Finance Recognition Week: Leadership Message from Megan VanderEnde
September 25-29 is TransForm SSO’s Finance recognition week. As part of celebrating this hardworking department and to mark this special week at TransForm SSO, we’re sharing a message from Megan VanderEnde, Director of Finance.
A Special Message from Megan:
Over the past year, there have been a lot of changes in the Finance department and a lot of new faces joining us. I am very impressed by the way you have jumped right in and the way our more seasoned employees have done a great job of embracing you, bringing you up to speed and filling in any gaps as you onboarded, so that can’t be celebrated enough.
You, as a team, were able to manage the status quo despite the challenges presented by the pandemic, kept vendors and employees paid, and our financial reporting on point and up to date. Approximately 228,000 invoices were paid in 2022-2023 by Accounts Payable, worth about $749M, an incredible accomplishment, and the positive feedback received from customers and vendors is a great indicator of your high level of customer service.
As a support system behind the scenes, members of our Finance team came into the office each week to make sure vendors – and staff – were paid during the pandemic and I appreciate your dedication.
We balanced our budget for the year, which was no small task, and are trending favourably with a small surplus in this fiscal, which is a testament to wise spending as well as finding additional opportunities. We have gotten creative about what other value we can bring to the health system and in doing so, have been able to see a bit of revenue generation from it, which also needs to be celebrated.
For the future, we will be looking at how to help our employees better understand what finance in a non-profit looks like and what it means when we say we are owned by the hospitals. In the advent of OHTs, we will also be asking how can TransForm provide some of that back office support, and what would that look like for us down the road.
As we undergo a huge ERP RFP, we will also focus on what TransForm looks like now and in the future, and our role as the Finance team.
I am pleased to celebrate all you have accomplished, your dedication and your team work and look forward to the future. Thank you!
Sincerely,
Megan