Issue
As the not-for-profit organization approached a major milestone anniversary, it faced challenges, including a lack of a clear and unified budgeting process, especially during a leadership transition. The complexity and urgency of their mission to advance research and advocate for equitable policies underscored the need for an accounting partner with deep not-for-profit expertise. Additionally, the organization required the ability to respond nimbly to a rapidly changing financial environment and ensure alignment among all team members.
Solution
A partnership with CBIZ provided the organization with client-focused service, quality, and thought partnership from day one. CBIZ leveraged its expertise in not-for-profit operations and its intimate knowledge of the organization’s financial landscape to implement a structured and transparent budgeting framework. They introduced Martus, a real-time forecasting tool that gave leadership clear visibility into department budgets. CBIZ consultants integrated themselves as an extension of the organization, actively participating in leadership, board finance and audit meetings, and full board meetings. They facilitated scenario planning, developed multiple budget scenarios, and offered actionable insights and collaborative ideation on cost-saving measures and operational efficiencies.
Outcome
As a result, the organization achieved the following outcomes:
- Streamlined internal processes, saving valuable time
- Enabled better resource allocation across the organization
- An increase in leadership confidence, clarity, and cohesion in decision-making
- Expanded scenario planning to prepare leadership and the board for multiple future outcomes
- Strengthened both day-to-day operations and long-term strategic planning
- Received tailored solutions and enhanced organizational structure
- Achieved improved operational efficiency
- Established CBIZ as a trusted, critical partner in the organization’s success
| Company Information | |
|---|---|
| Industry | Not-for-Profit |
| Entity Type | 501(c)(3) |
| Geographic Footprint | National |
| Number of Employees | 17 |
| Annual Revenue | $1.2 Million |
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