Back Office & Accounting Services
Sometimes referred to as the ‘Cardiovascular System’ of an organisation, the back office and accounting system is often the unseen, yet vital hero of healthy, thriving organisations.
When the system is working efficiency and effectively, the organization can be empowered to greater outcomes and impact. Conversely, when it’s not running at optimal levels, ministry outcomes and good stewardship decisions can be impaired.
A challenge the world over for any ministry organisation is the fact these functions are not necessarily core to ministry outcomes. They certainly empower ministry, but oftentimes take considerable management and resource allocation that could be otherwise deployed toward direct ministry fulfillment.
For this reason, CMAA is investing in this particular member solution to provide members with a best-of-class outsource solution that also empowers greater ministry outcomes.
Quite simply, it just makes sense. When something is your core business, you get very good and very efficient at it. You also become an expert in government, tax and banking compliance, charity, ATO and financial regulations, board and management reporting needs, donor management and donor care, invoicing, receipting, and product fulfilment and management… and the list goes on.
Then there are the concerns and challenges of having this function as an internal competency.
How do you know you are hiring the right people for the role? What are their competence levels? Do they need to up-skill their training? Are they really capable of handling both donor care and accounting functions? What can one person reasonably handle in a working week? What about holidays and sick leave and superannuation?
All of a sudden, outsourcing looks like a very viable option.
It is for these, and many other reasons, that CMAA has negotiated a CMAA Member Service partnership with Financial Processing Solutions (FPS) based at Penrith in NSW.
Financial Processing Solutions specialise in managing repetitive processes that are linked to and require a financial result on behalf of CMAA Members.
Financial Processing Solutions Pty Ltd (FPS) is a privately owned company with over 25 years experience providing financial processing services for the not-for-profit sector. Clients include charities, not-for-profit organisations and commercial companies.
Located in Penrith, NSW, FPS employs a team of over 20 professionals comprising eight full-time employees, five part-time employees and 8–10 casual staff employed during peak periods as required. FPS also has 6–8 contractors available for different roles including accounting, payroll, IT and Database Maintenance, and support.
FPS Current Ministry Clients
Approach to Client Service
The FPS team has always approached work as an internal staff member of the client organisation. As a result, no reasonable office function or request is off limit whether it is delivering scheduled, on time financial or donor engagement reports or printing and mailing a single personal letter from the ministry CEO.
Because of the FPS culture and dedication to client service, there is also no perceivable separation to those who contact the ministry via phone, mail or electronically.
Administration and Database functions including:
Bookkeeping, Accounting and Payroll functions including:
For more information contact firstname.lastname@example.org