This post was originally published on The FinTech Times
Street Child, an international charity dedicated to getting children into education across 15 countries, has transformed its financial operations using cloud accounting software from Aqilla. The move has enabled the organisation to manage multi-currency funds more effectively, meet complex donor reporting requirements, and gain real-time visibility over its global finances.
Headquartered in the UK with 15 offices worldwide, Street Child operates in some of the world’s lowest-income and most disaster-affected countries, including Afghanistan, Ukraine, and Somalia. Following several mergers in 2018, the charity faced challenges with fragmented financial processes and a lack of visibility over local operations, often relying on spreadsheets.
A tailored cloud solution for complex needs
As the charity expanded, off-the-shelf accounting tools proved insufficient for its specific project and fund accounting needs. Street Child implemented Aqilla to create a unified, cloud-native platform tailored to its requirements.
“Aqilla gives us the detail and flexibility we need to track every pound raised and show donors exactly where their money goes,” said Dave Smeath, senior manager, programmes finance & operations at Street Child.
A key feature of the new system is flexible, donor-specific reporting. Every transaction is tagged with donor, project, and budget-line codes, allowing for granular tracking of expenditure. This capability is crucial for
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