Sage Intacct has spent the last few weeks working on bringing you more great content. New sessions have been added to the Healthcare Hangout online series which will start on September 17 and run through the end of 2020.   Join us online for 30-minutes of down-time with your healthcare finance peers while we discuss and … Read more

We’ve all experienced it. After just finishing a financial report, the email notification pops up in the corner of your screen from your CFO. “Last minute change needed” it reads, however you are plainly aware that the last minute change will not take just one minute. What may seem to be a trivial change could … Read more

Our interview blog series discussing current trends and challenges in ERP and CRM.   In Part 1, we covered how Altruas’s recommended AI solutions help financial leaders, bank-level security and successes in the marketplace. Russ, tell us about the AI solutions Altruas offers for AP and Expense Reporting. Sure! The expense solutions we like are … Read more

Our interview blog series discussing current trends and challenges in ERP and CRM. We’re speaking with Russ McClendon, Founder and Partner at Altruas. Russ, please tell us a little more about yourself. Sure – I started out in accounting for the first fifteen years of my career and burned out as the Controller of a … Read more

Texas Nonprofit Seeks an Upgrade to Modern Cloud Accounting

Challenge

The Boys & Girls Clubs of Greater Tarrant County serves about 23,000 youth in the Fort Worth and Arlington areas of Texas with a range of programs geared to help youngsters mature into healthy, productive, caring, and responsible adults. The nonprofit provides after-school and summer programs, and initiatives focused on education, character and leadership, drug prevention, and gang intervention across 27 locations. With a $23 million annual budget, financial management is
essential to the organization’s success.

Improving finance and accounting became a top priority when Robert Ehret, with a background in church and bank finance, joined the Boys & Girls Clubs of Greater Fort Worth as its CFO in 2014. (The club would merge with a sister club in Arlington to create the Tarrant County organization in 2018, with 290 full- and part-time employees). Ehret quickly found that the club’s previous accounting application, and heavy reliance on Excel, wasn’t well suited to the needs of a nonprofit organization.

 

“It was just so difficult to extract information,” Ehret said. “You couldn’t report across fiscal years, and the majority of our grants cross fiscal years. It was a very lengthy process just to produce board reports, and if you needed to make a change it was very painful to go through the whole process of making an adjusting entry and rerunning reports. There was no doubt we needed to make a change.”….

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In the year 2019, no one will feel the effects of financial transformation more than the Chief Financial Officer. Indeed, as new systems are implemented and available data increases, your whole Finance Department will move from the back office to front line, taking on a role that’s financial with significantly more strategy. Soon, you and … Read more