In today’s digital age, securing financial data is more critical than ever. With cyber-attacks becoming more frequent, senior living communities must prioritize protecting financial and personal health information for their members. One of the best ways to ensure your financial data is secure is by leveraging accounting solutions for senior living, like Sage Intacct.
What is Sage Intacct?
Sage Intacct is a cloud-based financial management software that offers accounting solutions for senior living communities. By providing organizations with up-to-date financial and operational information, staff can make educated decisions while maintaining the greatest levels of data protection.
Key Sage Intacct Features that Enhance Security and Protect Financial Information
With Sage Intacct’s integrated data services, you have the peace of mind that you are protecting financial information while easily sharing your data with external applications as needed. You can share information without any fuss thanks to the smooth and effective design of the data services inherent to Sage Intacct.
Customizable security features allow you to set access permissions for credentialed users and groups, so you can always be aware of who has access to what information. This means that only authorized individuals or teams can access the secure financial data, reducing the risk of unauthorized access or data breaches.
Software is Automatically Updated to Remain Secure
Since Sage Intacct is a cloud-based software, it is automatically updated quarterly. This guarantees that you are always using the most current version, ensuring you continuously receive the latest security updates and enhancements to secure financial data.
Security Without a Costly VPN
Sage Intacct's system and data are entirely secure through browser access. This eliminates the need for a costly VPN to securely access the software. However, it's important to note that other accounting systems hosted on your server may still require VPN access for security purposes.
Best Practices for Protecting Financial Information With Sage Intacct
While Sage Intacct offers security features designed specifically to secure financial data, it is also essential for businesses to follow best practices to maximize data security. Some best practices for using Sage Intacct securely include:
Implement Strong Password Policies
Ensure that all users create strong, unique passwords and update them regularly. Depending on your organization's rules, it’s recommended that passwords be changed every 30 to 90 days. Do not reuse passwords, avoid using easily guessable ones, and consider using a password manager to securely store and generate strong passwords.
Educate Employees
Provide regular training to employees about the importance of data security and how to recognize phishing attempts and other common threats.
Regular Backups
Regularly backing up your system to prevent data loss in case of a security breach is an essential step for protecting financial information. Ensure that backups are stored securely and can be quickly restored if needed. Also, consider having an offsite backup in case of a natural disaster or physical damage to your primary data storage. One advantage of Sage Intacct is that the software is cloud-based, making offsite backup unnecessary.
Limit User Access
Limit access to financial data to only those who need it for their job roles. This can help reduce the risk of unauthorized access and potential insider threats. Regularly monitor and keep track of any changes made to financial data. This will help identify any suspicious activity or potential security breaches.
Monitor Access Logs
Review access logs regularly to identify unusual or unauthorized access attempts. Monitoring logs can help your team detect and respond to potential security incidents promptly.
Combining Sage Intacct with Best Practices
Protecting financial information goes beyond tools; it's about best practices and staying updated on security threats. Sage Intacct offers a secure solution with features like encryption, access controls, audits, and industry compliance. By using Sage Intacct and following best practices, organizations can keep their financial data safe.
Safeguard Organizational Integrity with enSYNC and Sage Intacct
Don't risk leaving your data vulnerable. Protecting financial information is one of Sage Intacct’s unique capabilities. Our team can help you maximize and customize the software to help your senior living community thrive.
Contact a Sage Intacct Expert
