In this episode of SILosophy, Tania Gomez welcomes Josh Byron, Co-Founder of Spendable, to discuss the complexities of managing client funds in SIL homes. With his background as a SIL provider, Josh shares key insights on financial transparency, risk management, and the role of assistive technology in empowering participants.

Episode Highlights:

00:00 – Welcome back to SILosophy with Josh Byron from Spendable

02:30 – Josh’s journey from running a SIL service provider to founding Spendable

04:50 – Why managing client funds in SIL is an unspoken burden on providers

08:20 – Major financial risks for SIL providers & the impact of missing funds

12:10 – The dangers of using cash & manual record-keeping – high risk of errors & compliance issues

15:45 – How lack of transparency can lead to financial mismanagement & potential fraud

18:30 – Why business expense tools don’t work for client funds & create accounting complications

21:15 – How Spendable helps providers and participants by offering secure, transparent money management

24:30 – How financial independence improves participant choice & control

28:00 – The future of SIL financial management – technology, automation, and capacity-building

30:20 – Final thoughts: Why every SIL provider needs a secure, compliant money management system

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