Selection and implementation of a financial system for a non-profit organization
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Determining the requirements for a new billing and credit card tool
Establishment of finway with suitable approval processes and team structure
"Through the project-based collaboration with torq.partners, we were able to find and implement a user-friendly financial system that fits our unique organizational structure."
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Chief Financial Officer
Challenges
The hierarchies were very flat or non-existent.
There were only a few approval processes and there was a lack of flexibility.
The existing tool was neither user-friendly nor easy to use and did not have a simple user interface.
Switching from the existing tool to finway meant changing a core part of the business processes.
The unique organizational structure and the required freedom posed a challenge when setting up the corresponding approval processes.
Solution
Search and selection of a tool with tailored approval functions to meet the organizational requirements, especially as a registered association in Germany
Impact
We have changed a core part of the business processes by switching from the existing tool to finway.
We have managed to meet all the requirements communicated by the organization.
By implementing finway, we were able to stop using shared credit cards, reducing the risk of fraud and ensuring compliance requirements were met.
