetitive work. With less time allocated to manual processes, your finance team can focus on the activities that matter most to your organisation, driving the productivity to meet your business objectives.
If you are a fan of spreadsheets or do not know any different, the thought of abandoning them is presumably a daunting notion. However, here are the real reasons why you should limit your reliance on spreadsheets and look to utilise modern financial software.
There’s no denying the fact that charity accounts are complex entities. Research shows that a good level of education is needed to understand most annual reports – and that’s just the summary at the end of the year. While non-profits have a duty to report back on spending to key stakeholders, the way in which they do this varies hugely across the board. But how can technology drive success within charity finance teams?