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Every nonprofit organization relies on the generosity of donors and patrons in order to fund its mission. In order to maintain ongoing support, is crucial that organizations are able to demonstrate proper use of the funds that they've been given. If your organization is still employing manual reporting practices using spreadsheets and emails, then keeping up with the reporting demands of your supporters can become time-consuming and costly.
RKL eSolutions helps Not-For-Profit organizations gain real-time visibility for volunteers, donors and board members while ensuring strong financial controls and compliance with Sage Intacct
What is Sage Intacct and how does it help Nonprofit organizations with compliance?
Sage Intacct is a cloud-based financial management system designed specifically for nonprofit organizations, helping them automate accounting processes, improve efficiency, and provide real-time financial visibility. Sage Intacct automates compliance reporting, including reports such as IRS 990, FAS 116/117, and AFSB 958. It centralizes data for audits, offers easy auditor access with role-based permissions, and streamlines year-end audit processes.
What are some common challenges in nonprofit fund accounting?
Challenges include managing multiple grants simultaneously, ensuring restricted funds are not commingled with general funds, and producing accurate reports for auditors and funders.
What type of real-time visibility does Sage Intacct offer?
Sage Intacct provides real-time dashboards, multidimensional analytics, and customizable reports. Users can view up-to-the-minute financial and operational data, drill down into details, and analyze information across funds, grants, programs, and locations.
Can Sage Intacct manage nonprofit grants?
Yes, Sage Intacct includes grant management capabilities that help nonprofits track grant budgets, expenses, reporting deadlines, and compliance requirements.
Can Sage Intacct manage multiple entities or locations?
Yes, Sage Intacct allows organizations to manage multiple entities or locations, providing consolidated financials, customizable dashboards and reports per entity, and flexible chart-of-accounts management for both shared and global consolidations.
How flexible is Sage Intacct for adapting to unique nonprofit needs?
Sage Intacct is highly configurable, allowing nonprofits to add custom dimensions, set granular user permissions, duplicate standard elements (like reports and dashboards), and adjust workflows without needing IT support.
What kind of return on investment (ROI) can nonprofits expect from Sage Intacct?
On average, nonprofits using Sage Intacct see over $150,000 in value annually, a 250% ROI, and payback within six months. Savings come from automation, efficient workflows, faster reporting, and reduced manual processes.
Automate the grant process for faster and more accurate reporting. Centralize all grant documents and details for secure, comprehensive views, regardless of award type or funding source. Streamline compliance for stress-free audits. With centralized grant records and reports in grant management software made for nonprofits, your staff and auditors have a single, shared source of truth.
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