Outsourcing Overview

One of the main ways in which Charity Business can support your organisation is through the outsourcing of your finance function. Outsourcing is fast becoming the right thing to do for many charities. The Charity Commission are big fans and are encouraging charities and not-for-profits to share services, collaborate and generally work more efficiently so that more money can go to service delivery.

The benefits include the delivery of clear good quality management information packs; and staff, management and Trustees can spend more time developing and delivering charitable objectives through an increase in time and money.

What does this mean?

Rather than bearing the cost of employing a full finance team, you can contract the running of the function out to a third party. We work in partnership with you to manage everything from processing invoices for payment through to managing your outstanding debt. This will relieve the pressure of dealing with time consuming supplier queries and cash flow as you will have a team of fully trained finance staff to do it for you.

Our financial processing services utilise a mix of a skilled and experienced financial operations team and professionally qualified accountants. The tailor-made service solutions allow organisations of all sizes to pick and choose the functions they require to meet critical strategic objectives and include:

• Purchase ledger management, including payment processing
• Sales ledger and debt management
• Treasury & cash book management
• Fully managed payroll process
• High quality management accounts and information

Charities with Income <£250k

If you are a small charity, you can benefit from a fixed price financial package. Further details

Charities with Income <£1m

If you are a medium sized charity, you can still benefit from cost effective finance solutions through automating procedures reducing time and money. Further details

Charities with Income >£1m

If you are a larger charity, outsourcing solutions become more cost effective through automation of higher volume transaction processing and the use of a functional finance team. Additional benefits come from being able to quickly scale up or down as you develop and grow. Further details