IDOs and NGOs: Empowering Finance to make an impact that matters
Discover why now is the right time to re-think Finance’s potential and role in the organisation
International Development Organisations (IDOs) and Non-Governmental Organisations (NGOs) are undergoing rapid change – technology and increasing digitalisation have triggered fundamental shifts in ways of working. At the same time, rising complexity and external uncertainties have prompted organisations to re-think their operating models and prioritise activities that achieve the highest impact. In addition, the Covid-19 pandemic has further accelerated the need for public private collaboration and cross-functional innovation.
For IDOs and NGOs, Finance faces rising expectations to address these challenges – both from an operational as well as strategic point of view. Cost efficiency, working capital optimisation, risk and liquidity management as well as financial planning and analysis remain core activities. But, empowered through automation and digitalisation, Finance is increasingly engaged to look beyond “business as usual” and provide relevant insights and capabilities for improved decision making.
What we are hearing from our clients
Through extensive conversations with our NGO and IDO clients, we have identified a set of common themes that reflect expectations on both the current and future state of Finance. Addressing these themes can be a starting point to re-think Finance’s potential and role in the organisation.
Moreover, the following findings from our recent Deloitte Finance Innovation Survey further contextualise and substantiate some of the key areas that Finance executives might want to focus on: