Audit Preparation Time Reduced by 25%
The Dairy Farmers of Wisconsin (DFoW) is a nonprofit organization funded entirely by Wisconsin's dairy farm families. Their goal is to increase the sale and consumption of Wisconsin milk and dairy products. DFoW is farmer-owned and farmer-directed.
The amount of time and staff resources used in preparing for DFoW’s audit was extensive. “With SVA’s help we were able to reduce audit preparation time and paper work by 20-25%. SVA was able to utilize existing work papers which reduced the amount of time our board and staff spent compiling data.” stated the Dairy Farmers of Wisconsin’s Senior VP of Finance and Administration, Jessica Rogers-Heintz .
This preparation process reduced the overall time the SVA audit team spent with DFoW from 5 days to 2 days. “SVA is a partner to us. They want us to be successful. They work with us to find ways to reduce our costs and make improvements in our processes that help us reach our financial goals,” continued Jessica.
In addition, members of the Dairy Farmers of Wisconsin regularly attend SVA’s nonprofit educational events. They estimated these SVA Business Briefings save them approximately $2,000 each year in education costs when compared to other expensive seminars attended in the past. Rogers-Heintz commented. “We’ve found the SVA educational opportunities to be very valuable by keeping us in compliance with changing laws and helping us to improve our business operations”.