Large Charities

Solutions suitable for charities with income of more than £1m per year.

If you are a large charity, outsourcing is still 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.  A recent survey by Charity Finance found that it cost between 2.6% and 7% to operate a charity finance functions we can provide the transaction processing for around 1.6% and even less in most cases.  By outsourcing the finance function savings as high as 40% to 70% can be achieved along with better controls, improved processing efficiency, and better reporting. 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.

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.

If you would like further information and to discuss how we may be able to assist you then please contact us now on 01793 554204 alternatively complete our online outsourcing enquiry form.