Finance departments are facing many challenges in this new reality
The New Year brings a New Reality to nonprofit organizations. Working arrangements for staff, physical workspace and daily operations have changed. The changes present the following challenges:
Building and maintaining a strong finance department infrastructure is critical for meeting these challenges and helping to ensure the sustainability of the organization.
A strong infrastructure includes operating procedures that are clearly defined, reviewed and updated regularly and strictly adhered to and includes automated systems, such as invoice and expense processing, that facilitate workflow, increase transparency and maintain proper internal controls
Transitioning a finance department from working exclusively in the office to remote working is an opportunity for nonprofit organizations to take steps to strengthen the infrastructure of their finance departments.
You are invited to schedule a complimentary consultation to discuss how we can help your organization improve the infrastructure of your finance department.