Remember March 2020? Many businesses were in the midst of their first-quarter closing processes when COVID-19 suddenly changed everything. Past financials were no longer a reliable indicator of the future, and new financial models needed to be built—fast—to support both short- and long-term business decisions.
That pandemic experience crystallizes the need for businesses and nonprofits to modernize their accounting software and processes, not only to prepare for future crises but to improve everyday business decisions.
What you get with better reporting
If you’re unsure whether it’s worth the trouble to improve your reporting processes, consider these real-world benefits:
- Shorten monthly closes from over a week to just a few days
- Dramatically reduce time spent on accounts payable and payroll workloads
- Increase visibility into every department
- Eliminate time-consuming workarounds in Excel
- Avoid costly errors and rework caused by manually entering data
Best-in-class financial reporting software
Sage Intacct’s best-in-class accounting software provides deeper visibility and more flexibility to quickly create meaningful reports that slice-and-dice the details that matter to different departments and stakeholders.
Because Sage Intacct integrates with other systems like Bill.com and Salesforce, all your financial and operational data is available in one place, and it’s up-to-date and accurate. Imagine having real-time budget-to-actual information that’s accessible from anywhere!
The cloud-based ERP solution comes with 150 built-in financial reports, and you can easily create custom reports based on your organization’s specific needs. There’s no need to wait for customized projects or rely on multiple external tools.
In addition, Sage Intacct offers an innovative general ledger that features 10 dimensions to capture the business context for every transaction, budget, and operational measure. That makes it easy to quickly access reports that analyze business performance by a wide array of different drivers, without needing to manage a complex chart of accounts.
As highlighted by the pandemic, another critical element for successful financial reporting is the agility to update forecasts in a hurry. With Sage Intacct, you can update your forecast model and compare inputs and outputs to your budget. You can also create multiple what-if scenarios, which is especially helpful to support decision-making during turbulent times.
Get the support you need
Contact FSS Group for assistance with reporting, budgeting, and planning for the year ahead. We offer strategic accounting solutions to businesses and nonprofits of all sizes, and our experts can provide a range of financial services tailored to the specific needs of your organization.
