Financial rigour and compliance safeguards
The management of grants requires total discipline and a perfect mastery of the rules specific to each source. PFI Consulting provides a financial administration is flawless of your project, ensuring compliance, and facilitating relationships with donors.
Our Financial Management Services
- Implementation of accounting systems consistent
- Opening and managing accounts, dedicated
- Treatment of disbursements and payments,
- Management of cash and cash flow forecasts
- Monitoring monthly consumption budget
- variance Analysis and recommendations,
- financial forecasts and early warning
- Management of budget transfers
- Production of periodic financial reports
- Justification of expenditures with evidence,
- bank Reconciliations and accounting
- Preparation of disbursement requests
- Preparation of external audits
- Facilitation missionsaudit
- Processing of the observations and recommendations
- implementation of the plans ofcorrective action
Compliance, Multi-Donor
We understand the specific financial rules of :
European Union
- PRAG (Practical Guide to Contract Procedures)
- Rules ofeligibility for funding instrument
- Formats of reporting and appendices, mandatory
- Procedures for the expenditure verification (VFD)
United Nations
- The Harmonized Approach to Cash Transfers (HACT)
- Financial Reporting Standards of the UN agencies
- Procedures of micro-assessment
- the internal control Systems required
Other Donors
- USAID : rules ADS and CFR applicable to
- World Bank Procurement Guidelines
- AFD : management procedures and justification of
- private Foundations : requirements specific
Tools and Systems
We deploy solutions :
- Software certified public accountants (Sage, QuickBooks, Tompro)
- ERP Systems tailored to the project
- budget monitoring Tools real-time
- Platforms for document management, and secure
Principles of Management
Our approach is based on :
Segregation of duties : a clear Separation between commitment, validation, and payment
– to-end Traceability : exhaustive Documentation of all transactions
strong internal Control : verification Mechanisms at several levels of
Transparency : clear Communication with all stakeholders in
Advance : early Identification of potential problems
Management of Complex Situations
We manage effectively :
- Projects, a multi-donor with different rules
- Co-funding and in-kind contributions
- budget Transfers and amendments
- exchange Rate management and multi-currency
- financial Closure and final balances
Benefits for Your Organization
- Release time to focus on the technical
- Reduction in the risk of non-compliance
- Facilitation of audits and evaluations
- in Maintainingan excellent reputation with donors
- Maximization of the rate of justification of the expenditure
Training and Capacity-Building
In addition to our services, we offer :
- Training of teams in the financial procedures
- Coaching on management systems,
- Development of procedures manuals,
- Support to the implementation of internal controls