New research has found that more people would increase donations to charity organisations with expense management systems in place. A survey conducted by management platform group DiviPay revealed that 74 per cent of 18-30-year-olds said they would donate more, compared with 47 per cent of over-50s. More ACT residents (71 per cent) would also be more willing to increase donations to charities with an expense management system in place, compared with 63 per cent of South Australians and 58 per cent of Victorians.
The Autism Association of Western Australia (AAWA) claims to have benefitted from the platform, using DiviPay’s corporate card distribution, expense tracking and budget creation functions.
The AAWA uses the platform to instantly issue virtual cards to more than 70 caregivers, through its mobile app and online platform, for use in-store and online. Using DiviPay’s pre-approved budget and spending rules, AAWA can restrict merchants and transaction amounts and gain real-time visibility over spending.
This has enabled the organisation to prevent the misuse of funds and automate its expense reporting, saving its team 60 hours each month on manual expense management.
AAWA senior accountant, Keval Shah said the platform has been a gamechanger for its expense process. “We now have greater visibility over the use of funds, and our finance staff can work on forecasting and budgeting rather than chasing receipts and rectifying expense reports.”
DiviPay CEO, Daniel Kniaz said having a system in place that increases the visibility and transparency of an organisation’s finances can safeguard vital funds. “It also gives peace of mind to the public, corporate donors and Government agencies that funds are being used appropriately.”