Over the years we have found that many of these organisations struggle with inefficiencies in their back office and have trouble with accurate reporting. Often, they are not sure what they should be reporting and make it more complicated than it needs to be.
In addition, there can be downward pressure on funding and upward pressure on costs and hence, it’s difficult to maximise the use of the funding they receive.
To maximise the use of your funding, you’ll need to identify your gaps and opportunities, and develop a plan to maximise the efficiencies, while still delivering your services.
On the surface this may appear to be a daunting task, however, it doesn’t have to be.
When you know how to assess your family and domestic violence support services organisation and obtain the data you need to develop a plan for sustainable growth, the complexity will disappear.
How to Conduct a Business Assessment
You’ll need to review all your critical finance and operational areas. This means assessing your key drivers, your systems, your team, your culture, your productivity, your capacity, your cash flow, your risk, and your opportunities.
With this data, you’ll be able to use your key drivers and unit costs to determine your budgeting requirements and cash flow forecasts.
Next, undertake business scenario modelling, to help determine the best decisions to make today, so you can achieve the goals you have set for the future.
In the process, you may decide to make changes to your back-office processes, implement software to improve efficiency, review job descriptions and even redefine roles of management.
Other critical things to consider are, how you can reduce waitlist times, identify new revenue opportunities, and how you can monitor your operations for quality assurance and continuous improvement.
There is quite a bit to be done, to build a sustainable business that can service more people than you do today.
So, if you don’t have the capacity in house for this undertaking, you may consider engaging a Not-for-Profit and NDIS Provider business transformation specialist to assist you.
Making your family and domestic violence support services organisation stronger financially, achieving critical outcomes, and building a longer-lasting, more sustainable business is what we do – every single day.
Following our proprietary CINCH Transformation Program, we have achieved an average 7.4% uplift for the Not-for-Profit organisations and NDIS Providers we have worked with.
So, if you want to see how invested we are in a sector we service or have an interest in Early Childhood Intervention, we invite you to download a copy of The Early Years 2020 ECI Benchmarking Report.
This report is a great place to begin. The information in this report, will allow you to compare your organisation to industry benchmarks, and help you identify areas performing well, and those needing improvement – the basis of great decision making!
To maximise the use of your funding, you’ll need to identify your gaps and opportunities, and develop a plan to maximise the efficiencies while still delivering your services.
We look forward to talking with you soon.
Until then, all the best.