Healthcare Accounting Automated Workflows with Sage Intacct

Sage Intacct automated workflows streamline key financial processes so that finance departments in healthcare organizations become more efficient with the entire procure-to-pay process from purchasing to accounts payable, monthly financial closes, and management reporting. 

Automation also helps capture and centralize financial data so that you can gain insight into what's happening at each location as well as the overall organization. Additionally, automation within a cloud-based solution reduces the need for IT support freeing them up so they can focus on other areas of the business and not increase IT headcount.

All of the above can lead to increased productivity, which can help you either re-purpose staff accountants as business analysts or other higher level responsibilities, or avoid hiring of an additional 1.5-2 full-time employees at $80,000 to $100,000 per year.

Procure-to-Pay Automation

Sage Intacct Purchasing automates your organization's unique workflows to streamline purchase requisitions, purchase orders, and approvals. It's integrated with Sage Intacct Accounts Payable, Cash Management and Inventory Management—so you enter data only once—and enables you to attach files with drag-and-drop simplicity for easier record keeping and instant access to supporting documents.

This gives your purchasing team at-a-glance access to critical, real-time information, so staff can focus on making the right decisions. Use customizable, role-based dashboards—which appear as soon as you open the application—to quickly check on budget to actuals, competitive quotes, price breaks, and more.

Sage Intacct Purchasing also includes best practices templates to help ensure everyone complies with your purchasing requirements. Use these templates to create standard workflows and approvals for requisitions, quotes, returns, and more. You can also customize the templates to suit your organization’s unique needs.

Automate Your Allocations with Sage Intacct

Sage Intacct helps you automate allocations. The Resource Group helped one of our eye care clients automate custom workflows, allowing them to allocate accounts payable invoice line items across eight clinics with rules that vary by expense type.

Sage Intacct Purchasing Automation

Quickly access specific purchasing tasks or data using visual navigation.

Financial Close & Reporting Automation

Virtually every finance team wants to see faster closes that minimize the time required to issue monthly or quarterly financials. The good news: many of these same techniques that accelerate the closing process actually enable a more sophisticated level of real-time reporting, so the entire organization is aware every day about how the company is performing.

When your financial software delivers data in real-time, you can issue a wider array of reports faster and more frequently. And that frequent reporting takes pressure off the month-end financial report because managers and executives already have a handle on problems and acting to find solutions. With real-time reporting, your company can monitor and react to issues to improve performance.

Another key to real-time reporting and analysis is a cloud-based accounting solution that pulls in data from different entities and sources. This eliminates the time of manual data entry, external spreadsheets, and the associated errors that can slow down your financial reporting.


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Sage Intacct Whitepaper

Leveraging Cloud Financials to Support Growing Healthcare Organizations

Healthcare Sage Intacct Whitepaper

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