Setting Sail: Why Now is the Time to Get Onboard with Accounting Automation

May 15, 2024

Generated by AI and edited by Heather Broberg, Senior Manager

As we navigate the ever-changing waters of business, it’s essential to have the right tools and strategies to chart a course for success. And what better time than now to hoist the sails of accounting automation and set course for smoother, more efficient financial operations? Just like a well-equipped vessel can weather any storm, embracing accounting automation can help businesses stay ahead of the curve and sail toward improved fiscal management and reporting. So, grab your compass and join us as we explore why now is the perfect time to get onboard with accounting automation.

Smooth Sailing with Automation

Picture your business as a sturdy vessel, sailing through the vast ocean of financial data, reporting requirements, and changing compliance needs. In the past, navigating these waters may have been a challenge, with manual bookkeeping processes causing delays, errors, and headaches. But accounting automation is like having a trusty crew of experienced sailors onboard, ready to manage the rigging and keep your ship on course.

An industry leader in accounting automation, Sage Intacct’s Enterprise Resource Planning (ERP) cloud-based solution is your trusty crew. Sage provides easy-to-create reports, dashboards, and visualizations that are ready in real-time, allowing finance leaders and executives to look forward and plan for programs, fundraising, staffing, and more based on what’s really happening.

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Charting a Course for Efficiency

Just as a well-planned voyage requires careful navigation, efficient financial management demands streamlined processes and accurate data. Accounting automation tools function as the navigator, guiding you through the choppy waters of data entry, reconciliation, and reporting with ease. By automating repetitive tasks such as invoice processing, expense tracking, and bank reconciliations, businesses can save valuable time and resources, allowing them to focus on charting a course for growth.

Like any navigator, organizations benefit from real-time reporting for metrics that matter. Sage Intacct’s Cloud Accounting Software automates your key finance and accounting processes, allowing you to easily scale for growth. Traverse time and expenses accurately and efficiently with Sage’s time and expense management software. Time and expense software can help businesses make better, more informed decisions with easy access to real-time data and simple, accurate reporting. Time and expense tracking software can provide real-time performance data, allowing businesses to make decisions based on accurate and accessible data.

For those with grant funding, Sage’s grant tracking and management software facilitates centralized and automated grant tracking and billing that improves the delivery, reimbursement, reporting, and audit of grant awards.

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Setting Sail Towards Accuracy

In the world of accounting, accuracy is paramount. A single miscalculation or oversight can send your financial ship off course and into treacherous waters. Thankfully, accounting automation tools are like precision instruments, ensuring that your financial records are shipshape and accurate at all times. With features such as automated data validation, error detection, and reconciliation algorithms, businesses can sail with confidence, knowing that their financial reports are dependable and trustworthy.

You shouldn’t have to wait until close to get the information you need. Sage Intacct general ledger accounting software with Ai is the precision instrument your team needs, delivering continuous insights. Sage allows your organization to capture, post, and report on transactions in real-time. Review thousands of GL transactions in minutes using outlier detection with AI to grain trust in your numbers. Get instant, multi-dimensional insights with dashboards and one-click drill-down to source transactions.

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Navigating the Waters of Compliance

As any seasoned sailor knows, navigating the waters of regulatory compliance can be a tricky endeavor. Fortunately, accounting automation is like having a skilled captain onboard, guiding you safely through the maze of regulations and requirements. From tax compliance to financial reporting standards, automation tools can help businesses stay ahead of changing regulations, ensuring smooth sailing, and avoiding costly penalties.

Stay on-course with Sage Intacct Compliance, designed with compliance and growth in mind. Sage allows you and your crew to promote accuracy and trust with strong internal controls. Create a strong controls environment, get trusted information sooner, streamline audits, and minimize disruption with audit-ready financials.

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Riding the Waves of Innovation

Just as the seas are constantly changing, so too is the world of accounting. New technologies and innovations are reshaping the way businesses manage their finances, and those who fail to adapt risk being left behind. By embracing accounting automation now, businesses can stay ahead of the curve and ride the waves of innovation to greater success. Whether it’s leveraging AI-powered forecasting tools or embracing cloud-based accounting platforms, automation enables businesses to stay agile and responsive in an ever-evolving journey.

Plot a course and discover how AP automation software simplifies accounts payable. Keep track of invoices, end manual work, and prevent fraud, double payment, or late payments to suppliers and vendors. AP automation software helps organizations stay on top of their cash flow and pay their invoices in an organized, timely manner to minimize cost, human error, and risk. Organizations can free up time and resources, while speeding up the accounts payable process with AP automation software.

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Let Accounting Automation Become your Organization’s Anchor

As we traverse the waters of accounting automation, it’s essential to keep our eyes on the horizon and anchor our success for the future. By embracing automation now, businesses can lay the foundation for long-term growth and prosperity. Just as a well-maintained vessel can weather any storm, businesses equipped with accounting automation tools can navigate the challenges of today and emerge stronger, more resilient, and ready to seize new opportunities on the horizon.

It’s smooth sailing for Sage users who work smarter with seamless system integration. Through the Sage Intacct Marketplace, Sage has partnered with best-in-class business applications to increase accounting automation and extend success in the cloud. The open API lets you connect to existing or future systems. This means you can leverage key data from donor management, payroll, budgeting, CRMs like Salesforce, and others to track metrics that are central to your organization’s operations and programs in one place.

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Conclusion: Chart Your Course with Accounting Automation

With new tools and features available on a regular basis, now is the perfect time to get onboard with accounting automation. Just as a skilled captain navigates the seas with confidence and precision, businesses equipped with automation tools can sail toward greater efficiency, accuracy, and compliance. So, hoist the sails, trim the rigging, and chart your course with accounting automation—it’s time to set sail!

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Contact

Visit our Sage Intacct page for more information about Sage’s highly flexible, powerful financial management solution that adapts to your workflows and reporting requirements.