Sage Intacct is trusted by healthcare organisations globally. As the number one rated cloud-based financial management solution, the benefits of Sage Intacct are extensive. In this blog we summarise five key ways in which healthcare establishments can benefit from Sage Intacct.
1. Streamlined operations and cost savings through financial automation
Sage Intacct streamlines healthcare operations, allowing for more efficient and effective management of resources resulting in improved patient care and better overall outcomes.
Through the automation of routine tasks, Intacct saves time and accommodates growth without the need for additional staff. In fact, it can increase revenues by 25% without adding additional headcount.
This not only helps in optimising resources to increase productivity, but also allows healthcare organisations to scale their operations without additional expenses, ensuring the focus - and budget - can be more aligned to delivering quality care to their patients.
Selecting Sage Intacct, healthcare CFOs are automating back office processes and benefiting from greater efficiency and saving thousands of pounds every year.
2. Straightforward multi-location management through a single platform
Sage Intacct enables multi-location management, including centralising payables. This simplifies financial processes and improves visibility, making it easier to manage finances across different locations.
The multi-location feature allows organisations who have multiple locations to track the financials per location.
The hassle of managing payables separately for each location is a thing of the past. Instead, healthcare financial managers can easily track and manage all payables from a single platform. This not only saves time and effort but also reduces the chances of errors or discrepancies.
The improved visibility provided by Sage Intacct is a game-changer, presenting finance departments with a comprehensive view of financial data across all locations.
Cross-company communication and the ability to identify any potential company-wide issues or trends allows healthcare finance directors to make more informed decisions.
With this level of multi-location visibility, healthcare finance managers using Sage Intacct can proactively address any financial challenges and ensure the overall financial health of the organisation.
3. Data-driven decision making with real-time reporting
Sage Intacct provides robust, real-time reporting capabilities. This allows healthcare organisations to analyse data more effectively and make informed decisions based on accurate and up-to-date information.
Using Sage Intacct's dashboards and reporting functionality, healthcare organisations can generate comprehensive reports that provide valuable insights into their financial performance. These reports can include key metrics such as revenue, expenses and profitability, as well as trends and patterns that provide the level of detail required for sound strategic planning and decision-making.
In addition to financial data, Sage Intacct's reporting capabilities extend to operational and clinical data. This enables healthcare organisations to not only analyse their financial performance but also their operational efficiency and patient outcomes. By having access to a wide range of data, organisations can gain a holistic view of their operations and make data-driven decisions to improve overall performance.
Sage Intacct's robust reporting capabilities empower CFOs of healthcare organisations to analyse data effectively and make informed decisions. By leveraging accurate and up-to-date information, healthcare providers are driving financial performance and benefitting from operational efficiency, and ultimately able to deliver better patient care.
4. Security peace of mind
Sage Intacct is a robust, highly secured solution, trusted by healthcare providers globally.
The healthcare industry is entrusted with highly sensitive patient information and in an age where the digital landscape is rife with potential cyber threats, data security and privacy assurance is paramount.
Sage Intacct boasts advanced security measures to safeguard confidential data. Traffic to and from the application is encrypted using the current TLS (Transport Layer Security) protocol, ensuring confidentiality, integrity and availability of business critical data.
Furthermore, by partnering with industry-leading cloud service providers, such as AWS and Microsoft Azure, Sage presents users with multi-layered security controls.
With patient trust hanging in the balance, healthcare organisations need a reliable system to navigate the complexities of safeguarding sensitive information.
Finance teams using Sage Intacct are widely protected from potential security breaches. With the integrity and confidentiality of patient records assured, establishments who have adopted the software are positioned as responsible custodians of patient data.
Furthermore, the commitment to data security extends to compliance with industry specific regulatory requirements. Sage Intacct facilitates seamless adherence to industry standards and legal mandates, ensuring healthcare organisations not only meet but exceed the expectations set forth by regulatory bodies.
5. Integration
There are numerous healthcare specific software applications in operation globally, used by various institutions including hospitals, dentists, care homes and physiotherapists to name just a few. With such organisations having unique needs and differing industry-specific applications in situ, there is usually a requirement to connect the finance system to various other systems, including scheduling, billing and record keeping.
Sage Intacct is designed with third-party integration in mind. Sage has made its API open, providing developers with the ability to build custom apps which can be added on, or connected to Sage Intacct.
On account of its open API (Application Programming Interface) capabilities, integration with other best-in-class solutions is straightforward and seamless. Your finance team can be equipped with a truly tailored solution, integrated with other mission critical applications, to meet the most unique business processes.
Healthcare organisations that integrate Sage Intacct with other applications typically see improvements in user performance, reporting, process efficiency, decision-making, and customer service.
Selecting Sage Intacct healthcare finance management
The decision to implement a new finance solution doesn’t come lightly. Once you have researched product offerings, the choice of partner needs to be considered. CPiO is a fully accredited Sage Business Partner - the link between the software author and ensuring maximum return on your new system investment.
It’s clear to see how healthcare organisations who choose Sage Intacct benefit from the products capabilities. The points we cover here; its ability to streamline operations with automation; improve financial management; save time; enhance reporting; and ensure data security are just five of the key benefits healthcare finance professionals who user the software report.
By leveraging these features, healthcare establishments can achieve improved efficiency, reduced costs and ultimately provide better patient care.
Established in 1990, CPiO is one of the UK's most experienced Sage resellers. We work in partnership with Sage to advise on, sell and deploy Sage Intacct, as well as Sage’s two alternative mid-market ERP solutions, Sage 200 and Sage X3.
Find out more about how Sage Intacct, Sage 200 or Sage X3 can benefit your healthcare organisation, contact us today. We’re here to help.
