"FinancialForce has allowed us to work harder and smarter. Having instant access to real-time information has made the management team more proactive, using reports to trigger the right conversations instead of acting when it’s too late. We can now manage and engage with each other more closely and in more effective ways."

Jawed Neshat, Head of Finance, Restless Development

Restless Development is the youth-led international development agency, putting young people at the forefront of change and development. A charity operating in ten countries across Africa, Asia, the UK and US, with a network across the world, they focus on healthy and safe sexual lives and decent livelihoods. Key to their philosophy is young people being involved in the decisions that affect their lives. They listen to young people, their work is led by young people, and together they help young people make lasting change in their own communities.

Over the past 30 years, Restless Development’s programs have reached over 7 million young people directly and indirectly. Their vision is young people taking a leadership role in addressing the most urgent issues facing their countries and the world, supported fully by their governments, their communities, businesses and civil society institutions.

136% growth in just five years, led Restless Development to look to a cloud based accounting solution.

Products in Use: FinancialForce Accounting

Company size: Medium

Previous system: Pastel

Location: London, UK

Industry: Nonprofit

AppExchange Rating: AppExchange rating 5 stars
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Business Issues

  • Each country program had separate software for bookkeeping
  • No view on overall financial health of projects–2 month lag for transactions to hit global picture
  • No remote access to financial systems
  • Institutional donor requirements hard to meet–manual report building was error-prone and delivered late
  • Decisions often based on outdated information

I am a regular visitor and user of the FinancialForce Community and find it a really useful resource. It is nice to think there is always someone else trying to do the same thing as you who you can ask for help.

Jawed Neshat, Head of Finance, Restless Development

Benefits & Results

Streamlined Operations

  • Global Consolidation: A transaction entered in Nepal shows immediately on balance sheet in London
  • Tighter Controls: customized workflows and automated approvals across business ensures appropriate access/editing rights
  • Doing more with less: Efficiencies gained has meant less need for additional resources
  • Peace of mind: Now confident all invoices have been charged to the correct donor or project at month end using FinancialForce Accounting

Smarter Decisions

  • Real time reporting, real time decisions, and smarter donor strategies
  • Can now see what’s working to secure biggest donations and replicate across countries and programs
  • Account management now easily produced and consolidated. Time freed to make smarter operational decisions and not spent on re-forecasting and looking back
  • Ability to make future projections has helped both unrestricted and restricted revenue
  • End of the year position is now predictable with controls such as deferred revenue dashboard–can plan where in community to donate spare money

Time is Money

  • Month end close reduced from 15 to 10 days with a target to make this 5 days
  • XL add in has eliminated duplicate data entry–saving time and money
  • 2 or 3 audits undertaken annually and with ease thanks to FinancialForce audit trails

I have discovered and received advice on using new functionalities, such as permission sets, which we will look to implement to further enhance our use of the FinancialForce Accounting application.

Jawed Neshat, Head of Finance, Restless Development