Read how Salient Medical Solutions scaled their revenue 250%.

Healthcare and beauty products distributor boosts efficiency 200% while delighting customers

Manual work hurts efficiency, customer experiences Incorporated in 2013, Salient Medical Solutions is a trusted supplier of medical products for skin care, vision, orthopedics, wellness, aesthetics, and more. Its healthcare practitioner customers rely on Salient for world-class medical technology that helps address a broad range of ailments. Read more

When CHIN Radio moved to update its accounting system, it sought a modern, flexible solution capable of interfacing its advertising revenue application. The old accounting system held a valuable history that CHIN Radio wanted to utilize in its new solution.

Nonprofits have plenty of options for accounting software. There’s no shortage of systems that can handle the vast majority of their financial workloads. What most options are missing, however, are accounting tools customized for the unique needs of nonprofits. Most tools are adequate. Few are ideal, with the exception of Sage Intacct.

Sage Intacct is  a comprehensive financial management platform, it offers a full toolkit for money management with features that address the most critical, complex, and time-consuming accounting obligations facing a nonprofit. But unlike most other comparable accounting tools, it has features built for nonprofit in particular. With Sage Intacct, nonprofits have a solution that is both powerful and purpose-built – something exceedingly rare in the software market. 

Fund accounting is a great example of what Sage Intacct can do. Most accounting platforms struggle with this, but dedicated fund accounting tools sit separate from the rest of the accounting system. Sage Intacct, on the other hand, has powerful fund accounting tools integrated with the rest of the platform. 

Fund Accounting in Sage Intacct

Fund accounting is about tracking funds that have requirements assigned to them by donors, granting authorities, or government agencies. It’s one challenge to meet those requirements, and another to record them effectively. Getting it right is essential, though, because fund accounting mistakes can harm the confidence of donors, violate the terms of grants, and put future funding in jeopardy. 

Sage Intacct doesn’t just make fund accounting possible, it perfects the process to be simple and streamlined yet precise and compliant. The best way to appreciate what the fund accounting tool can do is to see (and try) it in person, but here are some of the ways it elevates fund accounting:

• Track and manage funds with a few clicks instead of hours doing data entry.
• Automate manual processes to improve the speed and productivity of lean nonprofit teams. 
• Meet all compliance obligations with strict financial stewardship. 
• Supply stakeholders with real-time reports for better visibility into all financial activities. 
• Control access and privileges for employees or volunteers working remotely. 

Raising the Bar for Nonprofits

Nonprofits that use Sage Intacct spend 90% less time on fund accounting. Even more importantly, they know where every single cent goes so that fund accounting issues don’t cause financial turbulence. On the contrary, these nonprofits can reliably pass audits, keep the confidence of funders, and distinguish themselves as organizations that make maximal use of the money entrusted to them. That is to say, perfecting fund accounting makes nonprofits stronger overall. 

Fund accounting is just one of many nonprofit accounting issues that Sage Intacct solves. And with the help of a partner that knows nonprofits, Sage Intacct gets even better. Pur-Logic Solutions is here to help nonprofits of all shapes and sizes implement Sage Intacct, leverage it to the fullest, and reap the largest ROI. Eager to learn more? Contact us, and in the meantime check out some great success stories here.

Success in professional services depends on accuracy more than anything else. Project managers must understand exactly what they spend, exactly what work their team performs, and then bill the client for exactly what is owed. Anything less than perfect accuracy can lead to under-billing, which leaves revenue on the table, or over-billing, which jeopardizes client relationships. Fair and accurate billing is the only option. 

The problem is that project accounting is notoriously hard to do perfectly, or even adequately for that matter. Estimates from the Project Management Institute suggest that for every $1 billion spent on projects, $122 million goes wasted due to mismanagement. The sheer number of moving parts associated with even modest projects makes accounting for them a time- and labor-intensive effort that’s prone to error and rife with inaccuracy. The result: professional services firms lose track of their costs and contributions and bill the wrong amount as a result

Instead of settling for anything less than perfect project accounting, embrace tools that make accuracy not just attainable but easy. Sage Intacct offers an all-encompassing solution - and it transforms the bottom line in the process. 

Revolutionizing Project Accounting

Sage Intacct has become a leading financial management platform for professional services providers by offering features unique to that industry. A full list of project accounting tools would go on for multiple pages, but here are some of the highlights:

• Single Source of Truth – With all data and tools contained in the same system, there’s no need to hunt down numbers and integrate information manually.
• Spreadsheet Free – Getting rid of spreadsheets gives project managers a faster and fuller understanding of project economics from beginning to end. 
• Sophisticated Time Tracking – Intuitive tools ensure that (only) the right people are tracking their billable time without the risk of errors and omissions. The same goes for cost tracking. 
• Automated Data Management – Automation handles the vast majority of data management so that information moves seamlessly through the system - from expensing to invoicing, for example. 
• Collaborative Invoicing – Collaborative capabilities within invoices help the project team establish the correct numbers in less time. 
• Profitability Reporting – Project managers always understand their financial performance thanks to profitability reports that get created and updated automatically. 
• Custom Report Writer – Reporting on anything has never been easier thanks to an interactive report writer that brings data to life and connects questions with answers. 

The Clear Case for Sage Intacct

According to Service Performance Insight, businesses that use an integrated platform for project accounting see 67% higher revenue growth and 25% larger profit margins compared to professional services firms that don’t. 

Why let project accounting be a struggle when it could be a strategic asset? Join our upcoming webinar on May 18th and   learn more about the exceptional capabilities of Sage Intacct. Reserve your free spot here.