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DAVID APPEL  December 07, 2022   3 min read An on-premises Sage 50 accounting system had served Transcard well for years, but the need for speed, insights, and scalability increased as the company grew its customer base and international presence.  Adding new global locations forced the accounting team into manually consolidating multi-entity financials at Transcard, a world […]

Changing leadership for a changing world The past two years have seen unprecedented social change and disruption. This demands new kinds of leaders, capable of delivering purpose-driven strategies flexible enough to embrace digitalization and new ways of working. In response, finance leaders are proactively nurturing non-traditional skills to help them navigate complex, technologically-enabled industries.  …

With today’s modern technology, there’s no need for paper in the office. When the pandemic hit, many nonprofits experienced an urgent need to undergo rapid digital transformation. Cloud business systems helped staff stay productive while they worked from home under government stay-at-home orders. As the world opened back up, it became clear that many of…

How do you know if you’ve outgrown Sage 50? Many small and mid-sized businesses rely on Sage 50 to meet their organizations’ accounting and financial management needs. As one of the most reliable desktop accounting solutions, with a loyal base of customers, it’s easy to see why. For lots of businesses, it’s the first and…

Trying to survive in a complex environment is hard. Nonprofit finance teams operate in a more challenging environment than ever before. Good financial stewardship plays a critical role in maintaining funding relationships and attracting new donors. Finance teams face pressure to provide full transparency for compliance and better visibility into both financial metrics and outcome…

How much time do you spend entering fixed asset data into spreadsheets? Hours? Days? Once the data is in there, are you manually calculating and tracking depreciation? Are you then manually entering journal entries into your accounting system? If so, it’s time to think about a solution that unifies fixed asset management with core financials.…

What Goes into a Nonprofit Audit? The audit of a nonprofit organization consists of two parts: An auditor review of your GAAP-compliant financial statements, and a separate compliance audit to assess risk and internal controls. Most financial statement risk in any nonprofit organization comes from errors in judgment or faulty financial management processes. Therefore, an…

Like most organizations, you probably dedicate too much time to manual processes. In fact, employees across all functions spend about one-third of their time on repetitive tasks, according to McKinsey, one of the world’s leading management consulting firms. Your finance team likely spends hours every month consumed by manual tasks such as rifling through filing…