As critical stewards of their organizations’ financial integrity, non-profit finance leaders need the right tools to streamline operations and refocus their time and energy on mission-critical goals.
Fundraising and effective program delivery are no longer enough in today’s fast-paced, accountability-driven non-profit space. Non-profit finance leaders must shift from reactive bookkeeping to proactive financial leadership.
And that’s impossible to do with manual processes, spreadsheets, and small business accounting applications.
This article explores the most common challenges today’s non-profit leaders face, how a modern, cloud-native financial management solution solves them, and how a Vision33 non-profit customer leveraged the right solution to transform its finance office.
Scroll to the end to read YMCA Canada’s success story, or keep reading to learn how Sage Intacct provides robust reporting, insights, and accounting automation to elevate the work of non-profit finance teams.
Non-profits face external challenges like economic uncertainty, competition for funding, staff shortages, and increased demand for services. While finance leaders can’t control these things, they can change their internal systems and processes to navigate them.
Non-profit organizations manage multiple funding sources, restricted and unrestricted funds, grants, and program-specific budgets—all of which require meticulous tracking and reporting that basic accounting software can’t handle.
Sage Intacct, a cloud-native financial management solution, allows non-profit finance leaders to track grants, donor contributions, and program expenses in real-time. The software easily separates restricted and unrestricted funds and even automates multi-entity consolidations for organizations with multiple locations or chapters.
While some businesses never need to upgrade their systems, non-profits have intricate reporting needs that require specialized functionality. These organizations must provide reports for boards, donors, grant providers, and regulators. Each stakeholder may require different detailed reports and KPIs, and there aren’t enough hours in a day to generate these reports manually.
With Sage Intacct, customizable non-profit reports are virtually limitless. For example, non-profit finance leaders use Sage Intacct to quickly and easily demonstrate fund usage and impact, membership revenue and program contributions, and fundraising efficiency per dollar raised.
Entry-level software and spreadsheets can’t give non-profit finance leaders real-time visibility into critical metrics and performance.
Sage Intacct’s customizable, role-based dashboards and KPIs are easily tailored to track non-profit metrics. Finance professionals gain up-to-the-second views of financial health across programs and use Sage Intacct’s drill-down capabilities to go from high-level summaries to detailed transactions with a few clicks.
This financial management powerhouse ensures non-profit leaders no longer need to wait until month-end for a clear picture of their organizations’ financial health.
Dynamic non-profits that begin their financial lives with a small business accounting application inevitably hit a wall with the software’s limitations.
Sage Intacct is a modular solution, which means non-profits can purchase what they need now and add modules when required.
Whether a non-profit is adding new locations or programs or expanding its donor base, Sage Intacct’s flexibility and customizability make the software virtually impossible to outgrow.
Non-profit finance leaders must be stewards who protect their organizations’ resources, put them to good use, and earn public trust.
Sage Intacct equips non-profit organizations to overcome barriers and amplify their impact by streamlining fund, grant, and project accounting and making it easy to maintain donor trust and confidently demonstrate financial responsibility to boards, communities, and volunteers.
By using one of the best financial management solutions in the non-profit space, these organizations gain visibility into key metrics, make swift decisions, and seize opportunities to propel their organizations forward and drive lasting change.
And because non-profits handle confidential, valuable data, including donor information and beneficiary records, they appreciate Sage Intacct’s iron-clad security.
The YMCA is a charity that delivers programs and services that empower people of all ages and life stages to overcome barriers and rise to their full potential.
In Canada, the YMCA consists of 37 YMCA Member Associations supported by YMCA Canada, the national office; these associations work together so all Canadians can shine on.
Extracting information from YMCA Canada’s legacy on-premises accounting software was cumbersome and time-consuming. The finance team didn’t have visibility into critical insights, and support for the software was ending.
After evaluating five cloud solutions, YMCA Canada partnered with Vision33 to implement and support Sage Intacct.
The organization went live with Sage Intacct in just three months. Since then, YMCA Canada has boosted operational efficiency, gained much-needed visibility, and ensured transparency.
Read YMCA Canada’s success story below to learn more about the non-profit’s pain points with its legacy software, why Sage Intacct was the natural next step for the organization, and what its CFO says about partnering with Vision33.
Questions? Vision33 is a multi-award-winning Sage Intacct partner. With hundreds of successful Sage Intacct implementations, we love helping non-profit organizations transform accounting frustrations into strategic growth and mission success.
Our certified consultants are here to help.