Parent Network

Headline: Greater Financial awareness
Company Name: Parent Network
Company Profile: Parents Network is a UK based, self-help organization, which offers non-judgmental confidential and independent support to people who share similar experiences. It provides the opportunity to be listened to for those living with the memories and feelings
Turnover (GBP): 500,000
Staff: 20
Software: Resource 5 by Mondas
Brief: Comprehensive Review and Enhancement of the Accounting System

1. Review and Report on the Existing Accounting System:

  • Analyze the current accounting system, including module setup, company parameters, and any misuse or inefficiencies.
  • Identify areas for future development and propose actionable recommendations.

2. Implementation of Findings:

  • Develop a clear plan to implement the recommendations outlined in the review to optimize the system’s functionality.

3. Establish a Steering Committee:

  • Set up a dedicated steering committee to oversee the development and implementation of the new system.
  • Ensure ongoing monitoring and control of system enhancements.

4. Conduct a Training Needs Analysis:

  • Assess training needs to ensure staff are equipped to use the updated system effectively.
  • Collaborate with the personnel officer to design and deliver tailored training programs.

5. Review the Company’s Administration System:

  • Evaluate the company’s administrative processes to determine their capability to support the requirements of the new system.
  • Identify gaps and areas for improvement to enhance administrative efficiency.

6. Facilitate System Improvements:

  • Work with stakeholders to agree on necessary improvements to the administrative system.
  • Implement changes to align with the enhanced accounting system.

7. Revise Projections Based on Enhanced Information:

  • Leverage the improved system to update the company’s financial projections.
  • Ensure projections are aligned with the enhanced data and provide a solid basis for decision-making.
Value added to company: