Financial Management Solutions for the Aged Care Sector

Key Benefits of Sage Intacct

The key benefits of Sage Intacct include:

Sage Intacct is a cloud-first solution with built-in functionality for standard workflows and operating procedures. For example, the automation of the purchasing process with built-in workflows for purchase orders, purchase order approvals and spend based on user-based criteria can be easily implemented to help streamline the purchasing and approval structures within an aged care organisation.

As aged care companies grow there is often a requirement for a multi-company configuration across new entities and development projects. Sage Intacct has out-of-the-box functionality for multi-company, inter-company, eliminating entries and consolidation reporting. Project accounting functionality provides the ability to manage revenue and costs by project.

The general ledger within Sage Intacct allows for dimensional analysis. As an example of the power of dimensional analysis, an aged care business might consider using dimensions to report on divisions, locations, projects or funding types. This dimensional analysis can be used to produce P&L reporting by the metrics that have been set up in the dimensional analysis. This powerful reporting puts powerful information at the fingertips of managers who can make informed decisions about expenses, funding and cost allocation.