case study

Selection and implementation of a financial system for a non-profit organization

industry

Communication Services

Services

Companies

Scope

Selection and Implementation of the finway Financial System

Challenge

Outdated tool without approval processes.

The hierarchies were very flat or nonexistent. There were few approval processes, and flexibility was lacking. The existing tool was neither user-friendly nor easy to use, and it lacked a simple user interface. The switch from the existing tool to finway meant changing a core component of business processes. The unique organizational structure and the required freedom posed a challenge when setting up the appropriate approval workflows.

Solution

Customized tool selection and full implementation.

Search for and select a tool with customized approval features to meet organizational requirements, particularly as a registered association in Germany

Impact

All requirements met; compliance ensured.

The transition from the existing tool to finway was successfully implemented. All of the organization’s stated requirements were met. The use of shared credit cards was discontinued, thereby reducing the risk of fraud and ensuring compliance with regulatory requirements.

Chief Financial Officer

"Through our project-based collaboration with torq.partners, we were able to find and implement a user-friendly financial system that fits our unique organizational structure."

Chief Financial Officer

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Florian Blaschke

Managing Partner

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