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Automation Frees Time for Nonprofit
Finance Leaders to Focus
Finance leaders understand that automating
standard accounting tasks enables more
strategic decision making. That's why 85%
plan to invest in process automation.
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Automation
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Armanino LLP, "CFO Evolution 2.0, The Path to the Transformational CFO," October 2017.
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Armanino LLP, "CFO Evolution 2.0, The Path to the Transformational CFO," October 2017.
There are so many ways that a real-time cloud financial
management solution like Sage Intacct can improve efficiency
and accuracy. Financial automation can reduce or eliminate
the time nonprofit organizations spend:
• Consolidating financial information in Excel for multi-entity,
multi-location, and multi-currency organizations.
• Calculating revenue recognition in Excel after compiling
project-based time and expense information from sales
and HR systems.
• Performing manual data reconciliations and/or manual
data re-entry between systems.
• Calculating allocations using data that doesn't exist within
some traditional accounting systems.
• Processing vendor payments and manually routing paper
approval sheets.
Organizations are looking to CFOs for strategic
leadership:
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• 78% of CFOs have noticed their influence
expanding beyond accounting and finance.
• 87% of CFOs surveyed feel pressure to
collaborate on cross-functional initiatives.
