Hi Amanda,
This is such a valuable initiative—thank you for opening the floor. At <strong data-start=”268″ data-end=”277″>Mazlo, we support a wide range of nonprofits and fiscal sponsors navigating operational uncertainty, and we’ve seen a few critical financial actions that complement the original 12 steps:
<strong data-start=”461″ data-end=”522″>13. Operationalize Compliance Through Workflow Automation<br data-start=”522″ data-end=”525″> It’s not enough to <em data-start=”544″ data-end=”552″>intend compliance—nonprofits need systems that enforce it. Embedding controls into fund disbursement, approval chains, and documentation ensures audit-readiness without overburdening staff. Especially important in this regulatory climate.
<strong data-start=”786″ data-end=”844″>14. Centralize Visibility Across Programs and Projects<br data-start=”844″ data-end=”847″> Disparate tracking by spreadsheet or siloed bank accounts can hide risk. We recommend real-time dashboards that show cash flow, encumbered funds, and available balances across restricted and unrestricted buckets—so leadership can make informed, confident decisions.
<strong data-start=”1114″ data-end=”1186″>15. Build Financial Resilience Through Infrastructure, Not Just Cuts<br data-start=”1186″ data-end=”1189″> While cost reduction is tempting, strengthening internal financial infrastructure (like fund accounting systems, integrated reporting, and card controls) creates resilience. These improvements often <em data-start=”1388″ data-end=”1394″>save money by reducing errors, fraud risk, and manual overhead.
Happy to share more insights from our work if helpful—appreciate everyone’s ideas here!
Warmly,
Femi
Mazlo
Fiscal Sponsor Partnerships