In this section: |
Large CharitiesCharities with income of more than £1m per year
If you are a large charity, outsourcing can still be a cost effective solution and you will almost certainly benefit from greater economies of scale. The cost of running a traditional finance office at this level is often high due to the skill set required and it is important for management and Trustees to seek alternative ways of saving time and money. By centralising services and sharing resources, you can increase the efficiency of your back office services releasing precious time and money back into pursuing core charitable objectives. Additional indirect benefits can also be realised through the reduction in recruitment costs, savings in IT hardware and software upgrades and the release of management time.
Automated procedures including electronic banking processes and service desk facilities for queries provide a clear route for data to be processed. Standardisation of management reporting improves the effectiveness of information presented to management and to Trustees. Other simplifications through the use of a functional office team can also remove duplication of work which is often found in organisations where a period of high growth has taken place. If you would like further information and think your charity fits into this category, please complete our enquiry form. |
Related materialWhat our clients have said:“In discussing finance outsourcing with colleagues many of the questions return to the feeling of loss of control. Our experience in general really has been that this is more a perception than a reality and if anything because we have had to be a bit more structured in our approach we probably have better control systems.
What matters at the end of the day is the providing of the appropriate information and advice at the relevant time, and if these are not forthcoming control is illusionary wherever the problem originates!” Ben Elger Chief Executive, RUSU
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Debit & Credit Card ProcessingCharity Business works in partnership with Charity Technology Trust and is able to offer a cost effective and efficient web based credit card processing facility. Further details |



