How healthy is your nonprofit? To answer that question—and make critical decisions that will shape your future—you need to dig well beyond simple profit and loss.
Sage Intacct, the cloud financial solution, has teamed up with GuideStar, the largest source of nonprofit data, to offer pre-built dashboards that give you the real-time insights, automation, and visibility you need to build a healthy future.
Innovative Board Book
The Sage Intacct Nonprofit Financial Board Book, powered by GuideStar, is built on the Sage Intacct platform. It incorporates metrics and insights that GuideStar uses to demonstrate nonprofits’ financial health and ensure they’re on track to accomplish their missions.
The digital board book’s pre-built dashboards display the metrics that matter most to nonprofits, including revenue composition, sources of liquidity, and unrestricted cash. Using the data, you can quickly understand revenue trends, track sustainability metrics, and monitor expenses against program results.
The metrics are calculated automatically using balance sheet, revenue, and expense data from Sage Intacct, as well as internal sources such as donor management systems, payroll, and budgeting and planning software. Instead of worrying about entering data, you can simply view the easy-to-understand dashboards, which display the real-time data you need to monitor your financial health.
Right from the main dashboard, you can link directly to GuideStar, which enables joint customers to leverage comparative information. Plus, you can connect with peer organizations that may have encountered similar issues, and identify and discuss best practices to overcome challenges.
Make the right decisions
Better data leads to better decisions. With the Sage Intacct Nonprofit Financial Board Book, you can readily view critical revenue, funding, and expense data, and analyze that data to make smarter and faster decisions.
The real-time data can also help you prepare for uncertainties, such as sudden changes in funding. And you can plan for the future—communicating revenue diversity opportunities to the board, tracking key trends, and monitoring the stability of your reserves.
Michaud Accounting Solutions works with nonprofits nationwide and has decades of accounting and expertise paired with over 4 years of software experience. We can help you take full advantage of the Sage Intacct Nonprofit Financial Board Book to ensure the continuing health, vitality, and sustainability of your organization.