Transform Your Care Home Group’s Financial Management
Is your accounting system struggling to keep up with your growing care home group?
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.
Sage Intacct is a cloud accounting solution which takes complexities in its stride. Find out why successful care home groups choose Sage Intacct in this article.
Care home businesses that move to Sage Intacct notice significant improvements in 3 key areas – reporting, multi-entity management and automation of manual processes.
Let’s take a deep dive into each one.
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 on a set schedule.
- Custom Dashboards: Get a real-time view of performance at group, region and location level with a mix of reports, graphs, charts and KPIs.
- Drilldown Capability: Investigate figures further by clicking into them to quickly drill down to the source transactions.
- Role-Based Dashboards: Configure dashboards for specific roles, such as Area Manager or Home Manager, giving key staff access to insights anytime.
- User Access: Maintain full control over user permissions to ensure data security.
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 our case study.
Read more here
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 in minutes and pulls 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.
The Secrets of Successful CFOs Research Report
81% of finance leaders acknowledge that automation frees them up for more strategic initiatives.
Out of the CFOs currently using AI and Machine Learning, 77% reported experiencing revenue growth in the last year.
78% of finance leaders said that implementing AI in finance is crucial for organisations to stay competitive.
3. Automating Manual Processes
According to Sage’s research, 85% of CFOs believe they will 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, allowing you to focus on more valuable and rewarding tasks, such as data analysis, strategic planning and improving processes.
- Inter-Entity Transactions: Automatically posts corresponding journal entries for cross-company transactions
- AP Automation: Processes invoices from suppliers automatically, creating draft invoices for your review.
- Bank Reconciliation: Continuous bank feeds and matching rules streamline your bank reconciliation process.
- Approval Workflows: Set up approvals based on transaction amount, type and frequency to prevent unauthorised transactions.
- GL Outlier Detection: Flags abnormal entries, reducing time spent checking data.
Your Sage Intacct Partner
Switching to a new accounting system can seem daunting, but having a solution that meets your growing business needs is invaluable for both your organisation and your work-life balance.
Our team of Consultants, Project Managers, and Developers work together to make the transition to Sage Intacct as smooth as possible. Read our case study with Gold Care Homes to see how we helped them improve efficiency with Sage Intacct.
For more information about Sage Intacct, please complete the enquiry form.
Interested to know more about our Sage solutions?
Call 01332 959008 or enquire online today
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