MDI Consulting is a small consulting firm that serves nonprofit service organizations that seek to improve their managerial and financial productivity. Since 1985, we have worked with hundreds of nonprofits to strengthen internal controls, tighten control over expenditures, maximize investment of financial resources, train and mentor financial staff, ensure that all revenue is collected and recorded.Our flexible consulting arrangements provide nonprofit organizations with high level assistance when they need it in order to ensure that financial systems, procedures, and software reflect best practices and conform with accounting standards. Our wealth of experience – more than 20 years working with non-profit organizations and small-to-medium-sized businesses – enables us to diagnose complex problems, identify practical, comprehensive solutions, and guide in their implementation. We can identify short-term cost savings that provide you with the resources to analyze your long-term strategies and business processes and then help you to refine and implement those strategies.
MDI works in three interrelated ways that bring hands-on financial and organizational expertise to your organization.
Financial Consulting
MDI Consulting provides short-term targeted consulting services that include:
Design and installation of accounting systems:
analysis of needs
selection of software that is appropriate for organization’s activities, size, history, resources, and goals
review and modification of the chart of accounts
development of financial reports for program staff, senior management, board and finance committee, and funders
implementation, troubleshooting and refinement of the accounting system
Audit of financial management procedures
Improvement of accounts receivable procedures
Recommendations for and implementation of treasury management practices that maximize your organization’s return on working capital
Preparation of workpapers and schedules for annual audit
Development of Financial Policies and Procedures Manual—documenting fiscal policies and establishing internal controls
Creation of grant and contract management systems to ensure compliance with requirements established by funders
Interim CFO Services MDI provides outsourced CFO’s so that you can hire seasoned financial management expertise without paying for a full-time or permanent CFO. Safeguard your financial resources, ensure your financial sustainability and protect your reputation with accurate financial statements.As your senior financial executive, MDI Consulting provides part-time CFO services or temporary CFO services for organizations seeking a new permanent CFO, including:
Supervision of bookkeeping and/or accounting staff to ensure the integrity and completeness of financial procedures
Review of financial records to spot trends and problems requiring attention
Preparation of long-range financial projections, aiding organizational planning
Presentation of financial information for internal or external reporting
Attendance at committee and board meetings
Carrying out of treasury functions, such as investments, management of working capital and overseeing of banking relationships
Evaluation and renegotiation of vendor contracts: telecommunications, technology, energy, audit firms, insurance, etc.
Preparation for annual audits and income tax returns
Telecommunications Consulting
Realize significant cost savings and enhance customer service through renegotiated contracts, analysis of expenses and more productive technology.Working in conjunction with its partner firms, MDI Consulting offers:
Review of recent phone bills to determine overbilling by vendors and identify possible refunds from local and long-distance vendors
Review and negotiation of local and long-distance service contracts for maximum savings
Recommendations for and installation of high-speed DSL, cable modem, or T-1 Internet lines
Installation of call billing systems, for significant savings and efficiency
Purchase and installation of telephone, data and cable hardware that improves customer service and facilitates efficient work
Helping nonprofits improve efficiency and cut costs since 1985.