Implementing an international standard financial accounting system

Sembrandopaz is a Colombian nonprofit dedicated to facilitating a culture of peace among grassroots organizations, with the goal of supporting integral and sustainable human development processes in the Caribbean region of Colombia. Sembrandopaz requested a Capstone team to help update an outdated financial accounting system that did not adhere to international accounting standards—a requisite to attract global funding. The Capstone team implemented robust financial management procedures, assessed Sembrandopaz’s financial software needs, and identified a suitable financial software platform. In addition, the team researched best practices and standardized Sembrandopaz’s financial management policies and procedures.