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.
“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.”