Cloud ERP

July 23, 2019

3 Reasons To Change Your Assisted Living Financial Software Now

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Sometimes change can be an intimidating thing. However, when it comes to managing the finances at your assisted living facility, change is a beautiful thing. Since not all finance solutions are built for the intricacies of assisted living management, we have outlined the reasons a new software solution may be right for you.

Sage Intacct does what your Clinical Management Software Cannot, Plain and Simple.

Many assisted living facilities use platforms that aren’t designed for accounting to keep track of their finances and run their reports. Clinical management software does not provide the features a facility will need to be as effective and as efficient as possible. Using Intacct accounting software, management has the ability to run reports on multiple communities with ease – individually or consolidated. If your communities are made of up operating companies, management companies, and property companies, you can also report on those company groups as a whole – or just compare different types of companies. If you bring in occupancy data, you can also use that data to report revenue and expense metrics by room or unit, which is key information when monitoring the performance of assisted living communities. You can even set up budgets by expected occupancy – making it a no brainer to make the switch.

The Majority of Accounting Software is Limited to the Computer it has been installed on.

Using software that is cloud-based allows the facility to deliver reports and dashboards whenever, wherever. This becomes extremely useful if and when managing multiple properties. No more compiling data in Excel and emailing it to ownership – dashboards, and reports are at your fingertips, on any device. Not to mention there is no downtime for program updates as all of this is handled for you – the company will not even notice. Sage Intacct has been leading the way with cloud, and that is just another reason to change your accounting software.

Health Insurance Portability and Accountability Act Compliant Software.

If you have Protected Health Information (PHI) in your accounting data, your assisted living facility may need an accounting system that is compliant with the Health Insurance Portability and Accountability Act (HIPPA). Sage Intacct can provide you with a HIPPA compliant cloud accounting system that allows you to be confident that your financial data meets HIPPA requirements.

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