The nonprofit environment is more challenging than ever before. Today’s nonprofits are expected to improve efficiency, reduce costs, and provide financial transparency, no matter their size. At the same time, accounting and funding streams are increasingly complex, with even the smallest nonprofits expected to accurately track and report on funds, grants,
programs, and more. And most nonprofits are handling these challenges with limited staff and resources.
The right financial management system can help you address these unique challenges by automating processes, improving management control, and increasing financial transparency. Leveraging the power of cloud technology gives you the flexibility and visibility you need to achieve your mission.
Chart of Accounts
The structure of many accounting solutions results in a chart of accounts that is inflexible and complicated – and unsuited to the complex needs of a nonprofit organization, where you may need to track and view transactions by multiple dimensions. A cloud-based solution like Sage Intacct allows you to set up a flexible, logic-based chart of accounts with the ability to categorize transactions by multiple dimensional attributes. The result is a streamlined chart of accounts that saves your finance team time.
Reporting and Compliance
To make the strategic decisions that drive your success, you need real-time data, in a format that allows you to quickly see critical trends and important metrics. And in a changing compliance landscape, you need the ability to produce compliance forms and regulatory reports quickly and easily. Many accounting platforms only offer look-back reporting and require cumbersome manual processes for compliance tasks.
Sage Intacct gives you the visibility you need, with real-time data and flexible reports that you can customize to meet the specific requirements of your organization. You can filter and organize data the way you want and build reports in the format that makes the most sense for the audience, whether it’s staff, donors, your board, or executives. In addition, Sage Intacct makes it easy to produce a full range of compliance reports.
Sage Intacct can help you go beyond financial information to a new strategic level. Real-time dashboards allow you to incorporate financial metrics, key performance indicators, operational outcomes, and other critical information into one snapshot. You can format role-based dashboards with the charts, graphs, and information applicable to the user. And using dashboards to pair financial performance information with information about program outcomes can paint a powerful picture for your stakeholders.
Sage Intacct can give you a sophisticated solution that was once available only to large nonprofit organizations. Want to know more? Call MicroAccounting today at 855.876.3773.
Want to know more about how Sage Intacct saves time and money? Give us 20 minutes. Join us for a short webinar, April 23 at 1pm. Who know, you may even be the winner of a Chromebook at the end.