Why Choose Sage Intacct for Care Homes
Is your accounting system struggling to keep up?
Slow loading times, manual processes and limited reporting options are just a few of the signs that your current software is no longer meeting your needs.
Care home businesses that move to Sage Intacct notice significant improvements in loading speeds and increased functionality in 3 key areas – reporting, multi-entity management and automation of manual processes.
In this article, we’ll discuss each of these in more detail.
1. Detailed Reporting & Dashboards
Running the financial operations of a care home group without accurate data is like sailing through fog – you need a clear view to make strategic decisions.
Sage Intacct’s reporting and dashboard tools provide quick and easy access to detailed insights, combining financial and operational data such as beds available and beds occupied.
- Reporting Schedules: Set up reports to generate automatically and send to the relevant people.
- User Access: Maintain full control over user permissions to ensure data security.
- Custom Dashboards: Get a real-time view of performance at group, region and location level with a mix of reports, graphs, charts and KPI performance cards.
- Drilldown Capability: Investigate figures further by clicking into them to quickly drill all the way down to the source transactions.
- Role-Based Dashboards: Configure dashboards for specific roles, such as Regional Manager or Home Manager, giving key staff access to insights anytime.
Example: Dashboard for a Regional Manager with KPI performance cards and expense reports and graphs.
2. Seamless Multi-Entity Management
Managing multiple care homes separately through different logins (or different accounting platforms) makes reporting and consolidation at month-end a nightmare.
With Sage Intacct, all your entities run on the same database and can share information such as suppliers and chart of accounts.
Sage Intacct can consolidate 100s of entities and eliminate intercompany transactions within minutes. It’s also quick and easy to pull data from all your homes into reports and dashboards, where they can be reviewed at any time. So, you can say goodbye to using spreadsheets for manual consolidation!
Received an urgent query regarding one of your homes? No problem, you can easily switch between your locations and entities in Sage Intacct without disrupting your workflow.
Example: Splitting the cost of a transaction between multiple different entities with varying amounts.
3. Automating Manual Processes
According to research from Sage, 85% of finance leaders believe they’ll become more involved in strategy and counsel for the overall business in the next 3 years. But you can’t focus on the bigger picture if you’re bogged down by manual tasks.
Sage Intacct offers a variety of automation features that free you from manual processes and prevent mistakes, such as:
- Inter-Entity Transactions: Automatically posts corresponding journal entries for cross-company transactions.
- AP Automation: Populates purchase invoice details using invoices from suppliers automatically, creating draft invoices for your review.
- Bank Reconciliation: Continuous bank feeds and matching rules make bank reconciliation a quick and easy process.
- Approval Workflows: Set up approvals based on transaction amount, type and frequency to prevent unauthorised transactions.
- GL Outlier Detection: AI keeps an eye on the General Ledger for you, flagging abnormal entries for review.
Automating these processes allows you to focus on more rewarding tasks, such as data analysis, personal development and strategic planning.
Gold Care Homes Case Study
Before moving to Sage Intacct, our client struggled with slow loading speeds, limited reporting tools and time-consuming manual consolidation. Find out how we helped Gold Care Homes transition to the cloud in this case study.
Read more here
Your Sage Intacct Partner
Switching to a new accounting system can seem daunting, but having a solution that meets your growing needs is invaluable for both your organisation and work-life balance.
Our team of Consultants, Project Managers, and Developers work together to make the transition to Sage Intacct as smooth as possible. Watch our webinar ‘Strategic Planning for Today and Tomorrow with Sage Intacct’ to see the software in action, using a demo system that imitates a real care home group.
For more information about accounting software for care homes, please complete the enquiry form.
