During this time of financial uncertainty and instability, when so much still depends on the success of your mission, it is critical that you can count on a current, accurate, and transparent picture of your financials.
Not for Profit organisations must deliver against the varied obligations of their beneficiaries, donors and employees, whilst demonstrating efficient use of their funds and grants. Wave has a long track record of working with Charities and Non Profit organisations to help them deliver against unique challenges like meeting the compliance demands of the Charity Commission Statement of Recommended Practice, (SORP), producing a Statement of Financial Activities (SOFA) and handling the multiple auditing demands of funders and grants.
Wave can assist with charity SORP and SOFA reporting and accounting requirements and our financial management solutions – Infor SunSystems – can be fully integrated with third party membership and fundraising systems.
To do this at a profit, you need to understand and control the financial aspects of your business. This requires a financial management solution designed to help manage the unique demands of a hospitality business. Your financial management system should help you optimise the way you use your people, physical, and financial resources to meet current and future guest expectations.
This will aid your organisation in:
- Closing the books quickly.
- Cutting costs.
- Streamlining back-office processes.
- Boosting profitability.
- Enhancing guest satisfaction, thus increasing repeat business.
- Improving productivity.
- Adapting quickly and easily to changing business needs.