Whether your organization is a trade association, a professional society, a labor union, a national association or an association management company, running your finance department is a tremendous challenge. The association exists for its members and working with Xanegy will ensure a solution that gives you the transparency and access to data that a well-run association requires.
Xanegy understands the unique challenges of associations
You have to juggle day to day operational issues common to any organization – adherence to budgets, reporting for stakeholders, and managing cash. But on top of that, you also need to manage the collection of dues from your members, manage profitable events and projects, comply with revenue recognition guidelines, and offer guidance and insight for your board and executive management team.
Xanegy puts Intacct to work for your association
Anytime, anywhere access means that stakeholders can access the system from an event or meeting, or simply while working from home. It’s not necessary to be at the office to distribute reports or access your accounting dashboard.
Deep visibility into your organization’s financial information will also help you improve your cash flow management and expense forecasting by providing real time visibility into current and projected inflows, outflows and funding streams.
Improve the health and stability of your association through accelerated billing and collections
The more quickly and accurately you generate invoices from dues, orders, subscriptions, or events, the faster you get paid. Intacct helps speed invoicing cycles by automatically generating invoices from timesheets, expenses, purchases, and accounts payable transactions.
Revenue recognition on dues handled automatically
If you bill members for a year in advance, but recognize revenue at regular intervals as the year progresses, Intacct can handle it. Billing schedules and revenue recognition are decoupled, so that you can efficiently and accurately manage even the most complex billing and revenue recognition scenarios.
Xanegy helps you tailor the system to your needs
It seems that no two associations are exactly alike. Xanegy configures Intacct to work the way you do. We’ll help you design the Intacct fields, logic, and workflows to match your organization’s processes.