Some shockers, some expected results, and some huge news in the latest Magic Quadrant from the global analyst firm Gartner. In recent weeks, Gartner released a new Magic Quadrant (MQ)—Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises—to help businesses understand the evolving and expanding market that is Cloud ERP.
First Ever Gartner Magic Quadrant for Cloud Core Financial Management Applications
Up until recently, Gartner avoided building a Magic Quadrant for core cloud finance, due in part to the buying cycle that goes with core financial management applications. Many customers were not looking for an ERP upgrade in recent years, and the immense global players weren’t yet ready to move to the cloud. Now, however, there is a market shift to cloud applications, and CIOs, CFOs, and boards are finding that the cloud offers the security, uptime, and flexibility that they need.
What is Gartner’s Magic Quadrant?
Gartner’s Magic Quadrant reports are a culmination of research in a specific market, giving companies a wide-angle view of the relative positions of the market’s competitors. The reports help prospective buyers quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner’s market view.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation.
The Evolving Cloud ERP Market
Gartner saw this, noting that there is a shift from static to dynamic, and there is soon to be $31B in play for cloud financial management and “postmodern ERP.”
“The market for core financial management suites has been static for many years. However, over the last 12 to 18 months, cloud core financial management suites have matured to such an extent that they have disrupted this static market. This reflects the increasing prevalence of postmodern ERP strategies (see “Schrödinger’s Cat: How ERP Is Both Dead and Alive”). Postmodern ERP is the deconstruction of suite-centric, monolithic, on-premises ERP deployments into loosely coupled applications, some of which can be domain suites (such as core financials or HCM) or smaller footprint applications that are integrated as needed.”
How Gartner Compared Core Cloud Financial Management Applications
For this Magic Quadrant, Gartner defines core financial management suites as follows:
- The core functional areas of general ledger (GL), accounts payable (AP), accounts receivable (AR), fixed assets (FA), project accounting, project costing, and project billing.
- Financial analytics and reporting, including provision of financial information (such as P&L and balance sheet) and the ability to provide financial information such as KPIs to managers and executives.
- Basic indirect purchasing functionality (from creating a requisition through to purchase order processing and AP invoice matching and payment), because many organizations — especially midsize organizations — need some basic procurement functionality as part of a core financial applications deployment.
Visual: Magic Quadrant for Cloud Core Financial Management Suites
The Results Are In: Upsets, Expectations, and Big News
First? The shockers: Some of the largest and well-known players (SAP, Epicor, Deltek) found themselves in the “niche players” category—something that surprised Enterprise Irregulars contributor Vinnie Mirchandani, who said “I honestly cannot remember the last time SAP showed in the lower left quadrant – for niche players – in a Gartner MQ”.
The Expected Results? Global Player Oracle showed up highly on the list for its Oracle ERP Cloud—a solution built to meet the needs of the largest enterprises in the world. This comes as no surprise, as the company displays immense market presence and had begun to make moves to the cloud earlier than many other global software players.
The Big News: Intacct Named a Visionary
The big news? Intacct was named a visionary, receiving high marks both for its completeness of vision and its ability to execute receiving the third and fourth highest marks, respectively.
Intacct’s Completeness of Vision Blows Away the ‘Old Guard’ of Vendors
Completeness of vision, the more qualitative of the measures, is based on eight components: Market Understanding, Marketing Strategy, Sales Strategy, Product Strategy, Business Model, Vertical/Industry Strategy, Innovation, and Geographic Strategy.
This is a notable victory, but is one that plays into Intacct’s strengths and internal focuses. Intacct has a well-defined mission and business model, and has been known for its success within its market.
Ability to Execute Only Surpassed by Two Giants
While Intacct’s completeness of vision was impressive if not expected, the company’s position on ability to execute is notable, as it exceeded industry giants like SAP, Epicor, Deltek and Microsoft; companies whose operating budgets, global scale, and therefore visibility dwarf Intacct’s.
In fact, when the only companies exceeding the ‘ability to execute’ are two massive publicly traded companies:
- Oracle, with two options higher on the ‘ability to execute’ axis, does business on all seven continents (including Antarctica) and has a 209.97B market cap.
- Workday, who has approximately a 20.5B market cap.
Still, with only three vendors who exceed Intacct in ability to execute, Intacct’s notable focus and ability to meet the needs of customers demonstrates the company’s ability to compete and provide a powerful product to growing companies in the middle market, scaling with these customers as they grow.
Conclusion: The Right Size and the Right Focus for Your Midsized Organization
While many reports will focus on “ERP as a whole,” noting the largest platforms—both cloud and on-premises—this is one of the first reports that looks at applications ranging from midmarket to global, as well as looking at qualitative measures like vision.
One thing Gartner does focus on when talking about Intacct is that while it is able to handle the midmarket, it can also scale with organizations, noting that Intacct’s successes:
- Supporting individual clients that have up to 3,000 users, 600 entities, or 250,000 transactions per hour.
- Supporting local reporting in over 80 countries.
- Supporting companies like Guidewire, Marketo and GrubHub as they’ve grown revenues 5 – 10x and gone public.
This report is normally available only for Gartner clients, but for a limited time, those interested can get the report for free from Intacct’s website.
How Diocesan Organizations Can Unleash the Power of Cloud Accounting
/0 Comments/in Diocesan Organizations, Intacct /by rinehimerbakerIf running the finances at a religious organization is a challenge, running the finances at a diocesan organization takes that challenge and multiplies it. Not only do you have to lead financial decision making for multiple funds within one organization, you have to oversee the financial decision making for multiple funds in multiple locations.
The Diocesan CFO Oversees Dozens, if not Hundreds of Separate Entities
While each parish, school, or charitable entity may have its own finance manager and board to whom he or she must answer, the financial team at the diocesan level has to be able to roll up all of the information into a single source of truth. For example, the financial team at our local Catholic dioceses receives reports from:
Simply put, managing a diocese is not only vast, it is complex—with different levels of control and autonomy for each entity, different financial structures and reporting needs. In addition to this, the diocesan CFO may have partial or complete financial oversight for one or more Catholic Charities, which in turn have multiple funds and programs.
Managing Multiple Entities is a Challenge in Itself, Doing So on the Strict Budget of a Faith-Based Organization Makes it Tougher
Not only are you managing all of this, you are managing all of this on a much stricter budget, with stricter oversight, and more stakeholders. You need to report quickly and accurately, address problem areas immediately, and find a balance between unity and granularity.
What makes this harder is that you often don’t have the massive budget for an upgrade and implementation project with huge upfront costs. This leaves you with two options:
Intacct: Accounting Software for Diocesan Organizations
Intacct has provided accounting software for both faith-based and multi-entity organizations for nearly two decades, and has handled everything from single-location churches to multinational, multi-entity companies. Consider this: Intacct is built for growth, able to handle the needs of organizations with:
The only cloud financial management system endorsed by the American Institute of CPAs, Intacct can help you to strengthen stewardship, gain efficiency, and grow funding. The video below shares with you just how effective Intacct is at managing the finances at your diocesan organization:
Leverage the Cloud: Webcast for Diocesan Organizations
As a reseller of Intacct for religious and multi-entity organizations, we are well positioned to help you leverage the power of cloud accounting. We invite you to learn more about the software and its functionality by registering for an upcoming Intacct webcast, How Diocesan Organizations are Improving Stewardship with Modern Technology, in which experts will present challenges and opportunities for diocesan organizations, sharing:
Running the finances at a diocesan organization is complex, but by leveraging the power of the cloud, you can take control of diocesan fiscal management. Register here for the webcast, learn more about Intacct for diocesan organizations, and contact rinehimerbaker for more information.
3 Reasons You Should Use Intacct For Project Accounting
/0 Comments/in Intacct /by rinehimerbakerIf your finance and leadership teams depend on project accounting to track everything from estimates, budgets, costs, billing, and success—and everything else in between—you can appreciate the value of accurate, timely data and swift insights. You need a solid understanding of how past projects performed so you can ensure you’re on target for each current project, not to mention future projects. With so many moving parts, you could easily say that the “devil is in the details;” but why not incorporate cloud accounting into your project management process and uncover the goldmine waiting to be explored? Read more
How the Cloud Provides Real Time Insights for Real Time Decision Making
/0 Comments/in Cloud, Intacct, Outgrowing QuickBooks /by rinehimerbakerFinancial professionals at growing organizations face a ton of challenges. From ‘doing more with less’ to ‘taking on more roles to support the company and inform executives,’ there is little time to waste. Unfortunately, with this rapid growth comes the fact that there will only be more work to do in the future, and with the talent gap that exists, it’s unlikely you will have the help to do it. This is why it’s important to save time wherever you can and improve the speed and confidence in the way you make decisions.
The Need for Speed
One of the biggest challenges that growing organizations face is that employees need to do more without adding staff. However, as an organization grows, there are more transactions, more requests from stakeholders, and more numbers to crunch. This means more work inputting data into the accounting software (or worse—spreadsheets), manipulating the data into something useful, and creating actionable outputs in the form of reports.
Speed and automation were just a couple of the eight things you should look for in an accounting software solution. Click the aforementioned link to see part 1, and read part 2 of that blog here.
Three Reasons You Need Accurate Real-Time Information At Your Business
We briefly recognized lack of speed as one of the top challenges in our blog on knowing when QuickBooks no longer makes the cut, but would like to talk today about why speed and real-time decision-making is so important for organizations looking to jump on new opportunities when the time is right.
The Agility You Need
The beauty of working at a small business is that you can move faster than an enterprise. Unfortunately this agility can’t be recognized without the right information at the right times.
If you are spending too much time crunching the numbers that your company can’t recognize the first-mover advantage that exists when there are no committees and sub-committees of decision makers and influencers. Real-time decision making requires real-time information, when you need it, where, you need it, and how you need it:
Accuracy You Can Rely On
Did you know that nearly every spreadsheet contains errors? If you are driving the decision making at your business with financial metrics, you need to make sure that the numbers are right, as an incorrectly calculated number could mean that you are jumping at an opportunity that you can’t fund, or taking a holding stance when you actually could make a move.
With over 11,000 customers, Intacct has a repeatable, accurate, and efficient way of stacking up the numbers, and has the development capabilities to provide the answers you need.
Time Savings to Deliver Better Strategy
With APQC estimating that nearly half of a financial professional’s time being spent on transaction processing—making sure the lights are on—they also estimate that only 18% is spent on control, 17% is spent on decision support, and 16% on management activities.
With all this time spent on basic activities, and so little being spent improving the business, there is a lot of room for improvement. Executives want fast, reliable, and concise information about how decision A will impact outcome B.
APQC found that successful companies have worked hard to boost the productivity of their transaction processing, simplifying systems, reducing the number of vendors, employing workflow automation for processes like invoice approvals, streamlining ERP environments, and standardizing to a single chart of accounts.
If you hope to take the steps to reduce the time spent processing transactions so you can get back to improving the business, you need to automate what you can so you can put those skills to better use.
Learn Even More
Our latest whitepaper, Taking Your Accounting System to the Next Level, explores some of the warning signs, challenges, and opportunities that organizations face when they outgrow entry-level accounting software. Download the whitepaper here, take your understanding even further by reading the 2017 Buyer’s Guide to Accounting Software on Intacct’s website, or learn more by reading the preview of our whitepaper below.
Gartner Releases New Magic Quadrant for Cloud Financial Management
/1 Comment/in Intacct /by rinehimerbakerSome shockers, some expected results, and some huge news in the latest Magic Quadrant from the global analyst firm Gartner. In recent weeks, Gartner released a new Magic Quadrant (MQ)—Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises—to help businesses understand the evolving and expanding market that is Cloud ERP.
First Ever Gartner Magic Quadrant for Cloud Core Financial Management Applications
Up until recently, Gartner avoided building a Magic Quadrant for core cloud finance, due in part to the buying cycle that goes with core financial management applications. Many customers were not looking for an ERP upgrade in recent years, and the immense global players weren’t yet ready to move to the cloud. Now, however, there is a market shift to cloud applications, and CIOs, CFOs, and boards are finding that the cloud offers the security, uptime, and flexibility that they need.
What is Gartner’s Magic Quadrant?
Gartner’s Magic Quadrant reports are a culmination of research in a specific market, giving companies a wide-angle view of the relative positions of the market’s competitors. The reports help prospective buyers quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner’s market view.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation.
The Evolving Cloud ERP Market
Gartner saw this, noting that there is a shift from static to dynamic, and there is soon to be $31B in play for cloud financial management and “postmodern ERP.”
“The market for core financial management suites has been static for many years. However, over the last 12 to 18 months, cloud core financial management suites have matured to such an extent that they have disrupted this static market. This reflects the increasing prevalence of postmodern ERP strategies (see “Schrödinger’s Cat: How ERP Is Both Dead and Alive”). Postmodern ERP is the deconstruction of suite-centric, monolithic, on-premises ERP deployments into loosely coupled applications, some of which can be domain suites (such as core financials or HCM) or smaller footprint applications that are integrated as needed.”
How Gartner Compared Core Cloud Financial Management Applications
For this Magic Quadrant, Gartner defines core financial management suites as follows:
Visual: Magic Quadrant for Cloud Core Financial Management Suites
The Results Are In: Upsets, Expectations, and Big News
First? The shockers: Some of the largest and well-known players (SAP, Epicor, Deltek) found themselves in the “niche players” category—something that surprised Enterprise Irregulars contributor Vinnie Mirchandani, who said “I honestly cannot remember the last time SAP showed in the lower left quadrant – for niche players – in a Gartner MQ”.
The Expected Results? Global Player Oracle showed up highly on the list for its Oracle ERP Cloud—a solution built to meet the needs of the largest enterprises in the world. This comes as no surprise, as the company displays immense market presence and had begun to make moves to the cloud earlier than many other global software players.
The Big News: Intacct Named a Visionary
The big news? Intacct was named a visionary, receiving high marks both for its completeness of vision and its ability to execute receiving the third and fourth highest marks, respectively.
Intacct’s Completeness of Vision Blows Away the ‘Old Guard’ of Vendors
Completeness of vision, the more qualitative of the measures, is based on eight components: Market Understanding, Marketing Strategy, Sales Strategy, Product Strategy, Business Model, Vertical/Industry Strategy, Innovation, and Geographic Strategy.
This is a notable victory, but is one that plays into Intacct’s strengths and internal focuses. Intacct has a well-defined mission and business model, and has been known for its success within its market.
Ability to Execute Only Surpassed by Two Giants
While Intacct’s completeness of vision was impressive if not expected, the company’s position on ability to execute is notable, as it exceeded industry giants like SAP, Epicor, Deltek and Microsoft; companies whose operating budgets, global scale, and therefore visibility dwarf Intacct’s.
In fact, when the only companies exceeding the ‘ability to execute’ are two massive publicly traded companies:
Still, with only three vendors who exceed Intacct in ability to execute, Intacct’s notable focus and ability to meet the needs of customers demonstrates the company’s ability to compete and provide a powerful product to growing companies in the middle market, scaling with these customers as they grow.
Conclusion: The Right Size and the Right Focus for Your Midsized Organization
While many reports will focus on “ERP as a whole,” noting the largest platforms—both cloud and on-premises—this is one of the first reports that looks at applications ranging from midmarket to global, as well as looking at qualitative measures like vision.
One thing Gartner does focus on when talking about Intacct is that while it is able to handle the midmarket, it can also scale with organizations, noting that Intacct’s successes:
This report is normally available only for Gartner clients, but for a limited time, those interested can get the report for free from Intacct’s website.
How Church Financial Leaders Can Break Their Spreadsheet Habit
/0 Comments/in Churches, Intacct /by rinehimerbakerSpreadsheets. Used to manage everything from personal activities and budgets to organizational financial activities, the latter of these poses a multitude of dangers for religious organizations who try to manage funds, cash flows, and expenses using them.
The use of spreadsheets is prevalent in finance, but poses a danger, as a majority of spreadsheets contain errors. Worse, the time spent copying, manipulating, and pasting data is time better spent driving the organization’s strategy or focusing on the mission of your religious organization. Today, we’d like to share with you the dangers of spreadsheet gluttony and how to break your religious organization’s spreadsheet habit.
The Pains of Spreadsheet Gluttony
Spreadsheet gluttony is just one of the seven deadly sins of financial management—joining other common pain points like lack of compliance and slothful tracking—but it is often the most painful and risky ones that plagues financial leaders at churches.
Inaccurate Fund Management
When it comes to managing the different funds at your religious organization, your job includes disbursing, recording, and reporting how the church is managing its funds. When you use spreadsheets, however, you can’t guarantee speed or accuracy in doing this, and the distribution of money into different funds and the management of said funds becomes more challenging with growth.
If you can’t manage the funds, you can’t share in detail what you’re doing with parishioners’ money (which we will discuss below) and you risk the tax man’s hammer. An improperly filed Form 990 can result in the loss of tax exempt status. Learn more about the Form 990 here.
Lack of Detail
The biggest pain of spreadsheets is the lack of insights they provide into the numbers. Even if you are an expert at writing formulas and building relationships between data, this is still only scratching the surface of what could really be measured.
Now you may be thinking, “I don’t need all of these bells and whistles,” but when push comes to shove, you have to realize that your parishioners are more taxed than ever and have more choice in where they send their money as well. This means you need to share with parishioners that you are making good use of their money, as well as knowing when to ask for more.
Details matter, and being able to communicate these details efficiently and accurately to stakeholders, parishioners, and institution leaders was one of the biggest challenges we highlighted in our last blog, Three Common Annoyances Faced by Church Financial Teams.
Less Time Focusing on the Mission
It’s unlikely you got into managing the finances at your religious institution for the lucrative paycheck. It’s more likely you joined for the rewarding work and to help more people to find the grace of religion.
When you rely on spreadsheets and other antiquated processes in accounting, you are taking time directly away from this mission. By automating your processes, you can take the time back your time so you can give back more (or recognize the hidden value of wasting time).
Conclusion
An overreliance on spreadsheets is just one warning sign that your church is outgrowing its accounting software. If you are plagued by extended times generating reports, getting information to decision makers, or even buying paper, it’s time to learn about your options.
At rinehimerbaker, we are focused on helping your church, synagogue, or other religious institution to select, implement, and operate accounting software and other complementary applications. We welcome you to download our guide for organizations outgrowing QuickBooks, to take a look at Intacct’s 2017 Buyers Guide to Selecting Accounting Software, and to read the following to learn even more:
ASC 606 Step-by-Step Part 2: Performance Obligations
/0 Comments/in ASC 606 IFRS 15, Intacct /by rinehimerbakerThe effective date for ASC 606 is rapidly approaching, with public companies needing to complete the transition to the new standard by the end of this year, and private companies having just under 18 months to make the move. In today’s deep-dive, we would like to explore in detail the second step of the five-step process: Identifying performance obligations. Read more
How Cloud Accounting Delivers the Hidden Value of Wasting Time
/0 Comments/in Cloud, Intacct /by rinehimerbakerGetting more done in less time and finishing a task early. Doesn’t it sound fabulous? Also too good to be true, perhaps, because there’s always something we can do to with that extra time to be even more productive. But why not take a counter-intuitive approach: use that extra time to do anything but work. You just might get more done in the log-run. Read more
Product Spotlight: Gusto HR, Payroll, Benefits, and More
/0 Comments/in Cloud, Gusto HR /by rinehimerbakerAt rinehimerbaker, we are committed to helping you find the right software for your business needs. As an Intacct Partner and consultant providing a multitude of leading cloud technology options, we are proud to partner with some of the leading names in business software including Bill.com, MineralTree, Tallie Expense Report Software, and Gusto HR, Payroll, and Benefits, a product which we will be introducing you to in today’s blog.
One of the biggest headaches that organizations have is that of HR. Often tasked with managing a process that is manual, laborious, and outside of the average business owner’s job description, the idea of managing HR is painful and—in the modern compliance environment—risky.
Gusto HR Services: Online HR for Payroll, Benefits, and Everything Else
From workers comp to payroll to the compliance landmine that is health benefits, small and medium businesses often need help. Luckily, technology has become more accessible to manage all of this and shade business owners from risks and pitfalls. Gusto is one of these options, helping growing businesses to mitigate their risk from the alphabet soup of government agencies who would gladly impose fines over a missed decimal or incorrect form.
Touted as all-in-one payroll, benefits, and HR, Gusto takes the human element out of the administrative tasks at over 40,000 businesses, automating processes so that leaders can focus more time on growing the business. Today, we’d like to discuss some of the features, but for more, you’ll need to contact us or head to their website.
Online Payroll
Paying full-time or part-time employees as 1099s is illegal, but paying them as W-2 employees is complicated—especially when you’re doing it manually. Gusto offers easy-to-use payroll from onboarding to end of year and everything in between:
Health Benefits
We know, the health benefits landscape is complex. For businesses, setting up plans that are affordable while offering competitive plans is a challenge. But for your employees, understanding their roles and responsibilities in enrolling in health insurance is a challenge in and of itself.
Gusto was designed to meet the needs of both the employer and the employee navigate the health benefits and health insurance landscape. Learn more about the health benefits offering here.
Benefits: 401(k), 529 College Savings, and More
In addition to offering an intuitive, user-friendly health benefits platform, Gusto can also help you prepare your employees for major life events like retirement or sending a child to college.
With Gusto 401(k) retirement plans, the company will help your employees make easy and affordable investments, and since it works with payroll, setup is simple and making contributions is simple.
Similar to how they make retirement savings easy, Gusto makes it easy to put money away toward your child’s education with a 529 prepaid tuition plan.
Workers Compensation
Gusto can help you to mitigate risk for yourself and your employees—making it easy to get and stay covered with easy online enrollment, pay-as-you-go payments, and integration with payroll. Gusto offers an instant estimate and policy offer, and ability to e-sign immediately.
HR
Even with all the bells and whistles mentioned above, Gusto still gets the basics done. As an all-in-one HR software, Gusto streamlines onboarding, consolidates employee records and reduces administrative busy work. We’re getting you out of the maze of spreadsheets and back in front of your team.
Gusto makes it easy to:
All this and more in the All-in-one Gusto platform.
The Best Cloud Services from the Trusted Team at rinehimerbaker
At rinehimerbaker, we are proud to help growing businesses to select implement, and manage their finances, HR, and more in the cloud. As an Intacct Partner, we also work with leading software providers like Gusto to allow you to grow without the headaches that come from manual, laborious processes. Learn more about Gusto, learn more about our services, and get in contact with us for more information.
The Need for Speed at Nonprofit Organizations
/0 Comments/in Nonprofits /by rinehimerbakerNonprofit leaders have some unique challenges, but one of the most common and pressing issues to address is that you need to get things done quickly, but also need to get these things done without the resources of your for-profit counterparts. Whether that means creating reports without a large staff, answering donor questions or managing funds without relying on an IT team to write scripts, or simply closing the books each month, you have a lot of work with not much help. Read more
Three Common Annoyances Faced by Church Financial Teams
/0 Comments/in Churches, Intacct /by rinehimerbakerDo you manage finances at a church? If so, you know that there are some unique challenges. From managing people to managing funds, it’s likely you are doing more than just financial work, and when the financial work starts taking more and more time each month, it’s taking away from the other work you need to do, as well as the ministry work you want to do. Today, we would like to share with you three common challenges that affect churches, and a couple options to overcome them.
Monthly and/or Weekly Reporting
Churches and other faith-based organizations are held to a high standard by their parishioners, who like to see that their tithing and other contributions are being used to do good for the community and for the church itself. Church leaders like to see steady or rising attendance numbers, and stakeholders like seeing a stable financial future for the church.
For financial and church operations professionals, the best way to communicate this is through a weekly, monthly, quarterly, or annual report to share the financial health of the church and each of its funds, as well as attendance numbers, projections, P&L statements and more.
Unfortunately, for churches without the processes or technology in place to get the job done, generating these reports requires a lot of manual effort—copying and pasting data between multiple documents and spreadsheets, transposing information from paper into a computer, manually analyzing the numbers, and hoping there are no errors in any of the processes or documents.
Put simply, the process of generating a report takes more and more time each month, and the growing amount of data means that each month takes just slightly longer than last.
Getting Information to Decision Makers
If the information is delayed—or worse, incorrect—decision makers are unable to lead your church’s long-term strategy. When it comes to fund accounting, delays in reports could hold back your ability to expand, improve, or work on outreach—all of which could lead to lower turnout or fewer contributions from parishioners who feel their money is not being used properly.
By improving processes and technology, you can gain access not only to faster reports, but smarter and more robust reports based on more metrics.
Buying Paper
How much do you spend on paper each month? With outdated accounting technology, you could be wasting much-needed on paper, when there are modern options that help you to break your paper habit.
With newer technology, you can get rid of the paper-based processes that waste time and money to complete, allowing you to focus even more energy on ministry. By automating your church’s financial processes, you can free yourself of the paper costs and the time and effort it takes to print, scan, convert, and enter data.
The cloud has been a game changer in the nonprofit space, and now, even more churches are getting on board. By moving to the cloud, churches are able to get world-class technology without the world class costs that come with it. Better security, fewer upfront costs, guarantees you can count on, and more.
Conclusion: Have the Time and Money to Do More
When you can focus your time and effort on ministry, it means that you getting back to the basics and focusing on what really matters: Doing God’s Work. If you want to grow your church without growing your accounting staff we would like to hear from you. Intacct Cloud Financial Management is easily customizable to your church’s needs, Intacct can help you save money, automate processes, strengthen internal controls, and easily report to multiple stakeholders. Intacct helps your dollars go farther, so you can do more with less and be the best steward possible.
Intacct Success Stories
Churches of all sizes and denominations have made the move to embrace cloud accounting with Intacct. From local to multi-location megachurch, Intacct has been there, providing the automation that financial leaders need to get back to focusing on the mission. A fair share of Intacct’s 11,000+ customers are churches, and among the success stories:
rinehimerbaker is ready to help your church leverage the cloud to improve financial processes and free up time to get back to mission and ministry. Get in contact with us to learn more.