GuideStar and Sage Intacct, a match made in heaven – Back in 1994, Los Angeles had an earthquake and Lillehammer hosted the winter Olympic games. The Shawshank Redemption and Forrest Gump were showing in movie theaters and the average movie ticket price was $4.08. 1994 was also the year GuideStar was founded.
Today the GuideStar website database provides information on 1.8 million IRS-recognized tax-exempt organizations.
GuideStar and Sage Intacct, a match made in heaven
When you partner GuideStar, the premier nonprofit data aggregator advancing transparency and better decision-making, and Sage Intacct, the visionary leader in cloud financial management – great things happen for nonprofits, their constituents, and those that fund nonprofits.
More powerful dashboards
Nonprofits using Sage Intacct financial accounting solution can now take advantage of prebuilt dashboards. The Sage Intacct GuideStar board book dashboards add insight, automation, and visibility in GuideStar formats, examine revenue trends, monitor expense-to-program results, and track metrics in real time. All of this serves to arm Nonprofit executive teams with the data they need to make better informed decisions – decisions that will move the organization toward achieving mission success.
Better information for better performance and stewardship
The Sage Intacct GuideStar board book is a powerful, yet easy-to-use tool that will help you:
- Plan for uncertainties
- Clearly communicate revenue
- Manage priorities
- Keep an eye on reserves
You can also navigate from Sage Intacct to GuideStar for comparative information from other nonprofits – revealing best practices and other helpful insights.
View the video and see how the sample organization, Southside Community Clinic, puts the Sage Intacct GuideStar board book to work. In this hypothetical example, the healthcare organization’s funding comes primarily from government grants. But given the uncertainty of the healthcare landscape, they want to find a way to maintain services and programs in the event grants are delayed or cut back.
They seek to answer important questions such as:
- What short-term options do we have to shift revenue from other sources?
- Are there program revenues or fundraising campaigns we can employ to address the gaps?
- How long will our reserves sustain us as we ramp up other revenue generating activities?
With Sage Intacct GuideStar board book, they can quickly view revenue broken out by source as well as cash, liquidity, and restricted and unrestricted funding and assets. All of which contributes to the best decisions to ensure mission stability and success.
GuideStar and Sage Intacct, a match made in heaven for nonprofits and mission fulfillment
We love assisting nonprofits in building the foundation for sound accounting practices with AICPA endorsed Sage Intacct. Equip your organization with a solution that will contribute to an optimal financial accounting operation – Michaud Accounting Solutions can answer your questions and show the ways our clients have benefited from Sage Intacct. Please contact us today.