The Numbers That Matter
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15%
Less Books Closure Time
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0.50%
Internal Error Rate
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20%
External Auditor Costs Saving
About The Client
A US-headquartered non-profit organization works with children and adults facing physical, developmental, and economic challenges in a marine environment. The scope of services we provided encompassed end-to-end bookkeeping, including Accounts Payable, Accounts Receivable, Payroll, General Ledger, Fixed Assets Accounting, and Budgeting.
Problem
The existing Chart of Accounts (COA) had become redundant and irrelevant to the organization’s statutory reporting requirements. This required urgent correction. The client also sought ABC’s expertise to rectify unsystematic fund allocations, overdue accounts, high audit costs, and other overheads.
Solution
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Cost-Efficient Solutions Given that we're catering to a not-for-profit client's needs, we sought to minimize costs right from the start.
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Sustainable Workflows Our team came up with sustainable solutions, such as switching to project-based accounting, invoice back-up, budgeting for programs, weekly program performance reporting et al.
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Improved Planning & Compliance Our optimization efforts have helped the organization improve its overall financial planning and statutory reporting.
What Our Client Says
Our programs are now budgeted and accounted for scientifically adhering to accounting principles. Being compliant on regulations adds to the pride of our work. All thanks to Centelli!
Head of Operations,
Non-Profit Organization