For fast-growing charities or not-for-profits, it’s sometimes too easy for spending to get off-track. Different departments have different expenditure needs and want to purchase from preferred vendors. And with employees in multiple locations, you face an increasing need for smart, effective controls and complete visibility to avoid the overspending and unexpected costs that can limit business growth.
Sage Intacct spend management software lets you govern all charity and not-for-profit spending compared to your budgets, so you never spend more than you should. And with real-time dashboards, you can thoroughly analyse the “spend trend” to stay on top of company purchases and reduce unplanned variances.
With Sage Intacct spend management and procurement software, you can automatically enforce spending limits to avoid budget variances and meet your charity or not-for-profit policies. Sage Intacct’s multidimensional architecture lets you create custom validation rules based on the type of spend request (such as direct and indirect items), department, and location. Sage Intacct can even send alerts or stop spending if a request exceeds the budget.
Sage Intacct spend management gives you instant visibility into spending vs. budget. Immediately assess the impact when reviewing a spending request or see how much has already been spent. You’ll make more informed decisions on spending requests when you can see whether there are enough funds in the budget.
"Now that our supervisors actually see their financials on a daily basis in Sage Intacct and know how much money they have available to spend, they’re tightening their belts and taking cost control very seriously. As a result, we’ve cut the variance between our operating expenditures and operating revenues in half. Thanks to this declining variance, we’re able to expend our property tax levy income for much-needed capital improvements, as opposed to spending it on operations."
Finance Director, Bay County Medical Care Facility
Sage Intacct’s multidimensional system lets you track budget vs. actuals based on the attributes that matter most: department, location, vendor, and more. Our dashboards let you slice and dice your data quickly and easily to see trends and monitor variances in real time. See the big picture in seconds and make better, faster, and smarter decisions.