As part of our commitment to constantly advance our product to add value to our customers, the product team has added a new monitoring functionality to our ERP solution called Fund Balancing. To further explain the details and increased efficiencies that come with this new feature, we spoke with our ERP Solution Architect, Glen Watson, to get the full scoop on this new Altus functionality.
Leveraging analytics isn’t always a walk in the park: you need the very special ability to filter through the sea of data and find what matters most. But even then, compiling data can take time. Sometimes it can take days to pull together or input the information you need. And everyone needs different data all the time! Your Executives need the big picture. Your CFO needs to be able to report up, and manage down. Your Finance Manager needs the best reporting and operational analysis they can get. And your stakeholders? They always need to know what’s going on.
Over the last decade, financial technology has become increasingly automated through various innovations in software and solutions. But in a recent report, the Association of Chartered Certified Accountants (ACCA) discovered that some financial leaders are considering making the move towards fully automating the financial activities of their organizations with robotics.
Government organizations play an extremely important role in the development and sustainability of our societies. These organizations are expected to be consistently performing to the best of their abilities in order to meet the needs of their constituents. In order to be at this peak level of performance, government organizations need to strive to utilize every day practices that can improve their efficiency.
Action Group, an Alberta-based social services organization, made a strategic decision and chose Altus Dynamics to provide their enterprise needs for Accounting, HR, Payroll and Employee Scheduling. Operating in the social services sector for over 30 years, they provide key services to the community by supporting adults and children with developmental disabilities.
Are you a non-profit Foundation looking for a better way to manage your donations and grants? Often a Foundation can struggle when there is a lack of easy to use tools to manage funds, grants, and donations. Take a lack of tools and add the pressure of reporting from funders and you’ve got a long list of challenging tasks to manage your Foundation.
When it comes to operating finances in a government-based organization, going cloud is just one aspect of running operations more effectively – functionality matters too. Accounting management in a government-based organization means tight budgetary controls, intuitive tools for staff to enter purchases or requests, useful grant management features and faster reporting.
Do you feel like the accounting system you started out with is now leaving you swimming in spreadsheets and manual processes that are driving your team a little mad?