CONCORDIA is an independent nongovernmental and non-profit organization supporting children, young people and families in difficulty in Romania for an independent and responsible life. For 32 years, they have been working on social projects and in poor communities to help those who live here to build new life stories.
Through family-type homes, day-care centers, schools and social housing in Bucharest, Ilfov, Dâmboița and Prahova, they help children and young people to regain their confidence, develop and start a new path towards an independent life. CONCORDIA helps more than 2,000 people every yea
CONCORDIA Romania relies on financial solution Infor SunSystems to manage the entire finance and reporting processes, including budgeting. CONCORDIA has complex requirements and needs for detailed and flexible reporting to all of its donors, financial institutions, partners and authorities, as well as to CONCORDIA International.
The reason for implementing the SunSystems solution was to easily deal with detailed needs for trial balance by donors, complex budget checking, and other requests to cover multiple accounting needs for both local authorities and corporate standards. The implementation also helped to resolve double entry workload; it removed data storage in large Excel spreadsheets, and CONCORDIA now has all in one system in one database.
„Infor SunSystems saves us a lot of time, reduces information re-keying and speeds up our complex reporting. We managed to significantly shorten the period for releasing donors’ reports. The new system’s budgeting functionalities enable us to do more accurate forecasting and budgeting. The owners now have a better overview of overall expenses and income. We can count on LLP consultants in every aspect, they are always very helpful and responsive to our needs,” says Cornelia Trandafir, Financial Manager at CONCORDIA Romania.
LLP Group implemented SunSystems version 6.4 (Accounting module & Fixed Assets) together with BI tool Infor Q&A and LLP’s Bank Payment System which handles the generation of payments and automates the reconciliation of bank statements. Today’s LLP continues to support CONCORDIA with the more complex forecasting and budgeting reports.
More about CONCORDIA at https://www.concordia.org.ro/
January 2024