We helped charity fund to develop a cost-cutting plan
The client faced a significant decrease in revenues inflow as a major sponsor halted its support.
The MCG team benchmarked financial reports to similar enterprises and developed preliminary hypotheses. Next, we interviewed the employees in order to identify key areas for cost cutting and ran expert interviews with other charity funds. The result of this effort was a detailed business plan with financial targets. The plan included organizational redesign recommendations, e.g. head count, current service contracts renegotiation strategy, outsourcing of non-core functions plans.