In a recent webinar hosted by Forvis Mazars, finance leaders explored how Sage Intacct is designed to support nonprofit organizations in navigating financial complexity with greater clarity, agility, and transparency. The session featured insights from experienced professionals at Forvis Mazars and ADP, highlighting how modern fund accounting tools can assist nonprofit teams in streamlining operations, strengthening compliance, and helping to enhance visibility across programs and funding sources.
The following is a continuation of this topic, focusing on how Sage Intacct can transform your nonprofit’s financial management.
Streamlining Operations Through Modern Fund Accounting
Sage Intacct is designed to consolidate core financial functions, accounting, budgeting, and reporting, into a centralized cloud-based platform. This approach is intended to reduce manual data entry, decrease duplication, and support more timely access to financial information. With built-in workflows and real-time data access, nonprofit teams can collaborate more effectively across departments and locations.
By replacing manual processes and legacy systems, it can enable finance teams to align financial stewardship with mission-driven goals. Helpful advantages of this include:
- Dimensional reporting used to tag transactions by fund, grant, donor, and program, reducing spreadsheet reliance and delivering real-time, mission-aligned insights.
- Automated revenue recognition supports compliance with ASC 606 and ASU 2018-08, while decreasing the potential for manual errors.
- Role-based dashboards offer immediate visibility into fund balances and financial health, empowering informed decisions.
- Centralized grant tracking and audit trails simplify billing, strengthen accountability, and help to ensure audit readiness.
The platform’s multi-entity capabilities also allow organizations to operate with a unified chart of accounts while maintaining flexibility across programs, grants, and locations. These features are aligned with efforts to reduce IT overhead and repurpose internal resources toward mission-driven activities.
Leveraging Automation to Support Compliance & Grant Management
In addition to streamlining operations, Sage Intacct can assist nonprofit finance teams with improving accuracy and responsiveness. Automated approval workflows, integrated purchasing and accounts payable processes, and built-in audit trails are designed to support internal controls and simplify compliance efforts.
For grant-funded organizations, the ability to tag transactions with grant dimensions enables more efficient tracking and reporting. Sage Intacct’s AP automation and outlier detection tools also contribute to more proactive financial oversight, helping teams identify anomalies and reduce manual reconciliation efforts. These capabilities are intended to support timely decision making and reduce the burden of month-end and year-end close processes.
By automating revenue recognition for grants and non-exchange transactions, the platform also helps nonprofits adhere to accounting standards (such as ASC 606 and ASU 2018-08 mentioned earlier). Automated workflows can support audit readiness and help ensure that financial data is accurate and compliant.
Enhancing Transparency With Dimensional Reporting & Dashboards
Building on strategy, Sage Intacct’s customizable dashboards and dimensional reporting tools offer nonprofit leaders immediate visibility into fund balances, program performance, and financial health. Role-based dashboards can be tailored to department heads, grant managers, or board members, providing relevant insights without requiring advanced technical skills.
The ability to schedule and share reports directly from the system helps reduce manual tasks and supports more consistent communication across teams. By integrating data from payroll, donor management, and other systems, Sage Intacct is positioned to deliver a more holistic view of organizational performance.
Supporting Your Transformation Journey With Forvis Mazars
At Forvis Mazars, our professionals assist nonprofit organizations in reviewing, configuring, and deploying financial technologies aligned with their mission and operational goals. As the first and only AICPA-preferred accounting system for cloud financial management, Sage Intacct reflects a commitment to innovation and reliability. Our collaboration with ADP further supports integrated payroll and workforce data solutions tailored to nonprofit needs.
Whether your organization is exploring automation, improving grant reporting, or seeking greater financial clarity, Forvis Mazars is ready to support your efforts with insight and responsiveness. Contact our Sage professionals today for a personalized demo or consultation to discover how Sage Intacct can transform your nonprofit’s fund accounting and financial management.
Watch on demand: Mission-Driven Finance: Sage Intacct for Nonprofit Leaders