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    Success Story

    Cambodian Children's Fund

    Baker Tilly delivers the reporting requirements for Cambodian Children’s Fund’s different stakeholders.

    Background

    Founded in 2004, Cambodian Children’s Fund is a non-profit that provides life-changing education, nourishment and healing to vulnerable children from some of Cambodia’s most destitute communities. Cambodian Children’s Fund cares for more than 2,000 students and 10,000 people annually, providing to entire families and communities in crisis. For the children of the Steung Meanchey area of Phnom Penh, education is their lifeline out of poverty and Cambodian Children’s Fund offers an award-winning education aimed at providing hope, opportunity and security.

    Previous accounting challenges

    Cambodian Children’s Fund was outgrowing its existing financial software. They were always running three weeks behind on their financials and this led to wasted resources and poor reporting/metrics. Cambodian Children’s Fund needed a cloud-based accounting solution that could:

    • Manage their projected growth
    • Reduce their dependency on Excel spreadsheets
    • Provide complete transparency to their donors
    • Deliver up-to-date custom reports and dashboards
    • Support users in both Cambodia and the United States

    Delivering up-to-date custom reports to Cambodian Children’s Fund’s donors was the main driving force behind the search for a new accounting software system.

    After implementation and running our financials in Sage Intacct, Baker Tilly delivered on all their promises.

    Mike Griffiths, Project Manager
    Cambodian Children's Fund

    Benefits realized after Baker Tilly

    Cambodian Children’s Fund chose Baker Tilly to implement Sage Intacct, a cloud-based accounting software solution. Baker Tilly enabled them to significantly improve accounting processes (no more tedious Excel spreadsheets) and deliver complete transparency to their donors.

    Financial transparency is a common concern for many not-for-profit organizations. In addition, many stakeholders and donors have different reporting criteria and custom reports have to be constructed. Sage Intacct’s Dimensions feature met the reporting requirements for Cambodian Children’s Fund’s different stakeholders and provide complete transparency across the organization. Since Baker Tilly's implementation, they have:

    • Improved the monthly reporting cycle to provide timely reports within days of the month-end
    • Simplified and streamlined key accounting processes
    • Improved overall efficiencies because transactions are now done online with up-to-date data
    • Increased competence of accounting transparency and ability to track spending
    • Managed spend better to stay in line with income

    Baker Tilly enables the transparency Cambodian Children’s Fund needs and the opportunity to grow their organization without worry that they’ll outgrow their accounting solution.

    Explore more

    Baker Tilly curates, integrates and optimizes the right technology stack for your organization. We layer in our own proprietary “last mile” solutions. And we offer these technologies either via a Software-as-a-Service delivery model, where your own Finance function manages the day-to-day use of the technology or via a Finance-as-a-Service delivery model where we run your accounting operations and provide the outcomes you need.

    Here are some additional resources that may help you find solutions for your challenges. Or schedule a discussion to go over your needs and goals now.

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