A Start in Life NFP
These trends led Stephen Floyd to review the way the organisation managed and reported on their finances to provide more efficient and timely reporting to management. The previous budget involved a series of spread sheets, which were cumbersome and not easily changed. There were then challenges with transferring and matching data from the accounting system with the budgets. The result was a reporting and management system that was less than ideal: It was time-consuming to manage, time-consuming to update each month and difficult to respond to rapidly changing needs.
