The Top 5 Obstacles Slowing Down Your Close
This post was originally published on the Sage Intacct Blog It’s 8 p.m. and your finance team is scrambling to close the books. They skipped dinner yet again to work on another round of last-minute reconciliations so they can tie out the balance sheet numbers. Closing the books at the end of a financial period…
Going Paperless: 7 Ways to Automate Your Nonprofit’s Finance Department
This post was originally published on the Sage Intacct Blog Paperless automation delivers many important benefits to nonprofit finance teams, from real-time financial visibility to increased efficiency to more accurate forecasting and planning. Cloud financial management systems enable multiple users to view and collaborate on data from anywhere, at any time. Financial automation can transform…
Internal Audits Reduce the Risk Associated with Global Operations
International organizations tend to have inconsistent policies and procedures across offices in different countries. This is often necessary to operate effectively and maintain local compliance, but it does represent organizational risks. This case study describes how one international nonprofit conducted an internal audit that effectively addressed the risks and processes that were unique and critical…
An Incident Response Plan Prepares You for a Ransomware Attack
By Darren Hulem, Senior IT and Risk Analyst An exponential increase in the number of ransomware attacks in 2021 has many businesses and nonprofits wondering whether they are next. In recent months, well-known ransomware victims made headlines when they elected to pay the ransom to quickly recover data and return to normal operations. Is your…
What’s the Difference Between Sage Intacct and QuickBooks for Nonprofits?
This post was originally published on the Sage Intacct Blog Like more than 80% of small businesses, many nonprofits begin their financial lives using Intuit® QuickBooks® to manage accounting. It’s easy to use, well known, and offers entry-level accounting functionality at an affordable price. But as these organizations grow, they often face significant challenges and…