Financial management and budgeting solutions to keep your organisation’s finances in check

When it comes to the success of an organisation, budgeting, and financial management are key aspects. You need to ensure that data is easily reconciled and kept up to date, that financial calculations are accurate, and that accuracy is maintained in real-time. It’s also crucial that reports can be generated with ease to monitor the […]

The role of communication in organisational planning and decision making

Making good decisions is essential for any organisation and communication plays a huge role in this process. In order to make accurate and timely decisions, it’s important communication is effective and data is accurately aligned. This means that everyone involved in the decision-making process has access to the necessary and relevant information, and can see […]

EAC: business automation the LightArc way

Most business owners love the idea of automated processes to make their lives easier and their businesses run more smoothly. However, they often don’t know where to begin or which company to engage to get started. One of the most important first steps in streamlining is finding a reputable and trustworthy automation provider who can […]

The new AN-ACC funding model – what you need to know

The aged care sector in Australia has long been underfunded, and the recent report by the Royal Commission into Aged Care Quality and Safety has only served to highlight this fact. The report found a severe shortfall in the amount of funding available to aged care providers, which has resulted in a failure to provide […]

Getting started with your response to the Royal Commission findings

When The Royal Commission into Aged Care Quality and Safety handed down its recommendations for reforming the Australian aged care industry, one thing was clear. And that the sector was long in need of an overhaul to ensure older Australians received an optimal level of care. Four key areas identified for focus were the need […]

Aged care providers face new challenges as a result of the Royal Commission

The Aged Care sector is facing new challenges in the wake of the Royal Commission into Aged Care Quality and Safety. The commission, which was established in October 2018, was tasked with investigating aged care services in Australia and identifying areas for improvement. A number of Aged Care service providers came under scrutiny, and in […]

Look forward to the future with more transparency

The aged care sector in Australia is a fast-growing market, with 16% of the Australian population being over the age of 65. With 148 of the recommendations made by the Royal Commission into Aged Care Quality and Safety having been accepted for implementation over the next five years at a cost of over $17 billion […]

A solution for financial management and reporting, but so much more too

Aged care is a critical sector of the Australian economy and society, and the standard of aged care services directly impacts the wellbeing and quality of life for many Australians. It’s therefore essential that the aged care sector operates in a transparent and accountable manner across all facets of operation. BlueCross, the largest aged care […]

Developing confidence and transparency in financial reporting for the aged care sector

In 2019, BlueCross, Victoria’s largest provider of aged care services, made the decision to work with LightArc to implement Board as a solution to improve their financial data management and reporting. Knowing that changes to the regulations governing the aged care sector were imminent and likely to be ongoing, it made sense to undertake the […]

Common financial reporting challenges facing aged care providers

Stringent financial accountability and reporting are just two of the many common challenges faced by aged care providers among a whole raft of changes coming to the industry in Australia. To help overcome these challenges, BlueCross, Victoria’s largest provider of aged care services, worked with Board and LightArc to overhaul its processes and procedures. This […]