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Continuous Improvement of the Finance Function: Accept the Things You Cannot Change… But Change the Things You Can!

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The most thriving nonprofits are those that have a continuous improvement culture. Continuous improvement ensures systems and processes scale with growth; systems integration and integrity is maintained or improved; highly-manual processes and lengthy/overburdened close cycles are eliminated; and meaningful data is available on-demand for decision-making. In this informative session, members of AAFCPAs’ Managed Accounting Solutions and Business Process & IT Advisory practices provide two case study examples, demonstrating two approaches to reduce costs, create efficiencies, and/or achieve more effective internal control over your finance function.

These audio sessions were recorded live at AAFCPAs’ April 25th, 2019 Annual Nonprofit Educational Seminar. Slides may be downloaded by clicking here. >>

Watch the Full Video of this 24:03 Session

 

About the Authors

Robin Kelley CPA
Robin is a leader of AAFCPAs’ Managed Accounting Solutions practice, providing strategic finance and accounting guidance, and leveraging state-of-the-art cloud-based solutions to support clients’ most critical business and operational processes.  She provides high-level CFO oversight and strategic planning, enabling clients to drive efficiency, reduce the cycle it takes to close books, and develop better benchmark and baseline financial processes to meet regulatory requirements and achieve growth in revenue & profits. Robin advises many organizations in meeting grant & lender compliance requirements, and identifying and addressing risks within their internal control environment.
Joyce Ripianzi
Joyce is a Partner in the Consulting Division of AAFCPAs and a member of the firm’s growing Managed Accounting Solutions (MAS) practice, which provides “right-size” outsourced accounting solutions, from cloud-based bookkeeping to CFO deliverables, designed to optimize the effectiveness of the modern finance function. She is deeply rooted in the nonprofit industry, and harnesses her years of nonprofit experience and audit, tax, and accounting insight to provide AAFCPAs’ clients with deep expertise in many critical aspects of forming and running a successful nonprofit organization. In addition to helping clients achieve high-performing finance functions, Joyce provides nonprofit management consulting in critical areas, including: GAAP financial reporting; complex revenue recognition issues; nonprofit tax; complex transactions, including for-profit collaborations; internal controls design and testing; and nonprofit governance.
Robyn Leet
Robyn is a solution-oriented, business process improvement architect & strategist with broad expertise in identifying operations or employee skills that may be improved to ensure smoother procedures, more efficient workflow and improved operational performance. She has a stellar reputation for advising AAFCPAs’ clients in implementing pragmatic changes that have immediate impact leading to business growth, such as: reduced process costs, increased quality, reduced number of errors, reduced process throughput times, reduced training time and expenses, reduced number of internal support requests and customer complaints, increased forecast accuracy, and reduced risks of fraud. Business processes cut across organizational and functional boundaries, and Robyn engages closely with functional and field leaders in all phases of improvement efforts.