Running the finances at a diocese or archdiocese has all of the challenges that come with running any faith-based organization—with many of the challenges that come with running a multi-entity business.
Not only do you have to keep track of the funds across dozens, hundreds, or thousands of churches under your financial control, you have to handle the schools, foundations, funds, and more, rolling up the numbers into one single source of truth. This makes for a unique challenge, as each entity, each fund, and each account needs to see its own numbers, but you still need the control over everything.
Intacct: Cloud Accounting for Diocesan Organizations
Luckily, Intacct was built to serve the needs of the diocesan organization. Designed not only to handle the unique needs of nonprofits and faith-based organizations, but also of multi-entity businesses, Intacct can help you take control of the entire organization, managing and reporting on each entity separately while still being able to roll up everything to see the larger picture.
Controlling the Information Flow
As a financial leader or CFO, you need to see everything, but you also need to maintain control of who sees the information. This means that each church and school under your control needs its own autonomy and to view its own information. Luckily, Intacct makes this easy for diocesan organizations.
With Intacct, each location or entity can use its own chart of accounts and financial reporting requirements. Perform real-time consolidations quickly and easily, saving time by automating inter-entity consolidations and eliminations.
Reporting When and Where You Need It
While the finance council may only meet four times a year, this obviously isn’t the only time you’ll need to generate reports. With over 150 standard reports included in Intacct and the ability to build your own with the click of a button, diocesan financial leaders can take comfort knowing they can generate a report in minutes, not days.
Additionally, thanks to Intacct’s multi-entity design, these reports can be generated easily for each parish, school, fund, or foundation, allowing you to slice and dice the numbers as you see fit.
Faith-based organizations are consistently being scrutinized by regulators, parishioners, and members of the financial board. This is why you need to be ready to answer questions about each of your locations when questions arise and answer these questions quickly and accurately.
Thanks to simplified, accurate reporting with Intacct, finance leaders at dioceses can access the information they need to share, knowing that they are always ready to answer to an internal or external audit.
Promises Kept in the Cloud
The cloud has made it easier for faith-based multi-entity organizations like dioceses to get world-class financial management software and world class service without world-class costs. Thanks to Intacct’s cloud architecture, you get top of the line financial management and reporting in one predictable monthly cost. Leverage the power of the Intacct for anywhere, anytime access—from desktop, laptop, tablet, or smartphone.
On top of this, you get complete security, guaranteed performance, and quarterly updates based directly on user feedback.
Bring It All Together with Integration
Intacct was built as a best-in-class application, and was built to work with many of the software platforms you already use. Thanks to Intacct’s open API architecture, you can easily integrate with other systems in your organization for even greater efficiency.