The transition to Wolf & Company has been seamless, they really feel like part of our internal team. Together we immediately implemented accounting and finance solutions to manage healthcare costs for employees and enhance board communications.”

Challenge

The BPLF is a small but driven and passionate team. Their budget did not allow for the team to hire an accounting professional, and their operations expert was handling their finance functions. That meant the organization was dealing with a capacity strain – BPLF did not have adequate segregation of duties to ensure internal controls on their F&A function. Plus, BPLF needed their staff to focus on revenue growth and fundraising, not F&A. Without an accounting professional on hand, BPLF was missing out on opportunities for potential growth.

Solution

Wolf’s Outsourced Accounting Solutions team was able to relieve BPLF’s capacity strain by taking on their F&A function for a fraction of the price of a finance and accounting department. Wolf’s emphasis on communication, customization, and cooperation ensured that the BPLF executive director received regular reviews of financial data. This allowed them to make informed decisions based on data in real time. Additionally, our OAS team implemented cross-functional budgeting processes, created a monthly close checklist, and continues to complete an efficient monthly close with reporting on the current budget. The team offers financial planning and analysis incorporating board feedback and has implemented cost-saving strategies for benefit plans at BPLF.