Maximize the impact of your mission
Modern financial management solutions, specifically tailored for nonprofit organizations, ensure compliance with stringent statutory requirements, facilitate accurate accounting and reporting of funding sources and allocations, and effectively manage the expectations of key donors, board members, and your community.
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MAIN CHALLENGES OF NONPROFITS
Complex Organization
Managing multiple legal entities, currencies, and tax jurisdictions adds complexity to financial operations.
Reporting & Visibility
Manual and time-consuming processes limit access to real-time financial data and key performance indicators.
Disparate Systems & Efficiency
Non-integrated systems and spreadsheets create inefficiencies, delays, and extended close dates.
Fund Accounting & Budgeting
Cost allocation, cash flow management, and monitoring of funds, grants, and direct donations from multiple revenue streams require rigorous management.
Financial Planning and Predictability
Dependence on grants and donations, which are often irregular or conditional, makes it difficult to budget and manage cash flow.
Governance & Compliance
Organizations dealing with complex tax laws, regulatory requirements, and reporting obligations must ensure transparency and compliance with stakeholders.
HOW TO SELECT THE RIGHT FUND ACCOUNTING SOFTWARE FOR YOUR NONPROFIT
Feeling the strain of an outdated or underpowered accounting system? You're not alone. The right fund accounting software can transform your nonprofit’s financial management, improving efficiency, compliance, and transparency.
This eBook will guide you through the software evaluation and selection process. Learn how to:
- Identify your organization’s key financial needs
- Outline the must-have functional requirements
- Uncover hidden benefits when selecting a nonprofit accounting system
- Make an informed decision that supports your nonprofit’s growth and mission success
Fund Accounting
Accurately track restricted and unrestricted funds to comply with donor and grant requirements. Ensure that financial reports reflect funding allocations while maintaining transparency and accountability.
Internal Controls
Implement robust safeguards to protect against fraud, financial mismanagement, and regulatory non-compliance. Strengthen governance with approval workflows, audit trails, and financial oversight mechanisms.
Visibility and Transparency
Access real-time financial insights to improve decision-making and reporting. Provide stakeholders, donors, and board members with accurate, data-driven updates to build trust and ensure accountability.
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MAIN FONCTIONALITIES FOR NPOS
Fund and Grant Accounting
Track both restricted and unrestricted funds to ensure compliance with grant and donation requirements. Generate detailed reports on fund usage and monitor their allocation in real time, ensuring transparency and adherence to donor restrictions.
Multi-Entity and Multi-Currency Management
Manage multiple legal entities and currencies internationally while centralizing your financial operations. Ensure compliance with local regulations and simplify global financial management with a consolidated view of all financial data.
Process Automation
Reduce manual tasks related to approvals and financial reporting. Automate workflows to boost efficiency, accelerate closing cycles, and improve responsiveness with real-time financial information.
Impact Measurement and Reporting
Demonstrate the effectiveness of your programs by creating clear, detailed reports. Track results and community impact, enhance transparency, and maintain donor trust through reliable accountability.
Budgeting and Financial Forecasting
Plan for sustainability and growth by accounting for uncertain funding. Anticipate financial needs, adjust budgets in real time, and optimize cash flow management to avoid financial crises.
Donor and Grant Integration
Connect your financial systems to fundraising platforms. Track donations and grants in real time, optimize donor relationship management, and create customized reports for transparency and seamless communication.
Compliance and Audit Readiness
Ensure financial integrity with built-in tools to track audits, manage regulatory compliance, and facilitate audit preparations by maintaining a complete audit trail of transactions
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MAIN BENEFITS
Make informed decisions with accurate data
Automate processes to improve team collaboration and leverage technology to ensure their long-term sustainability
Demonstrate financial stewardship effectively
WHY THEY CHOSE SAGE INTACCT
The transition to the innovative Sage Intacct solution has empowered the Council and the 2023 Canada Games Host Society to optimize our financial management systems while creating a powerful legacy for future Canada Games. With complete confidence in Sage Intacct, CGC and Host Societies can further focus on sparking greatness in the next generation of athletes and leaders on and off the field of play.”
“As a finance director, I need to look at different strategies for investments and the bigger picture in our organization, rather than be in the weeds day-to-day. With Sage Intacct, I can now give leadership a much better idea of which projects are in the red and where our needs are.”
