What is the Nonprofit Finance Digital Transformation Tipping Point?
This post was originally published on the Sage Intacct Blog 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…
How COVID-19 Changed Nonprofit Accounting: Industry Experts Weigh In
This post was originally published on the Sage Intacct Blog 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,…
Accounting in the Cloud: A Customer’s Perspective
This post was originally published on the Sage Intacct Blog 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,…
Tips for Achieving a Paperless Nonprofit Audit
This post was originally published on the Sage Intacct Blog 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…
What’s New in Sage Intacct 2021 Release 3
This post was originally published on the Sage Intacct Blog 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…
Tips for Getting the Most from Attending Sage Transform
This post was originally published on the Sage Intacct Blog 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…
Nonprofit CFOs Should Peer Through the Lens of Futurism
This post was originally published on the Sage Intacct Blog 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…
10 Tips for Sharing Nonprofit Financial Information with Any Audience
This post was originally published on the Sage Intacct Blog 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…
Building a Business Case for AP Automation
This post was originally published on the Sage Intacct Blog 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…
The Top 5 Obstacles Slowing Down Your Close
This post was originally published on the Sage Intacct Blog It’s 8 p.m. and your finance team is scrambling to close the books. They skipped dinner yet again to work on another round of last-minute reconciliations so they can tie out the balance sheet numbers. Closing the books at the end of a financial period…