Step right up. We’ve figured out how to do magic tricks on our blog. For our first trick, we’re going to read your mind. Are you ready?
Okay, we’re getting strong signals from a few of our readers who work in the healthcare and nonprofit worlds. For these folks, it seems like your most-hated administrative burden is… compliance! Is that right?
We hear you loud and clear. Compliance can consume a significant amount of time and energy, so it’s no surprise that it is at the forefront of your thoughts most days. Our VBCC healthcare and nonprofit software experts also think about compliance extensively, which is why we’re pleased to present our next magic trick: cutting your worries in half with Sage Intacct’s compliance capabilities.
How to Reduce the Time You Spend on Compliance Tasks for Healthcare & Nonprofits
Some compliance tasks are shared across industries. Others are unique to each specific industry. Sage’s compliance capabilities meet the general needs of many industries, but they were specifically designed to address the mandates that healthcare and nonprofit organizations face.
You have a hectic day today, so we don’t want to overwhelm you with a list of every compliance function Sage offers for your industry. Instead, here’s a quick, snappy overview of how Sage Intacct can cut your compliance worries for:
Healthcare
Sage Intacct is highly regarded for its strong financial and compliance capabilities that serve the healthcare industry. In fact, it is the only healthcare accounting software endorsed by the AICPA and designated as Peer Reviewed by the Healthcare Financial Management Association.
It offers:
- HIPAA-compliant controls
- Solid PHI security & robust data protections
- Real-time operational & financial insight into current compliance metrics (when you securely sync up your operational management software with Sage)
Having fully integrated, compliant data available in real time at a glance, along with audit-ready reporting, can feel like magic. These capabilities also significantly reduce your administrative burden, allowing your team to focus entirely on delivering outstanding patient care.
Nonprofits
There’s a reason why Sage Intacct is the #1 cloud fund accounting software for nonprofits. It is fully compliant with ASU 2018-08 and ASC 606, allowing you to slice and dice your data at any time to gain immediate insight into your impact and outcomes.
It also offers:
- Secure connection to external databases like HMIS
- Automated revenue recognition capabilities with compliance-ready reporting
- Full, instant transparency into how donor funds were spent
Of course, Sage keeps your recipients’ data fully protected and provides easy-to-read dashboards that include all your critical metrics in one view. Many nonprofits still collect and compile this data manually, which means automation can greatly reduce your administrative costs. Because of this, your new Sage Intacct compliance capabilities are likely to feel downright magical for your admin budget.
All Industries
In addition to its highly specific capabilities, Sage also delivers more generalized compliance features built into everything it does, such as:
- Solid security & reliability with encryption, firewalls, backups, and 99.99% uptime
- Robust financial controls that include full audit trails
- Secure AI automation to reduce error-prone manual data entry and costly inaccuracies
Sage’s cloud accessibility also helps you ensure secure data access anywhere, any time, on any device. Train your staff to take advantage of this seamless access, so you can also avoid those noncompliant data leaks that result from taking data home by saving it to flash drives, printouts, or personal email accounts.
The Magic of Setting Up Sage Intacct Compliance Capabilities the Right Way
And now, the VBCC experts are pleased to present our final magic trick: our proven implementation process.
If that doesn’t sound like a magic trick to you, well… you clearly haven’t worked with another consultant yet.
The proven VBCC implementation process for healthcare and nonprofit organizations includes careful listening and creative problem solving, all the way from Day 1 to “Go Live.” It concludes with extremely detailed testing and workflow refinement, helping ensure that none of your critical compliance requirements slip through the cracks.
Over the past 30+ years, we’ve completed 700+ Sage implementations. When you combine our team’s extensive experience with the impressive Sage Intacct compliance functionality, we bet you’ll be saying “It works like magic!” every time you log into your new ERP solution.
