Sage MIP Fund Accounting & Fundraising Press Releases, Nonprofit software news
News for nonprofits:
- Sage Abra Suite v9 Delivers Mobile Workforce Collaboration to HRMS Users and New Levels of Paperless Automation
- The Changing Face of Financial Reporting for Middle Market ERP
- Sage to Launch Accountants' Portal
- Reliable remote access: do you go it alone or partner?
- Sage North America Reports First Half 2010 Results
Accounting Today New Software Products:
Sage MIP Fund Accounting V. 10.2 and DrillPoint Reports
We've noted the burdens laid on nonprofits before (basically, they're held to similarly stringent accounting and reporting standards as for-profit organizations, but with far fewer resources), so it's nice to note that someone is listening - literally. The most recent release of Sage's MIP Fund Accounting solution for nonprofits includes a Customer Enhancement Portal that lets users make requests and suggestions for improving the product, and then track the progress of their suggestions. Version 10.2 also includes improvements to Form 990 reporting and improved drill-down functionality, as well as new e-mail and import capabilities.
In a similar vein, Capital Business Solutions has released DrillPoint Reports, a tool that integrates tightly with Sage's MIP system to bring data into Excel to allow richer reporting, with more filtering and formatting options, and the ability to drill down to the underlying details.
Read More at www.accountingtoday.com
Sage Nonprofit Solutions Sponsors Survey of The Chronicle of Philanthropy Subscribers-Social Media Adoption and Success
In August 2009, an email was sent to 7,500 subscribers of The Chronicle of Philanthropy inviting
them to take the online survey designed to discover how nonprofits are using social media in their
fundraising and outreach activities. By September 14, 2009 a total of 1,295 people had responded.
The topics covered in this survey include:
- Types of social media nonprofits are participating in
- Length of time participating in social media
- Specific tools used when participating in social media
- Types of activities performed when participating in social media
- Goals for social media participation
- Success with social media participation to date
- Reasons for not participating in social media
- Acceptance of online donations
Click here to download the findings PDF.
Sage MIP Fund Accounting Wins 4th Consecutive Campbell Award
Austin , TX - Dec 10, 2009 - Sage North America today announced that its Sage MIP Fund Accounting product has received a 2010 Campbell Award from independent market research firm Campbell Rinker, based on the product being one of the most recommended by U.S. customers. Campbell Rinker surveyed approximately 3,000 customers of accounting software for nonprofits in order to determine the 2010 Campbell Award winners.
Awarded approximately every two years, the Campbell Award was established in 2002 to recognize excellence in nonprofits and the companies that serve them. This is Sage MIP Fund Accounting’s fourth consecutive Campbell Award.In2008, the product was the most recommended accounting solution among users from nonprofits with annual revenue of $5million and above. In 2005, Sage MIP Fund Accounting received the highest overall satisfaction score among allproducts rated in the survey, and the product received a 2003 Campbell Award for having the Best Expense Tracking capabilities....
Capital Business Solutions releases new reporting tool - Drillpoint Reports - for Sage's MIP Fund Accounting Software
RALEIGH, NC (December 1, 2009) --Today Capital Business Solutions announced the release of DrillPoint Reports, a reporting tool designed to extend the capabilities of the Sage MIP nonprofit accounting system. “DrillPoint Reports was designed specifically to enhance those areas of the MIP reporting functions that we felt could add substantial value for the MIP user community” said Robbie Pollock, Vice President of Technology at Capital Business Solutions. “For those MIP users who continue to rely heavily on Excel spreadsheets to produce easily consumable, presentation quality, financial and management reports, the DrillPoint Reports product will represent huge time savings by directly integrating MIP data to their spreadsheet formats.”
DrillPoint Reports was developed over a two year period based on feedback from Capital Business Solutions clients who used MIP and the Capital Business Solutions consulting team. Key principles adhered to during the development of DrillPoint Reports were to provide a tool that was designed to work specifically for the MIP application rather than a more generic reporting system that could work with many applications. Furthermore the tool should require minimal expertise on the part of clients’ staff to build powerful and pertinent reports. “We believe that DrillPoint has ultimately exceeded our original design principles” stated Peter Saul, Vice President of Professional Services.
Serenic Ranked 256th Fastest Growing Company in
North America on Deloitte's 2009 Technology Fast 500
Attributes 133 Percent Revenue Growth to International NGO Market Expansion
EDMONTON, Alberta, Canada (October 20, 2009) -- Serenic Corporation (TSX-V:SER),("Serenic" or the "Corporation"), a leading publisher of financial management and business operations software for nonprofits, international non-governmental organizations (NGOs) and the public sector, today announced that it ranked number 256 on Deloitte’s 2009 Technology Fast 500, a ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Serenic grew 133 percent during this period.Serenic’s CEO and President Randy Keith credits the company’s innovative financial management software and its expansion into the international NGO market with the company’s 133 percent revenue growth over the past five years. He said, "Our suite of Serenic Navigator solutions built upon sophisticated Microsoft technology helps international NGOs and our customers maintain efficiencies and accountability that is critical to carrying out their organizational missions."
Deloitte’s Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth.
Read the entire article...
Serenic Software Counted Among Top Finalists for the
2009 Microsoft Worldwide Partner Conference Awards
in Microsoft Dynamics NAV
Serenic Corporation, a leading publisher of financial management and business operations software for nonprofits, international non-governmental organizations (NGOs) and the public sector, announced it has been selected as a 2009 Microsoft Worldwide Partner Conference Awards finalist in Microsoft Dynamics NAV.
"Serenic is honored to be named this year as a Microsoft Worldwide Partner Conference Awards finalist for our Navigator software," said Serenic CEO and President Randy Keith. "We're building on our history as a recognized top performer within the Microsoft partner community, and our customers appreciate that our solutions are easily integrated and conform to the stringent guidelines defined for Microsoft Dynamics solutions."
Sage MIP Fund Accounting version 8 Garners Perfect Score In CPA Technology Advisor Comparison Review!
The results of CPA Technology Advisor's annual review of "Not for Profit" accounting systems published in the October issue named Sage MIP Fund Accounting version 8 the winner with a perfect score. Reviewer Mary Girsch-Bock awarding it 5 out of 5 stars in all six review categories, including: Ease of Use/Flexibility, Modules/Scalability, Features/Functionality, Reporting, Support/Help, and Relative Value.
Read the entire article...
Did you know?
The IRS anticipates revising the annual tax return for nonprofit organizations for 2008? Make over in process for Form 990, Return of Organizations Exempt from Income Tax. Find out more and review a draft of the new Form 990.
http://www.irs.gov/charities/index.html
Accountability with Government Funds: What You Don't Know Can Hurt You
As the US government's Combined Federal Campaign (CFC) doled out hundreds of millions of dollars to more than 1,280 nonprofit organizations last year, many were found to have abused the system, using tax money to pay for extravagant gifts and declining to pay years worth of debt to the Internal Revenue Service (IRS). Fifteen of these charities underwent a detailed audit and were found guilty of participating in "abuse and potentially criminal activity," according to a report from the Government Accountability Office.
Read more...
Accountability with Government Funds: What You Don't Know Can Hurt You
As the US government's Combined Federal Campaign (CFC) doled out hundreds of millions of dollars to more than 1,280 nonprofit organizations last year, many were found to have abused the system, using tax money to pay for extravagant gifts and declining to pay years worth of debt to the Internal Revenue Service (IRS). Fifteen of these charities underwent a detailed audit and were found guilty of participating in "abuse and potentially criminal activity," according to a report from the Government Accountability Office.
Read more...
Information courtesy of Sharon Hoffman, Senior Producer, NBC News
Estimated value of a volunteer hour grows in 2005
Independent Sector, a leadership forum for charities, recently announced that the estimated value of a volunteer hour in 2005 is $18.04. This number, is up from the estimate of $17.55 in 2004. The value of a volunteer hour gives charitable organizations a tool to help quantify the immense contributions volunteers make and can be helpful in winning more volunteers and even grant funding.
Independent Sector estimated the total value of hours volunteered nationally in 2005 was equivalent to approximately $280 billion. The hourly value of volunteer time is based on the average hourly wage of all non-management, non-agricultural workers as determined by the Bureau of Labor Statistics, with a 12 percent increase to estimate for fringe benefits.
Nonprofits common use the value of volunteer time to recognize the contributions of those volunteers, or to demonstrate the level of support the organization has from its community. However, the value of volunteer services can also be used on financial statements — including statements grant proposals, and annual reports — if a volunteer is performing a specialized skill for a nonprofit. The general rule to follow when determining if contributed services meet FASB criteria for financial forms is to determine whether the organization would have purchased the services if they had not been donated. Visit FASB's website for regulations on use of the value of volunteer time on financial forms:
Read more...
Information courtesy of Sharon Hoffman, Senior Producer, NBC News
