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Finding the Right Accounting Software for Your Association

Kim Anselmo - Tuesday, March 07, 2017

Focus on Your Mission, Not on IT

Focus on Your Mission vs. IT: Findng the Right Accounting Software for Your Association

Whether you're a trade association, a labor union, a professional society, or otherwise, there's nothing simple about managing the financials of a nonprofit association. The day-to-day challenges of dues collections, fundraising, budgeting, and reporting do not let up. It may seem as if you need to build a technology empire just to handle these demands.

What if there was accounting software that worked so well that it gave you clarity on your financials and left you with more time to focus on your association's mission—accounting software that left your sanity intact...?

Intacct for Associations

Discover what associations around the world have come to rely upon: Intacct is the leading provider of cloud-based financial management and accounting applications for associations because it streamlines every aspect of financial planning, management and reporting while being cost-effective and user-friendly.

Cloud Accounting Software

As a cloud-based system, Intacct provides secure, 24/7 access to your association's financial and operational data from anywhere an Internet connection is available. There's no need to buy software, hardware or any infrastructure. A reasonable subscription fee puts the system at your fingertips as a modest monthly expense instead of a costly capital investment.

Other benefits include employees being able to log hours and expenses remotely, stakeholders being able to access reports and documents anytime and simultaneously, and managers can view task or project level accounting that is tied to the funding source and tracked across multiple fiscal periods. Remote transaction approval also eliminates having to track down people.

The Intacct accounting software cloud is managed around the clock by Intacct experts and operated through high-security IBM data centers, so you need not worry about downtime or intrusions.

Real-Time Operational & Financial Visibility

Intacct is the first and only financial management and accounting system that provides a rich multidimensional, multi-ledger system that makes it easy for you to capture granular financial and operational data in exactly the same way you manage your association.

You can use Intacct to gain real-time visibility into all aspects of your association’s finances using powerful general ledger and sub-ledgers to:

  • Analyze revenue and margin by event, by product or by member type
  • Understand the performance of your association by location or team
  • Obtain the true cost performance for each of your projects and programs
  • Track the revenue and expense tied to each volunteer, member or employee or any other aspect unique to your association

Achieve World-Class Stewardship of Funds

Intacct features rich fund accounting that enables you to track an unlimited number of sources of funds—including grants, endowments or donations—and you can tie time and expenses at the employee, task or project level back to one or more sources of funds.

Because these programs may run for many years and cross fiscal periods, Intacct gives you the ability to configure all reporting, analysis, modeling and planning to cross fiscal periods and to span multiple fiscal periods.

Flexible workflow and approval processes make it easy to define multiple levels of approvers for various sized transactions. Intacct also automatically routes any associated documents to the correct individuals for their approval, notifying them by email to take action. There is no need to deliver paper checks for signature — approvers just log into the system, review the documents and approve electronically. This is an enormous time saver for organizations that need outside directors to approve payments, or have a distributed finance organization.

Accelerate Billing & Collections

Who doesn't want their money sooner? The more quickly and accurately you generate invoices from dues, orders, subscriptions, events or other revenue sources, the faster you get paid.

Intacct helps speed invoicing cycles by automatically generating invoices from timesheets, expenses, purchases and accounts payable transactions. It includes extensive automation for recurring billing with flexible scheduling—and if your account management team uses Salesforce CRM, it can even automatically create renewal opportunities in Salesforce so your account managers can engage your members ahead of their renewal.

Intacct eliminates manual data re-entry and provides more accurate billing, reducing conflict with your members and accelerating your billing and collection cycles.

Tailored, Efficient & Worry-Free

There are so many benefits for associations using Intacct, that it's difficult to lay out everything here, so we recommend viewing a demo, downloading a free trial or requesting a live, one-on-one demo.

When you're ready to move to a robust and customized system of financial management with Intacct, it will free you to focus on your mission and providing first-rate service to your members, instead of IT.

Contact us to discover the right accounting software for your association

2019 Accounting Software & Financial Management Buyer's Guide

2019 Accounting Software & Financial Management Buyer's Guide

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