In its latest update, reporting software company Calxa, has released yet another feature to support the Not-for-Profit sector in Australia.
With the National Disability Insurance Scheme (NDIS), funding is based on a retrospective model, impacting cashflow for many service providers. Whilst in the past, organisations were grant funded with bulk amounts provided in advance, now the model requires billing of each service and a claim request to be processed to the NDIA, the Government Agency. Trevor McFarlane from Leisure Networks, a service provider based out of Geelong, puts this into perspective. “We now process around 300 bills a fortnight compared to 1 invoice each month previously.”
With reimbursements taking anywhere from 30-90 days, organisations need to have a substantial cashflow buffer to continue operating. Calxa’s many non-profit customers already benefit from being able to forecast their client payments, giving them the data to base important decisions on. Mick Devine, CEO at Calxa says, “Costing your services and looking ahead is very important for long-term sustainability. But getting cash into the bank is all about survival today, this week, this month.”
The new feature enables the user to process a bulk upload of their MYOB bills directly to the NDIA (National Disability Insurance Agency) portal for the Government Agency to review and reimburse. The functionality is designed to help smaller organisations that do not have a client management system (CMS) already handling this crucial task. Mr Devine explains, “it is about improving efficiencies of the billing process from time of issue to the actual payment.“
At this stage the feature is available only for MYOB users with other accounting systems considered in the future.
Winner of the 2016 Australia Not-for-Profit Technology Award, Calxa Australia delivers the leading budgeting and cashflow forecasting software for not-for-profit organisations and small businesses throughout Australia and New Zealand. The Calxa software integrates with accounting systems such as MYOB, QuickBooks Online and Xero, producing error-free reports quickly and easily. The company’s headquarters are located in Townsville, Queensland.
For more information please contact:
CEO Calxa Australia Pty Ltd
Email: [email protected]
Phone: +61 433 77 88 05
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