This content has been supplied by a commercial partner. In a recent survey with over 1000 financial professionals, including 250 charities and not-for-profit organisations, carried out by finance software solution Xledger UK and Censuswide UK, it was founded that 53% of charities have not undergone or even started digital transformation within the finance function. Is this due to a lack of funding, motivation, resource, or because they are not sure where to start? All these factors are common issues within the sector when it comes to digitisation. Through our research, we also discovered 52% of respondents in the charity sector do not have the tools they need to forecast ahead of a recession and the biggest reason (20%) for this was because their systems were outdated. Access accurate data fast In our research, 51% of charities said they were not able to access data as fast as they desired. Meeting stringent reporting demands from regulators, trustees, donors, or the public requires accurate fund reporting capabilities, and fast access to real-time data. The right finance technology system can help you ensure you get real-time data you can trust in an efficient manner by saving time and reducing risks around manual […]
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