Is Sage Intacct the best choice for Non-Profits?

If you're a non profit, charity, non-government organization (NGO) or not for profit and are evaluating ERP or accounting software, you may be interested in Sage Intacct. 

In this blog post, we'll evaluate the pros and cons of Sage Intacct for non-profit organizations as well as the features and and capabilities it provides, the costs, alternatives and more.

What is Sage Intacct? 

Sage Intacct is a cloud-based financial management software. It is designed to help businesses automate financial processes, such as accounting, revenue recognition, purchasing, and financial reporting. Sage Intacct is geared towards small and medium-sized businesses, serving many non-profits, charities and NGOs, and it is known for its scalability and flexibility. It can be integrated with other software and systems, and it can be accessed from any device with an internet connection.

Which Non-Profits use Sage Intacct?

Sage Intacct is a popular choice among non-profit organizations of all sizes, from small community organizations to large international charities.

Some examples of non-profit organizations that have reported using Sage Intacct include:

American Red Cross, Habitat for Humanity, Goodwill Industries International, National Multiple Sclerosis Society, Feeding America, National Public Radio, American Cancer Society, United Way, YMCA and National Park Foundation.

Benefits of Sage Intacct for Non-Profit

Non-profit organizations often choose to use Sage Intacct because it is a robust and user-friendly accounting software that helps them streamline their financial operations. Here are some of the key reasons why non-profits use Sage Intacct:

Improved financial visibility:

Sage Intacct provides non-profits with real-time financial data, which helps them make more informed decisions. The software also allows them to easily track expenses, donations, and grants, giving them a better understanding of their financial position.

Automated financial processes:

Sage Intacct automates many of the tedious and time-consuming tasks involved in financial management, such as invoicing, payroll, and budgeting. This frees up non-profit staff to focus on other important tasks, such as program delivery and fundraising.

Better reporting:

Sage Intacct offers a wide range of reporting options, including financial statements, budget vs. actual reports, and grant management reports. These reports can be customized to meet the specific needs of the organization and can be easily exported to Excel or other popular formats.

Scalability:

Sage Intacct is designed to grow with your organization. It is a cloud-based software, which means that it can easily be accessed from anywhere and can be scaled up as your organization grows.

Compliance:

Sage Intacct offers built-in compliance features that help non-profits meet regulatory requirements. This includes compliance with Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board (FASB).

Sage Intacct Functionality for Not for Profit

Financial Management & Accounting

Sage Intacct's Finance module can help not-for-profit organizations improve their financial management and reporting capabilities. Some of the key features and benefits of the Finance module include:

• Automated accounting and financial management: Sage Intacct's Finance module automates many of the manual tasks associated with accounting and financial management, such as journal entries, account reconciliations, and financial statement preparation.

• Multi-entity and multi-currency support: Sage Intacct's Finance module can handle multiple entities and currencies, which can be helpful for not-for-profit organizations that operate in multiple locations or receive funding from international sources.

• Financial reporting and analysis: Sage Intacct's Finance module offers a wide range of financial reports, including balance sheets, income statements, and cash flow statements, which can help not-for-profit organizations better understand their financial performance and make more informed decisions.

• Budgeting and forecasting: Sage Intacct's Finance module allows not-for-profit organizations to create detailed budgets and forecasts, which can help them plan for the future and anticipate potential financial challenges.

• Improved compliance: Sage Intacct's Finance module can help not-for-profit organizations meet various regulatory and compliance requirements, such as FASB and GASB accounting standards, which are particularly important for not-for-profit organizations.

Grants Management

Sage Intacct's Grants Management module can help not-for-profit organizations streamline their grant management processes and improve their financial reporting and compliance. With this module, organizations can:

• Track and manage grant applications, awards, and reporting requirements
• Automate the recognition of grant revenue in compliance with FASB and GASB accounting standards
• Monitor and manage grant budgets, expenses, and encumbrances
• Generate detailed reports on grant performance and compliance
• Easily capture and track critical information such as grant-funded programs, funding sources, and project activities
• Generate accurate reports and financial statements that meet specific donor, grantor, or regulatory requirements

By using Sage Intacct's Grant Management module, not-for-profit organizations can improve their grant management processes, increase their operational efficiencies, and better demonstrate accountability to their donors, grantors and regulatory authorities.

Sage Intacct Not-for-Profit Pricing

The cost of Sage Intacct for not-for-profit organizations can vary depending on a number of factors, such as the size of the organization and the specific modules or features that are needed.

Sage Intacct for non profits is typically sold on a subscription basis, and the cost is determined by the number of users and the modules that are selected. The company also offers a free trial period, which can be helpful for organizations that are considering the software.

Alternatives to Sage Intacct for Non-Profit

There are dozens of alternatives to Sage Intacct and for the full list, check out our dedicated Not for Profit ERP page.

NetSuite:

NetSuite is a cloud-based enterprise resource planning (ERP) system that offers features such as financial management, inventory management, and e-commerce. It also offers integrations with popular accounting software, such as QuickBooks and Xero.

Download our full guide to Netsuite ERP here.

Oracle ERP Cloud:

Oracle ERP Cloud is a cloud-based ERP system that offers features such as financial management, supply chain management, and human capital management. It also offers integrations with popular business intelligence tools, such as Tableau and Power BI.

Download our full guide to Oracle ERP Cloud here.

Microsoft Dynamics 365:

Microsoft Dynamics 365 is a cloud-based ERP system that offers features such as financial management, customer relationship management, and field service management. It also offers integrations with popular office productivity tools, such as Office 365 and SharePoint.

Download our full guide to Microsoft Dynamics 365 here.

SAP S/4HANA:

SAP S/4HANA is an ERP system that is designed for large enterprises. It offers features such as financial management, supply chain management, and human capital management. It also offers integrations with popular analytics tools, such as SAP Lumira and SAP HANA.

Download our full guide to SAP S/4 HANA here.

Infor CloudSuite:

Infor CloudSuite is a cloud-based ERP system that offers features such as financial management, supply chain management, and human capital management. It also offers integrations with popular business intelligence tools, such as IBM Cognos and SAP BusinessObjects.

Download our full guide to Infor CloudSuite here.