For so many nonprofits today, the day-to-day tasks of accounting and financial management are driven by a diverse array of complexities. Sage Intacct, in an exclusive relationship with GuideStar, the world’s largest source of nonprofit information, has unveiled the new Sage Intacct Nonprofit Financial Board Book powered by GuideStar.
Available effective April 20, 2018, the Sage Intacct Nonprofit Financial Board Book is built on the Sage Intacct platform and incorporates the best practice metrics and insight that GuideStar uses to demonstrate the financial health of nonprofit organizations, as well as ensure the organization in on track in accomplishing their missions.
What to know?
- It’s a real-time strategy tool that meets the specific needs of nonprofit organizations.
- It works with real-time transactional data from the system of record – automating the calculation of key financial and operational metrics important to nonprofit organizational health.
- Key metrics such as revenue composition, liquidity, and unrestricted cash are displayed via pre-built dashboards to show financial health over time.
- Metrics are automatically calculated using balance sheet, revenue, and expense data from Sage Intacct, and through additional operational sources from within the organization, including Donor Management Systems, Budgeting and Planning software, Payroll, and more.
The Sage Intacct Nonprofit Financial Board Book helps to spur conversation and analysis, while real-time delivery eliminates delays in monitoring vital metrics – improving the organization’s ability to respond to unplanned changes in funding.
“Sage Intacct and GuideStar entered into an exclusive partnership to raise the bar for all nonprofits. Together, we are providing nonprofit organizations with a powerful tool to easily manage their financial health and stability,” reports Dan Miller, VP of Product for Sage Intacct. “Our new Nonprofit Financial Board Book incorporates best practices from GuideStar and enables nonprofits to more easily keep an eye on their balance sheet performance, funding mix, and the overall composition of key revenue sources to ensure sustainability.”
With the Sage Intacct Nonprofit Financial Board Book Powered by GuideStar, nonprofits can gain real-time visibility into key revenue composition and source, monitor organization health with key metric visualizations, as well as easily track trend lines and changes for a more complete picture of financial health – all the while informing planning and strategy for proactive management.
Sage Intacct’s Nonprofit Financial Board Book is available effective Friday, April 20, 2018.