The budgets of not-for-profit organizations are increasingly tight. One industry journal dubbed it “The Big Squeeze.” Costs are increasing for such necessities as employee healthcare, salaries, computer security, new construction and renovation, while resources like endowments are increasingly constrained. Financial effectiveness is key in the current environment.
Business officers and boards must focus on such imperatives as:
- Improving internal and external financial reporting for higher quality and greater transparency
- Building and maintaining cost effective controls
- Optimizing cash flow and reducing the cost of capital
- Focusing on people and organization structure
- Strengthening and streamlining budgeting and forecasting capabilities and improve their effectiveness as tools to manage performance
With a well-controlled, flexible and integrated financial environment not-for-profit organizations improve performance, gain better insight, and proactively execute strategy.
How PwC can help you
A core competency for PricewaterhouseCoopers is helping not-for-profit organizations enhance the effectiveness of their finance functions. We work closely with CFOs, Controllers, Treasurers and other Business Officers to provide viewpoints, independent advice and support to meet changing governance, operating and support requirements.
