Industry | Non Profit

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.

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.”

 

  • 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
  • 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

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