Based in Melbourne and Geelong, Westgate Community Initiatives Group (WCIG) is a not-for-profit organisation committed to improving lives through practical responses to unemployment and disadvantage. Through implementation of Sage Intacct, WCIG was able to save hours at month-end and simplify accounting to reclaim time to focus on delivering strategic financial advice.
During the pandemic, one sector that has suffered dramatically has been not-for-profit. Those organisations that relied on events or fundraising activities that simply do not work with social distancing have had to pivot and look at innovative ways to keep moving forward. This has been a global challenge for the sector. So, what should advisors be thinking about when talking to their clients? Nunzio Giunta, Managing Partner of Giuntabell, is interviewed by Bobby Lane, CEO of the Multi-Disciplinary Outsourcing Practice Factorium.
"Software is ‘software’ and there are many firms able to recommend what they are most comfortable with. With Giuntabell however, there is a real focus on understanding people and establishing productive relationships. This is what allows them to truly connect with our organisation, to thoroughly understand the issues in order to deliver solutions that meet our current requirements and also capable of supporting our future growth.” Michael Carter CFO Social Futures.
A major independent new report co-published by Justice Connect’s #FixFundraising coalition and the Charities Crisis Cabinet reveals that over 600 charities and community organisations surveyed are drowning in red tape because of outdated fundraising laws.
Nunzio Giunta, Managing Partner of Giuntabell, shares insights on how not-for-profits weather the pandemic:
The nature of the CFO role in business in Australia is changing due to the digitalisation of business and industry. Kerry Agiasotis, Executive Vice President of Sage Asia Pacific and Managing Director of Sage Australia, introduces the 2019 launch of Sage Intacct in Australia and shares highlights of research by Edelman Research and what this means for the CFO role.
Industry leaders from both technology and business participate in a panel discussion on the things every finance leader and CFO should be thinking about in this day and age. They share their experiences and views, and what their organisations are doing in response to the changing times.
Hear from Kristina White, CFO of Job Centre Australia, as she shares insights on:
Facilitated by: Sage Australia; Presenters: Kristina White, Carlene Baskerville
Hear from Shy Bastianpillai, CFO of Royal Institute for Deaf & Blind Children (now known as NextSense), as she shares insights on:
Facilitated by: Sage Australia; Presenters: Shy Bastianpillai, Carlene Baskerville
With limited IT resources and far too many manual accounting processes, finance teams utilise traditional reporting that only provides backward-looking information about the prior month, quarter, or year. However, executives need real-time reporting that can be customised by role, program, location, funding source, and more.
With our unified experience in the charity and not-for-profit sector, we can support you to automate those elements of financial reporting that conventional solutions are unable to manage. However, it is more than just reporting problems that we address. Revenue recognition, overhead cost allocations, funding acquittals, expense control and month-end procedures represent other significant challenges.
Presented by: Giuntabell's Managing Partner, Nunzio Giunta.
Every effort has been made to ensure that the information provided is accurate however, any information and advice on this page is of a general nature and does not constitute financial advice. Please contact us if you require more specific advice.