Contact Information: Press Contacts: Cynthia Sutton Sage Software (703) 793-2700 x 3032 cynthia.sutton@sage.com
Sage Software's Sage MIP Fund Accounting Helps Community Action Organizations Manage Large Number of Funds
| Source: Sage Software
AUSTIN, TX -- (MARKET WIRE) -- January 17, 2007 -- Sage Software announced today that community
action organizations across North America are continuing to choose its
award-winning Sage MIP Fund Accounting software for nonprofit financial
management. Community action organizations, like Community Action Agency
of Butte County, Inc. (CAABCI), Ki Bois Community Action Foundation, Inc.,
and Greater East Texas Community Action Program (GETCAP), count on Sage MIP
Fund Accounting to track and report on multiple funds, across multiple
budget periods, to help them meet reporting requirements and demonstrate
accountability to constituents.
"We have about 26 different funds with various fiscal years, and Sage MIP
Fund Accounting helps us account for and report on all of them," said Dana
Campbell, fiscal officer for Oroville, Calif.-based CAABCI, with operating
revenue of $4.5 million. "We appreciate that the software remains
flexible, while still adhering to GAAP (Generally Accepted Accounting
Principles) and other principles. Sage MIP Fund Accounting is also
easy-to-use. Within two months of joining the organization, I had it
pretty much figured out."
Tom Marlatt, director and CFO for Southeastern, Oklahoma-based Ki Bois
Community Action Foundation, added, "As a multi-funded nonprofit
corporation, we deal with a large number of contracts, all with different
year-end dates. To track contracts separately using other nonprofit
accounting products was more difficult. Sage MIP Fund Accounting makes it
easy."
Sage MIP Fund Accounting continues to be an easy-to-use solution, helping
community action and other social service organizations demonstrate
transparency and accountability. The software's powerful reporting tools,
table-driven charts of accounts, and dynamic Drill-down Analyzer make it
easy for auditors to verify these organizations' financial statement
accuracy and organization to maintain a clear audit trail. Sage MIP Fund
Accounting helps community action and other social service organizations
budget, track, forecast, and report on outcome measurements. The software
can also integrate with third-party outcome measurement products.
"Sage MIP Fund Accounting makes my job easier," said Wendi Molandes, fiscal
officer for Nacogdoches, Texas-based Greater East Texas Community Action
Program (GETCAP). "I set up segments for our chart of accounts, and then
run reports based on any of those segments or combinations thereof. Plus,
because the software does not require us to close a year, we can easily
keep accurate track of our various grants ending at different times
throughout a given year."
Using Sage MIP Fund Accounting, nonprofits of all sizes can plan and manage
budgets, maximize grants, and produce accurate customized reports in
minutes. "Unlike many other fund accounting packages, Sage MIP Fund
Accounting is date-driven, not period-driven, which means we can pull
reports between any two dates," added Marlatt. "We can drill-down to get
the exact information we need, plus link Sage MIP Fund Accounting to our
human resource management system (HRMS), helping us cut down on duplicate
data entry."
Molandes added, "Sage MIP Fund Accounting's reports are easy to customize.
I can include as much or as little detail as I want, depending on the area
of management requesting the report. My boss wants to see everything, but
our board of directors needs less detail. The software allows me to tailor
to the needs of individuals within our organization."
For more than 25 years, Sage Software has been helping nonprofit
organizations further their missions and better serve constituents through
the use of technology. Sage MIP Fund Accounting and the range of Sage
Fundraising product choices enable nonprofit organizations, regardless of
size and budget, to select a solution that best fits their needs. Sage MIP
Fund Accounting earned a coveted 2005 Campbell Award from Campbell Rinker
for its exceptional ratings in the Nonprofit Accounting Software Survey, a
nationwide survey of accounting software users.
For more information about Sage MIP Fund Accounting or other Sage Software
Nonprofit Solutions, visit www.sagenonprofit.com or call 800-647-3863.
About Sage Software
Sage Software supports the needs, challenges and dreams of more than 2.7
million small and mid-sized business customers in North America through
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support accounting, operations, customer relationship management, human
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plc, a leading international supplier of accounting and business management
software solutions and related products and services for small and
mid-sized businesses. Formed in 1981, Sage was floated on the London Stock
Exchange in 1989 and the Group now has 5.2 million customers and employs
over 13,000 people worldwide. For more information, please visit the Web
site at www.sagesoftware.com/moreinfo or call (866) 308-2378.
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