Working in the healthcare industry can be a truly rewarding experience. Regardless of title, the drive to work in an industry that is centered around helping those in need requires a specific skill set that not everyone is able to provide. The same goes for technology that helps healthcare workers fulfill their duties to the best of their abilities. Not every piece of software in the healthcare technology stack can live up to the rigorous and necessary standards set forth to keep sensitive information private.

That is why Sage Intacct institutes the Three Pillars of Compliance within the could financial system.

Dating back to when it was a product of Great Plains Software. Microsoft Dynamics GP has served the healthcare community well.

However, it's fallen behind in many areas that have a lot of financial management value for both for-profit and non-profit healthcare organizations. This has led us to vetting out new software applications and, for the last five years, we've found Sage Intacct to be a much better fit for our healthcare clients.

This blog explains why: below are the Top 5 reasons to switch from Dynamics GP to Sage Intacct financial management software.

Sage Intacct recently conducted a survey of nonprofit financial professionals, spanning small to large organizations with both single and multiple entities across a wide range of industries. Below is what your peers shared with us as their biggest pain points as part of the survey, as well as how to overcome them.

Biggest Nonprofit Pain Points

Below are the top 5.

Reporting

Nonprofit survey respondents said the #1 biggest pain point is that reporting is manual and time consuming, which causes the following problems:

• Delayed reporting
• Error prone spreadsheets
• Lost time and inefficiency: especially for multi-entities that need to be rolled up

The survey also revealed that over 20% of respondents spend >40 hours per month consolidating data into Excel, and over 45% spend at least 25 hours.

Today's nonprofit world is characterized by greater competition for funding and increased scrutiny of your impact. This is sometimes due to fraud or poor performance of just a few nonprofits, which affect the whole.

Whatever the case, this represents an opportunity for your nonprofit to be transparent, to demonstrate accountability and to strengthen your reputation with funders and the community. And one way to do so is for your financials to be "audit ready" so that you can prove financial health and how you are investing funds in your mission, even if you are not audited.

How can you be audit-ready in a way that enables your nonprofit but doesn't hurt your Return on Mission? Investing in the right nonprofit accounting software is central to the answer.

By Marty Schillaci, CEO of The Resource Group

As the CEO of The Resource Group, I’ve done a lot of research on the future of enterprise resource planning (ERP). Needless to say, I’ve learned some interesting things.