Aligning Departments for Common Goals
In the many years working with service-based companies, there have been a number of common themes around an ‘us vs. them’ mentality within the office. In most cases, department goals and incentives are the root cause of these conflicts. Sales and marketing teams are pressured to drive more business, but the project managers feel like…
What is the Nonprofit Finance Digital Transformation Tipping Point?
In the digital age, good stewardship requires an overhaul of many manual, paper-intensive processes. By using technologies like cloud computing, artificial intelligence, and open APIs for integration, digital transformation empowers nonprofit finance teams to make data-driven decisions for greater impact. Recently, digital transformation was the topic of a presentation at the Nonprofit Finance Leaders Forum….
How COVID-19 Changed Nonprofit Accounting: Industry Experts Weigh In
To paraphrase the immortal lyrics of the Grateful Dead, “what a long strange trip this COVID-19 pandemic has been.” Though we’ve been living in the pandemic for a little over a year, for many of us, it feels like much longer. In the nonprofit industry, every organization has been impacted. Nonprofit finance teams had to…
Accounting in the Cloud: A Customer’s Perspective
Cloud technology is revolutionizing the accounting and finance industry, and it is gaining momentum. Recently, there was a webinar and panel discussion sponsored by Sage Intacct and hosted by IMA® (Institute of Management Accountants). The webinar included a panel discussion headlined by three Sage Intacct customers and finance leaders, including Elliot Goldman, finance director at Rapid Ratings, Melissa DuVall,…
Tips for Achieving a Paperless Nonprofit Audit
Nonprofit audits are one of the best ways to demonstrate transparency and establish trust and credibility with funders and donors. But, if your organization is not prepared for the auditor, it can be a tedious and time-consuming process. With the right technology, you can benefit from an entirely paperless nonprofit audit. Your organization will enjoy…
What’s New in Sage Intacct 2021 Release 3
We are now welcoming our third release of Sage Intacct in 2021! Our latest release reduces manual processes with automation and provides deeper support for our verticals. Some of the major highlights include: Save time reviewing journal entry anomalies with GL Outlier Detection Spend less time on reconciliations by automating transaction matching Save time on…
Tips for Getting the Most from Attending Sage Transform
We are less than 4 months away from Sage Transform — formerly known as Sage Intacct Advantage. Sage has expanded its annual conference to include more of the Sage Medium Segment product portfolio! Whether you’re new to the annual customer and partner conference, or a long-time veteran, we’ve broken down what you need to know to…
Nonprofit CFOs Should Peer Through the Lens of Futurism
When faced with a pandemic, the world shifted, changing long-held policies, social norms, and philanthropic practices that had been thought of as immovable — in many ways having a positive impact on the sector. How do we take that same spirit of change into the future and help ensure that communities in need aren’t left…
10 Tips for Sharing Nonprofit Financial Information with Any Audience
Financial reporting is a key work product of the nonprofit accounting team. Reporting delivers value in the areas of compliance, analysis, planning and strategy, and organizational transparency. Accurate, easy-to-understand reports and dashboards help instill confidence when you’re communicating with the Board and donors/funders. Recently, two of Sage Intacct’s top nonprofit financial reporting experts, Katie McCloskey…
Building a Business Case for AP Automation
Every year, North American businesses spend in the neighborhood of $187 billion on accounts payable (AP) processing. But innovative financial management tools are on the rise, and they come with lower costs and bigger payoffs. Top-performing companies are adopting solutions such as accounts payable automation (AP automation) to streamline payment processes while increasing efficiency and decision making for…