BTQ Financial,LLC

Povolania

Opis pracovnej pozície

In 2001, a partnership of several non-profits organizations and financial professionals initiated an experiment that may well transform the field of non-profit financial management. The group raised over a $1 million in development capital from government, foundations, and individuals to establish BTQ Financial, a financial management firm that provides high quality, cost effective fiscal and accounting services on an outsourced basis to the non-profit sector.

BTQ’s purpose is to support the important and unique work of non-profit organizations, and complementary for-profit organizations. As the bar is raised in terms of fiscal accountability and at a time of scarcer funds, BTQ has developed a viable, cost effective and permanent solution to the expensive and challenging work of operating discrete fiscal departments for the tens of thousands of non-profits and other mission related businesses across the nation. The outsourcing option allows them to: 1) gain access to a higher level of financial expertise than they might otherwise afford; 2) avoid large capital investments associated with building and maintaining an internal financial department; and 3) focus on the core, revenue-generating competencies of their business.

BTQ offers a full suite of financial services developed to meet the needs and budgets of small- to mid-size organizations ($1 million to $50 million). Clients outsource their entire financial front and back-office functions – from CFO to Bookkeeper - to BTQ. Clients benefit from the economies that BTQ can offer through its centralized, shared-resource model of operation; in essence, they become subscribers to a “cooperative” where the staff and infrastructure are supplied by BTQ but are shared by multiple organizations, thereby reducing the overall costs to any one agency.

The BTQ package of services represents a long-term and highly flexible model of financial management, one that can grow and contract with the client organization, both in terms of size and technical requirements. In many fiscal departments, there is not a clear match of professional skills to the needs of the agency, primarily because it is generally not feasible to hire portions of people. Highly paid staff members frequently spend their working hours on tasks that should be done by junior staff. But the junior staff are the first ones to be eliminated when there are budget cuts. The BTQ model provides for the matching of staffing levels and expertise to the specific needs of the fiscal operations.

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