Mission Statement. Overview. Cash-based accounting, financial management and impact reporting software tailored for non-profits and social enterprises

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1 Mission Statement To improve the accounting, financial management and impact reporting capacities of small non-profits and social enterprises by providing software, training, and support. Overview Cash-based accounting, financial management and impact reporting software tailored for non-profits and social enterprises Downloadable for free via where training is also available through YouTube training videos Available for Mac OS and Windows OS Currently an initiative of ADM Capital Foundation, a registered non-profit in the USA (501(c)3) and Hong Kong (Section 88) Rationale: o Lack of proper accounting, financial management and impact reporting from small NGOs and SEs across South & Southeast Asia o Increasing numbers of social enterprise organisations, but many lack appropriate accounting and financial management tools at the early stage of their ventures o As the Impact Investment industry expands, donors/investors increasingly look for accurate reporting and financial capacity preinvestment o Many small to mid-size non-profits, particularly in the developing world, lack the knowledge and capacity to utilize current accounting suites that are offered Core competencies: o Direct access and knowledge of the needs of the target users (via ADMCF and its partners) o Understanding of the need for cash-based accounting and lack of financial management in many non-profit and social enterprise organisations

2 Product Overview Powali is bundled software (JAVA, with SQL database) that includes three major components: 1) Accounting 2) Financial Management 3) Impact Reporting The entire software incorporates the following SAFE principles: Simple: the software is easy to use and requires minimal computer and accounting skills Accurate: the software incorporates automatic checks and balances to increase accuracy and facilitate internal control Functional: the User Interface is easy to navigate and the functions are intuitive Empowering: the software empowers users by indirectly teaching basic accounting and financial management concepts. Accounting: Cash basis: major accounting method that recognizes revenues and expenses at the time physical cash is actually received or paid out. Dual entry bookkeeping: however, users are not required to understand dual entry accounting concepts (i.e. Debits/Credits). Users are only required to select the transaction type (Revenue or Expense), then the related account (i.e. Salaries) and the cash account (i.e. bank account) that each transaction relates to. Tailored to the unique needs of non-profits and social enterprises: users are able to track income and expenses by units/activities AND by donor/fund sources. This ability is one of the primary distinguishing capabilities of Powali vs. other non-profit accounting software suites. The accounting component includes four major functions: Bookkeeping: users input revenues (money in) and expenses (money out) at the time of receipt or disposition. This function is known as Book It. Cash Transfers: where users input physical cash transfers from one cash account to another. This function is known as Transfer It.

3 Bank Reconciliations: where users reconcile all cash accounts per books with actual cash (i.e. monthly bank statement or petty cash counts). This function is known as Reconcile It. General Ledger: where users can review and modify entries made in the bookkeeping function. Users can sort by date range, type, etc. This function is known as Review It. In addition to the cash accounting functions, Powali also includes tracking capabilities for the following accrual concepts and lists for users who understand the concepts and wish to use them in addition to the core accounting system: - Employee Management (List and compensation info) - Bank Accounts (List for easy reference) - Advances (Asset) - Accounts Receivable (Asset) - Prepaid Expenses (Asset) - Inventory (Asset) - Property, Buildings & Equipment (Asset) - Deposits (Asset/Liability) - Accounts Payable (Liability) - Accrued Liabilities (Liability) - Donations in Kind (Revenue/Expense) Reporting: Cash Report shows past activity. Users are able to run according to their preferred criteria (i.e. date range, specific accounts, by donor, by cost center, etc.). The Cash Report is equivalent to an Income Statement in other accounting software, with additional features in POWALI for comparison to budget, etc. Note: The accounting function does not include a balance sheet report since the accounting method is cash basis (i.e. cash = net assets/retained earnings, and no balance sheet is applicable). Financial Management: The Financial Management component assists organisations with managing cash flows, budgeting and allocating resources. It includes the following functions:

4 Budgeting: the budgeting expenses function is based on the same chart of accounts that are used for accounting purposes (i.e. expense types will be the same and easily comparable to actual expenses). This function is known as Budget It. Forecasting: the forecasting revenues function is based on the same chart of accounts that are used for accounting purposes (i.e. revenue types are the same). The forecasting function is also based on Funds, the sources of projected funding. This function is known as Forecast It. Reporting: Lastly, the financial management component includes a Cash Projection report. The report is a projection to allow users to properly manage their cash flow and identify periods where cash may be tight or, worst case, nonexistent. Impact Reporting: The impact reporting component allows users to input criteria and metrics of their own choosing based on their specific impact reporting requirements and needs. It will also allow users to compare targets versus actual results. It includes the following functions: Targeting: the target function allows users to input expected/target impact by month and by unit. This function is known as Target It. Reporting: the reporting function allows users to input actual impact measurements by month and by unit. This function is known as Report It. Reporting: The impact reporting component includes an Impact Analysis to report actual impact versus expected including variances. History & Future Plans Past: The beta version of Powali has been completed for both Mac and Windows OS. The software has been reviewed and modified based on feedback from other experienced professionals in non-profit and social enterprise accounting capacities. Basic color scheme, logo and social media sites have been established for marketing purposes. Present: Powali is currently undergoing beta testing with 10 organisations. Adjustments and improvements are being made on an ongoing basis according to their feedback. Future: Once beta testing is complete, Powali will be distributed through intermediaries (i.e. foundations and other development organisations). Continuous upgrades and improvements will be made based on available funding. Software support will be provided by Synechron (the software developers) and training will be provided by ADMCF.

5 Sponsorship Opportunities 1) Sustainability Funding: a. Description: Support for user installations, configuration and user support for functioning on POWALI. i. Includes remote desktop support and web/screen sharing support via remote access. ii. Includes support for users in functional understanding b. Cost: $1,000 USD/month (sponsorship of 6 months or more is preferable) 2) Improvement Funding: a. Description: Product upgrades, code changes and improvements based on user s feedback. i. Includes changes to User Interface, functionality and reporting ii. Improvements made on an ad hoc basis according to user feedback and preferences b. Cost: $10,000 USD per round of upgrades (estimate). Final costs to be determined on an ad hoc basis based on user needs and quotations from software developers. 3) Growth and Expansion Funding: a. Description: Powali will ideally be spun out of ADM Capital Foundation into a separate entity based on funding opportunities. This would entail hiring full time staff (at least one software developer for improvements/support and one marketing/admin professional). This would also require audit services, company secretary services and marketing materials, etc. Revenue generating opportunities from expansion could include: i. Offering a cloud based software solution charging a monthly fee (code changes would be minimal, hosting would be necessary) ii. Training: fee based training sessions and seminars, remote training sessions (i.e. over Skype), etc. b. Cost: to be determined based on the funding period and business plan developed in partnership with interested funding/investing partners. Costs would be offset by revenue generating activities. CONTACT INFORMATION: RYAN GLASGO rg@admcf.org Phone: