Industry | Non Profit & Public Sector

spend visibility

Non Profit

Non Profit organisations typically depend on donors to fund their programs, are very cost conscious and reliant on procurement solutions. Non Profits need to deploy a high percentage of their donations or funding towards core programs while minimising overhead expenses. Rigid financial management of donor funds is required and they need to maintain core programs and services in times of high demand, even as donations or funding declines. As a consequence, Non Profit organisations operate on tight budgets with small, dedicated staffs.

Public Sector

Governance and control issues are of critical importance to Public Sector entities.  In addition, they must constantly strive to gain the best possible value from limited funds available. One of the most important ways of doing that is to closely control the way money is spent for the many goods and services they procure each year.  This means ensuring that purchases are properly authorised and accounted for within established budgets as well as sourcing suppliers to deliver the best value.

featured success story

Divisional CFO

Fabian Naidoo

“Through the introduction of Fraxion, we have an electronic record of the entire procurement cycle linked to each grant, which ensures efficient management of expenditure per grant, procurement compliance and timely payment processes to suppliers.”

 

fraxion working for you

Our Non Profit & Public Sector customers have been able to:

non profit

  • Track costs against donations with full audit trails
  • Gain real-time budget and spend visibility
  • Provide funders with visibility of how donations are spent
  • Gain spend control across locations through remote access on mobile devices
  • Manage expense reimbursements (mileage, per diems etc),  time sheets and cash advances

 

 

  • Operate more efficiently. This encourages donors to contribute to organisations that can demonstrate that they have the controls in place to ensure that funds are used for designated programs.
  • Optimise funds through smarter spending practices
  • Minimise risk and simplify the usually complex and costly software implementation process
  • Show a rapid ROI

public sector

  • Enforce governance and control requirements, compliance with applicable legislation such as the PFMA and any other relevant government policies and legislation.
  • Ensure procurement best practice is enforced to ensure spending is optimised within acceptable budgetary constraints

non profit & public sector

Click on the highlighted company logo below to view their success story