Audere Analytics applied to a charity's foreign exchange and cash: rate verification, a record of every payment, and a monthly statement a trustee can read.
In detail
[DRAFT] Not approved for publication. Every figure, saving and comparative statement below needs compliance sign-off.
The same analytics, pointed at charity payments
Audere Analytics is the platform Audere uses to price, check and report currency and cash positions for funds and corporates. For a charity it is pointed at the two things a finance team needs to see: what each payment cost, and what is sitting in each currency. [CONFIRM Q11]
Rate verification
Every rate is compared with an independent market benchmark taken at the moment of the payment. The result is a number in pounds, not an opinion. [CONFIRM Q11]
A record of every payment
Date, currency pair, amount, rate, benchmark, cost, provider and reference, for every payment, kept in one place and exportable. [CONFIRM Q11]
Monthly statement
One page a month: what you paid, what it cost against the benchmark, and what changed. Written to be read by a trustee, not only by a treasurer.
Annual report
An independent annual record, for trustees and auditors, of what was paid and what was verified. [CONFIRM Q3]
What it costs
Nothing to the charity. The analytics are part of the service. [CONFIRM Q4]
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