Freeing up more resources for vital frontline activities has never been more important
When it comes to procurement spending and the cost of business transactions, many charities, research foundations and other non-profit organisations are missing out on savings and a wealth of benefits. And this really matters as you try to direct the greatest share of your income into your core activities by reducing the costs of how your organisation operates.
The devolved, disparate nature of the sector brings its own challenges. Many organisations still rely on time-consuming and error-prone manual systems for procurement and oversight. It's often impossible for executives to get an organisation-wide picture of spending, prices, contracts and suppliers. Devolved purchasing of goods and services outside of agreed supplier contracts can lead to greater costs and risks.