When it comes to accounting for nonprofit organizations, precise record-keeping is vital. Not only must the organization itself keep up with its finances, but funders and donors also must be able to see precisely where their money is going. Of course, nonprofits must satisfy regulatory requirements too. This is where RSM’s trusted Sage Intacct advisors come into play.
RSM uses Sage Intacct to help nonprofits manage grants efficiently and effectively with access to real-time data that can be viewed by users across numerous locations. Board members and leaders get custom reports and dashboards that are easy to digest and understand, empowering faster, better and more informed decision-making.
Sage Intacct, a cloud-based financial management system, is distinctly suited to fulfill the accounting needs of nonprofits such as faith-based organizations, trade/membership associations, charities and cultural and educational institutions. Data is stored in the cloud and any member of the organization can view updated numbers from anywhere, in real time. Sage Intacct is designed to be scalable, so its abilities can match an organization as it grows.
Nonprofits represent an overwhelming number of Sage Intacct’s clients, meaning a number of tailored updates and product development made special for these users. For instance, Sage Intacct worked with GuideStar to develop the popular Nonprofit Financial Board Book. Organizations can easily track their financial well-being and mission impact, comparing their data to key metrics suggested by GuideStar.
