Overview

The Diocesan Development Fund (DDF),the financial arm of the Diocese of Parramatta, supports mission-driven programs through strategic investment and lending. As DDF’s portfolio grew in size and complexity, manual spreadsheet-based processes began causing measurable inefficiencies: slowing operations, increasing risk, and limiting visibility into liquidity and performance. To support more agile and compliant treasury management, DDF turned to GTreasury.

Challenge

DDF’s treasury team faced time-consuming, manual workflows across investment tracking, interest accruals, and month-end reporting. Spreadsheet formulas and fragmented data sources introduced unnecessary risk and made it difficult to provide audit-ready reports or make timely strategic decisions. The team needed a solution that could:

·        Automate time-intensive tasks across investment and reporting processes

·        Centralize data for full visibility into liquidity and maturities

·        Shorten the month-end close process and reduce audit prep time

·        Strengthen controls and reduce operational risk in a regulated environment

Solution

DDF selected GTreasury for its intuitive platform, rapid deployment, and ability to automate the full investment lifecycle. The GTreasury professional services team supported a clean, phased implementation from data migration and workflow configuration to automated reporting and dashboard development.

GTreasury solutions deployed:

• Liquidity Management: Consolidated all investment activity into a centralized dashboard with real-time visibility across cash, maturities, and liquidity drivers
• GSmart Ledger: Automated interest accruals, reconciliations, and journal entries for 50% faster and more accurate monthly reporting
• ClearConnect: Streamlined integration with accounting systems and audit tools, eliminating 90% of manual spreadsheet work

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Results

Quantifiable Impact

• 20 to 30 hours saved per month by automating calculations, reconciliations, and reports
• Audit-ready reports now generated in under 60 minutes, down from 4-6 hours previously
• Near-zero manual errors thanks to embedded validations and system logic
• 60% reduction in month-end time, allowing the team to focus on strategic oversight

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Operational Benefits

• Real-time visibility into cash positions and upcoming maturities
• Increased accuracy and confidence in treasury reporting
• A single source of truth for financial oversight and complaince documentation
• Improved audit posture, with structured workflows and faster data retrieval

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“GTreasury gave us structure, control, and confidence. The time savings alone are substantial, but the real value is in the visibility we’ve gained. For any organization still using spreadsheets, the difference is night and day.”

-         Kaveen Jayawardena, Accountant at DDF

Looking Ahead

With a strong operational foundation in place, DDF is now exploring the next stage of its treasury evolution: expanding into cash forecasting and risk management using GTreasury’s integrated platform. The team sees additional opportunities to enhance agility, ensure compliance, and strengthen decision-making across its investment strategy.

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