Young Citizens, the non-profit organisation whose mission is to create a fairer, more equal society through the education and inclusion of young people, featured in The Times this week.
Discussing the advances in finance due to the increasing use of automation, Young Citizens’ Ray Ayivor gives his insight into how they have benefitted from greater reporting and integration across the whole organisation.
Young Citizens is a charity working hard to create the next generation of activists. But for many third-sector organisations like this one, budgets are tight and the back-end operations that keep the mission going are often underfunded.
“By integrating our accounting systems to automate the process, we also enhanced our reporting to make it fully automated, with coordination between different feeds – and our external partners – enabling our audit to be carried out remotely.”
“It’s enabled me to handle what is quite an extensive operation at a very minimal cost. If you look at the trading we do on our website – high volume, low-value trading – it is a lot to process manually. This new system does it for me. It also enables me to tap into existing admin capacity from across the business, not just finance professionals, because the system is easy to understand.”
“Without the delivery of high-speed, high-quality reports, we could find ourselves in a position where we lose funding. I’ve been able to keep all stakeholders happy with the speed and quality of the reports I produce at the touch of a button.
“Our resources are limited, so we need to make what we do have go as far as possible. The most effective way of doing that is using relevant technology. I think that’s the future of finance.”
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