Financial Management

Financial Management System

Local Guardians uses the Capital Guardians financial management system.  Capital Guardians manages individual accounts for thousands of aged care customers across Australia and has been operating since 2009.  Through an AFSL (financial license) the financial governance around personal expenses are kept secure in the name of the care recipient and do not have administration or cost burdens.  The service allows the provision of goods and services to individuals through an inexpensive cloud based paperless system that eliminates administration workload for suppliers and individuals.  Responsible persons obtain best practice control and governance oversight of all money flows, no matter how small.

The system benefits Care Recipients/Guardians, Care Providers and Suppliers, including:

  • “Real time”
  • Providers paid Fridays (no terms), after approval
  • Family portal with real-time statement
  • Mobile reimbursements
  • Debit cards with home care funds available
  • Provider search, in registration invitation
  • Link to Cabcharge individual Cabcharge card
  • Eliminates financial and administrative work
  • Direct debits and government subsidy allocation
  • Accounts payable automation, paperless approvalsTrust management and statement distribution
  • Easy access to purchase products and services
  • Clear audit trail of expenditure authorisations
  • Environmentally friendly, paperless system
  • Transparency for all expenses and ability to set financial limits
  • Automated trust balance “top ups” and notifications

Suppliers

The financial system allows suppliers of goods and services to individuals to grow their business in supplying care organisations.  Their administration and billing of individual clients is simplified, via one organisation – Capital Guardians – using a simple cloud based desktop or mobile system that will interface with any invoicing/accounting system.

Benefits include:

  • No investment required
  • No more invoicing separate clients
  • “Blast OCR Invoice ProcessingTM” web interface for multiple invoice upload from any accounting system – hundreds of invoices issued within seconds and paid weekly
  • Environmentally focused with mobile and desktop options
  • Invoice history and archiving features
  • Weekly eft payments
  • Eliminate debtors

Software benefits

  • Minimise admin & maximise governance
  • No consultants or integrations, cloud based
  • No upfront costs, small monthly fee per package
  • Handbook, care plan templates, legal agreements
  • Secure platform on desktop & mobile
  • Part of bigger network of peers and specialists: clinical, quality & finance