Through our Finance and Accounting Opportunity Assessment, we will identify opportunities for the finance function to increase its efficiency and effectiveness, and provide better support of the organization’s strategic goals. Our team of financial experts developed a comprehensive three3-part diagnostic assessment designed to examine the efficacy and efficiency of people, processes, and technology deployed within the finance organization.

 

 

 

 

Part 1: The Perspective of Senior Leadership

Through interviews with the principal executives, department heads, and programmatic leaders, we will gain a perspective on the organization’s strategy and the current effectiveness of the finance function in supporting organizational goals.

 

Part 2:   Examining the Current State and Identifying Opportunities   

We will evaluate the existing staffing structure, processes, and related technology environment within the finance organization. This assessment will allow us to determine opportunities for improving process efficiency and quality through process re-design and more beneficial use of technology based on proven best practices employed by other similar nonprofit organizations.

 

Part 3: Our Assessment

In addition to a written report summarizing our recommendations, we will meet with key management to discuss our findings, the opportunities identified, and our recommendations for the path forward.

As a result of our assessment, we will recommend opportunities for the finance department to provide more timely and cost-effective decision support services through:

  • Process redesign
  • Optimum use of technology
  • Redirecting resources and focusing efforts on providing high-value decision-support services
  • Reducing or eliminating “non-value-added” activities

 

Advisory Services

INSIGHTS & RESOURCES

How Efficient and Effective is your Accounting and Finance Operation?

Audit & Assurance02/21/2014

The outfall from the recession has caused nonprofit leaders to become increasingly cognizant about the amount of resources devoted to running their organization.  As a result, many organizations have come to us to review their business processes and/or manage their accounting operation.
Although many nonprofits have successfully implemented improvements in response to the need to cut costs, […]

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