Blogs

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?

In a digitally-driven economy, data drives business decisions and helps organisations to become agile and responsive to change. But when an organisations finance system is in need of an upgrade, the ripple effects can be highly damaging. Here are your six warning signs.

Deploying an enterprise resource planning (ERP) system cannot be underestimated. To start with, you’ll need to assign time and resources to implement the technology, for training and to integrate your new purchase with existing tools. Picking an unsuitable option will only drag you back to square one.

No matter their size or the cause that drives them, long-term grants are essential for organisations in the voluntary sector in ensuring financial sustainability. Against a backdrop of slow economic growth, however, significant reforms to the shape of government spending has made securing such contracts an unfair fight for organisations on the smaller end of the scale.