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www.sageintacct.com 300 Park Ave #1400 San Jose, CA 95110 877-437-7765 Copyright ©2019, Sage Intacct, Inc. All rights reserved. Sage Intacct is a registered trademark of Sage Intacct, Inc. F i n a n c i a l V i s i b i l i t y H e l p s M e d i c a l p r o F e s s i o n a l a s s o c i a t i o n s a V e M o r e l i V e s "With our old outsourcing provider, we got support from a big accounting team, but they weren't 100% focused on NATCO. Now with Sage Intacct, I can handle our finances by myself and still keep up with all of my other management responsibilities," notes Dickt. "If we didn't have such a strong financial system, we'd need a staff of three or four full-time accountants at an annual cost of $230,000" A prime example of these time savings comes each year during the organization's audit, which used to take one month and now takes only one week. By giving the auditor view-only access directly into Sage Intacct, with the ability to audit every single transaction if needed, Dickt freed up days she would've spent answering his questions and documentation requests. She also appreciates the system's unique, multi-dimensional general ledger, which captures the business context of each transaction. "Sage Intacct's chart of accounts allows me to easily set up separate reports or budgets for any of the 16 program I report on. There's nothing difficult about it. Within seconds I can generate separate operating statements that tie directly to my financial statements. I no longer need to spend hours transferring data to spreadsheets and double checking that it ties to my general ledger," she said. Results Gaining Financial Transparency to Reach Solvency and Save More Lives NATCO offers numerous education programs for various experience levels, as well as publications and other materials to ensure that practitioners stay on the cu ing edge of developments and technologies in organ transplantation. However, before Sage Intacct, its board had no real-time reporting or visibility into these programs. With newfound insight into program-specific metrics, Dickt identified which programs were operating at a loss and uncovered data that helped the organization's leaders take control, proactively manage operations, and make sustainable decisions to advance NATCO's mission. "Instead of just looking at the organization as a whole, Sage Intacct sheds light on which programs are profitable and which aren't," said Dickt. "For example, we learned that our journal was losing $30,000 per year. This led us to renegotiate contracts and get a new publisher, resulting in a $40,000 gain, which is huge for our small organization. It means we're not eating into our reserves anymore and can put those funds towards other life-saving programs." Sage Intacct's flexible reporting also delivers departmental financials at the push of a bu on. Rather than waiting for an annual financial summary from the management company, NATCO's board now gets granular project details and budget updates every month, or whenever they ask. "We are be er managing our organization as a direct result of using Sage Intacct to see where our financial strengths and weaknesses are," concluded Dickt. "If you can't provide your Board of Directors with useful financial information, then your accounting system is not worth anything." When I first joined NATCO, we were losing money. Since implementing Sage Intacct, we've been solvent every year because our board can now see where we're doing well and what we need to fix. Their whole a itude about the future of the organization changed once they had valuable financial information they could actually make decisions with. Bo om line, Sage Intacct is helping us save lives. Donna Dickt, Executive Director, NATCO