Ko Taku Reo Deaf Education: Working with Forecast 5
The complexity of the organisation and the need to move beyond simplistic excel spreadsheets were the driving factors to looking for a budgeting tool. Cashflow management within budgetary constraints is becoming more and more critical and the need to align finances with strategic goals.
Challenges
The uniqueness & complexity of the organization with multiple cost centres based on a number of Ministry of Education contracts with overlapping service delivery lines. Increasing demand for services under budgetary constraints requiring a forward focused approach. The ability to consolidate numerous departments and being able to rely on the consolidation process.
Within an ever-changing environment the ability to forecast cashflow 2 – 3 years out is becoming ever more critical.
Return on Investment
Since the implementation we have experienced efficiency improvements, with the resultant time or cost savings, better information for decision-making and reporting that is reliable and provides confidence moving forward.
Choosing Forecast 5
Having used Forecast 5 in a previous work life, adopting it in the current setting was a “no brainer”. Right tool for the right job at the right time.
The Consolidation ability and integration with Xero is integral to our accounting function.
“In an ever-changing environment planning is critical. Forecast 5 allows the Centre to plan in a changing environment to ensure it has the resources available to meet the challenges encountered and move forward with relative confidence.”
– Matthew Koning, Executive Officer
Website: www.vanasch.school.nz
Contact: Matthew Koning
Role: Executive Officer
Date established: 1880
Revenue: $15,000,000
Number of employees: 175
Does your school need to move to a more streamlined budgeting approach
like Matthew has?
Talk to us today to see how we can help you!
