Focus on Your Strategic Outcomes with Nonprofit Accounting Software
Now more than ever, nonprofit CFOs, church Pastors, and Finance Directors need more time to focus on their outcomes and how to sustain positive growth in today’s new world. It’s no longer necessary to struggle with on-premises, disconnected financial systems. Find out how the nonprofit finance leaders at Covenant Church have achieved anytime, anywhere access and gone beyond Abila for their nonprofit accounting software.
Struggling with On-Premise Software’s Limitations
Covenant Church was previously using Abila and employed a full accounting department. Abila wasn’t sufficient anymore and with generational leadership changing, they needed to consider outsourcing and migrating to a best-in-class accounting solution. Abila’s on-premises implementation didn’t support their need for a native cloud solution. They had to piece together different hosted technologies over the years which resulted in inconsistent deployment, challenging upgrades, and expensive integrations.
Sage Intacct’s Reporting Automation Saves Time
“Before Sage Intacct, if we had questions we needed to go to Accounting and have them run a report. Now, the answers are at our fingertips. It has made our leadership team extremely self-sufficient,” said Brian Coleman, COO, Covenant Church. Click here to watch the full video.
With Sage Intacct’s dashboard functionality, it’s easy to add all the reports your leadership needs to see anytime, in real time. Covenant Church partnered with the nonprofit and church finance experts at AcctTwo to add customized dashboards where they easily track:
- mission funds (local, national, global),
- operating costs,
- budget to actual income, and
For a nonprofit or church in this age, it is so important to empower your finance leaders and pastors with information they need to be good stewards and demonstrate good outcomes. For example, you could create a report in Sage Intacct in minutes that compared weekly giving to the Pre-COVID average giving so leadership can see each week how giving is trending. The report is on their dashboard and all they do is change the date filter to get the information they need.
Your finance and nonprofit organizational leaders will also have the ability to drill down into specific transactions, right down to the invoice. In Abila, finance teams would have to run a report each time someone needed it, export it to Excel, and email it to them. And because Abila reporting is static, it only provides a point in time report.
Seamlessly Manage Multi-Entity and Fund Reporting
Most nonprofit, faith-based organizations, and churches need project balance reports and liquidity disclosure reports – both are easily run in Sage Intacct. Unlike with Abila, there’s no longer a need to download to Excel and manipulate the data to get exactly what you want. And because Sage Intacct has tight controls around reporting, it’s easy to allow employee users to drill-down into information without assigning them a business user seat.
Sage Intacct can handle multi-entity requirements natively in its environment. It is a game changer for churches and nonprofits that need that level of support. In addition, in Sage Intacct, transactions are recorded at the entity level, which allows you to pay with different checking accounts (i.e. by different entities) and gives you more control without the hassle of using an entirely different platform or stand up a separate instance of your accounting software to manage your many entities.
Solutions that Grow with You
Sage Intacct’s open API capabilities allow organizations to choose the best product for them. You aren’t stuck with out-of-the-box systems that might not work for you. You have access to the countless, best-in-class solutions found in the Sage Intacct Marketplace. With the open API, Sage Intacct allows third-party solutions the ability to sync directly into your Sage Intacct environment.
Department heads no longer have to prepare their budgets outside the system, requiring Finance to import back into the system of record with spreadsheets. With Sage Intacct, you have budgeting options with Martus and Sage Intacct’s new Budgeting and Planning module. This allows department heads to prepare their budgets, allows finance to approve them, and creates the budget inside Sage Intacct with a push of a button.
And if you’re hesitant to take the plunge, we understand that change is hard, especially since the world seems to be changing so much every day. You can do what Covenant did and outsource your accounting and church bookkeeping to a managed accounting services provider like AcctTwo. They have a nonprofit Finance-as-a-Service team that has decades of nonprofit, church, and Abila migration experience to help you go beyond your current system’s limitations at a pace that’s comfortable and right for your organization.
Marcus Wagner is the Founder & CEO of AcctTwo. AcctTwo is focused on delivering the future of finance and accounting to our customers with three main solutions – Cloud-based Accounting Software, Managed Accounting Services, and Sage Intacct Customization, all built around Sage Intacct’s best-in-class financial applications. Our dedicated team of over 100 people has helped more than 1,000 organizations optimize finance and accounting through software implementations, accounting outsourcing, and consulting specializing in the SaaS, Nonprofit, and Energy Industries. AcctTwo has been recognized by Sage Intacct as its Partner of the Year seven years running, from 2014 – 2020, and by our customers as a leader in overall satisfaction and popularity through their reviews on G2.
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