[caption id="attachment_128" align="alignright" width="250"] London based charity save thousands of pounds by updating their finance management system[/caption]
The Westminster Drug Project, a charity based in London which aims to help people whose lives have been affected by drugs and alcohol, has recently employed a finance management system. The system implemented, OpenAccounts, will improve overall efficiency by saving time generating financial reports, providing more storage and allowing the charity to keep an eye on its expenditure.
It is expected that utilising this new system will free up a total of four days a month on admin and will reduce the charity’s spending by around three thousand pounds a year due to the savings made on paper, postage and archiving.
Financial Controller of WDP, Grace Ademolake says, “As a growing charity, we need to have a holistic view of our financial performance to ensure that we operate as effectively and efficiently as possible whilst remaining compliant with Charity Commission regulations. The OpenAccounts system will not only streamline our activities but will help us to provide accurate information to key stakeholders in a timely fashion.”
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