Sage Intacct for Nonprofits

Accounting for nonprofits can be tricky. There are different sources of revenue or funding. Payroll includes salaries, wages, stipends, and variable hours. Expenses are divided by program, profit, or initiative. It’s quite a list.

The good news is that Sage Intacct can address these issues, and much more. It’s an advanced system that supports all your nonprofit’s requirements. In addition to all its own features and functions, it’s designed to support multiple integrations that provide dedicated services, like payroll and grant tracking.

Dashboards generate reports that analyze real-time data, for example, business performance by business drivers. You can also generate reports that dive into specifics, so you can really understand the intricacies of your nonprofit’s financial well-being.

As an accounting platform, Sage Intacct increases visibility and transparency, ensures audit-readiness and regulatory compliance, and boosts productivity and performance by automating and accelerating time-consuming processes, leaving your staff free to focus on service delivery.

Sage Intacct has features that simplify many complex accounting processes and increase accuracy across the board, even managing multiple locations and scaling to accommodate new projects.

You can track performance using tags or dimensions, for example, tracking financial activity by fund, grant, program, location, and donor. The system also enables you to monitor rather important data, especially from your board’s point of view. This includes restricted funding, grant spending, and compliance reports.

These features make it much easier for nonprofits to manage grant lifecycles. For example, providing insights into program efficiency.

What’s more, real-time reporting enables you to respond quickly to queries, using the most current data.

Yes, it can. Sage Intacct can integrate with a variety of other financial systems. Some of those most essential to operations include payroll, fundraising platforms, donor CRMs, and expense management.

The primary purpose of these integrations (other than to provide as comprehensive a service as possible) is to connect systems and facilitate the smooth flow of interdepartmental data. They typically incorporate automation, which is fantastic because it pretty much eliminates manual processes, especially time-consuming tasks, such as data entry. Automation also reduces the risk of human error and all but guarantees accuracy.

The result is a system that ensures data is consistent and presents a clear picture of how donations, grants, payroll costs, and program expenses align with outcomes. This is all key to more insightful decision-making.

TydeCo™ is a certified Sage Partner. So, when it comes to Sage Intacct, we’re implementation and integration experts. We also have finance professionals who specialize in industry-specific accounting. That means your outsourced finance team is intimately familiar with nonprofit financial requirements.

We don’t deliver solutions from on high. No, we work with you to ensure your system is tailored to your nonprofit. For example, we collaborate to configure fund accounting structures, dimensional reporting, dashboards, and workflows so they meet your mission’s goals and are absolutely regulatory compliant.

We mentioned our status as integration specialists above, and we’re not exaggerating. Our integration wizards design and implement integrations between Sage Intacct and payroll, fundraising, and CRM platforms. This provides you with a single source of truth that enhances accuracy and, by association, efficiency.

And, don’t worry, thanks to our scalability capabilities, we’ve got you covered if your organization grows, adds new areas of focus, or otherwise evolves.

One of Sage Intacct’s most useful features is real-time reporting. It’s these real-time updates that improve transparency. This is largely due to the improved accuracy that provides meaningful insights into how funds are used. This includes specific uses, like program performance and initiative-related costs.

Intacct’s centralized platform and API-enabled integrations ensure consistency in reporting, which, among other things, can demonstrate accountability and responsible leadership to donors, boards, and regulators.

Dashboards provide data in easily digestible, bite-sized pieces that are largely visual, like charts. This makes it far easier to communicate outcomes to stakeholders.

In the end, Sage Intacct plays a leading role in building trust between your organization and stakeholders, which is the best way to keep your mission-driven work on track.