Finance News: Financial system aids MAF in Africa

Mission Aviation Fellowship has adopted a multi-currency accounting and management system for its transport relief operations in the UK and Africa.

The not-for-profit organisation has a fleet of more than 130 aircraft and 41 bases in Kenya, Madagascar, Tanzania, Uganda and South Africa.

It provides support and relief supplies to 600 Christian and humanitarian organisations on the continent through its teams of pilots and communications specialists.

The PS Financials system has enabled MAF to reduce its costs and streamline information across the organisation, and has allowed offices to make financial reports in local currencies, which is often a requirement of local governments.

Ken Taylor, chief finance officer at MAF, said the multi-currency system was a major benefit. "We are producing our management accounts in US dollars, but all our international offices need to be able to record transactions in local currencies. We also receive monies in various other currencies on a day-to-day basis from international customers."

Taylor added: "We also like the fact that we are dealing directly with the software authors, which means we potentially have a fast speed of response to any queries."

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