Navigating the financial side of senior care can be quite the balancing act — functioning as a business, a healthcare provider, and a home for residents means interpreting data through various lenses. To do that, senior living leadership needs visibility into financial and operational metrics to make informed decisions. However, running reports manually is time-intensive and leaves room for blind spots.
Fortunately, there are financial reporting software options designed for the unique needs of this industry, so organizations can improve how they track and use their financial data. Sage Intacct reporting for senior living is at the forefront of these providers. The reporting offered through these tools is intuitive and automated to help your accounting team operate with more insight and efficiency.
What Is Sage Intacct?
Sage Intacct is a dynamic, cloud-based accounting software that can be a customized financial solution for senior living organizations’ unique needs. While this post focuses on how the reporting features can empower your team with data-driven insights, it’s just the beginning of what Sage Intacct offers.
Key Features of Sage Intacct
- Define, track, and report on critical organizational objectives through unique, defined
parameters.
- Personalize dashboards for real-time operational and financial visibility by funding
stream.
- Access 150+ templates.
- Automate revenue management.
- Easily manage multiple entities.
- Produce reports from multiple operating dimensions.
- Track and report on funding restrictions, program outcomes, and budget to actual
results.
- Have 24/7 accessibility from any mobile device on a secure internet connection.
- Gain deep insights into project accounting workflows.
Sage Intacct Reporting Provides Key Financial Solutions for Senior Living
Senior living communities have unique financial needs that require a specialized approach. Sage Intacct reporting simplifies financial data and provides valuable insights. Plus, it can be tailored specifically for the senior care sector. The software’s advanced reporting capabilities provide real-time insights into operations, program effectiveness, and overall financial performance.
Exploring the Key Benefits and Features of Sage Intacct Reporting
Transitioning to Sage Intacct reporting for senior living can significantly benefit teams looking for better financial solutions in senior living. Here's what the software’s reporting capabilities bring to the table:
Instant Insights With Real-time Reports
Reports don’t wait until the end of the month. Get financial reports and charts based on
real-time data from the software’s intelligent general ledger (GL).
Customizable Reporting to Meet Your Needs
Sage Intacct has over 150 built-in reports as well as customizable dashboards that enable strategic decision-making. Every report can be adjusted or customized to match your organization’s reporting needs.
- In-depth reporting and activity-specific sub-ledger reports provide a dive deep into distinct business areas.
- Custom Report Writer (CRW) features allow for the creation of tailored reports quickly and easily.
- Interactive Custom Report Writer (ICRW) tools provide comprehensive look-up and analysis of transactional data. This includes options to drill down, filter, sort, and expand reports.
Compliance Made Easy
Keep up with regulations and compliance with less hassle. Senior care organizations juggle unique reporting and compliance needs set by regulatory bodies and the Internal Revenue Service (IRS). Sage Intacct’s reporting tools help nonprofits simplify financial and regulatory reporting, ensuring compliance with regulations such as FASB (Financial Accounting Standards Board), GAAP (Generally Accepted Accounting Principles), and HIPAA (Health Insurance Portability and Accountability Act).
User-friendly System
Clear dashboards and reports provide quick and understandable financial snapshots. The software’s tools make it easy with a drag-and-drop design, hierarchical field selection, and automatic conditional formatting, grouping, and subtotals. Additionally, the system is designed to integrate seamlessly, offering data services that enhance sharing and collaboration with external applications.
Detail-oriented and Transparent Tracking
Track every financial detail accurately. In-depth reporting and activity-specific subledger reports help you dive deep into distinct business areas. Sage Intacct's reporting also enhances transparency, offering detailed views into financial data that assist finance teams in effortlessly monitoring revenue, expenses, and budget distribution.
Security and Control
Strong security measures protect important financial information and protected health information (PHI). The system’s powerful security measures allow you to tailor access permissions for different users and groups, ensuring that credentials are respected, and information stays secure.
Sage Intacct reporting for senior living represents a commitment to clear, compliant, and strategic financial management. It’s about opting for a solution that leads to better financial oversight and decisions.
Ready for a Better Financial Solution for Senior Living?
Use Sage Intacct reporting to elevate your financial operations with clarity and precision. Take the first step toward a more knowledgeable and effective financial approach. Explore the possibilities today.
