{"id":9883,"date":"2021-12-03T15:21:00","date_gmt":"2021-12-03T20:21:00","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=9883"},"modified":"2026-02-12T04:32:12","modified_gmt":"2026-02-12T09:32:12","slug":"how-3-ngo-cfos-expanded-global-impact-with-data-driven-decision-making","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/how-3-ngo-cfos-expanded-global-impact-with-data-driven-decision-making\/","title":{"rendered":"How 3 NGO CFOs expanded global impact with data-driven decision making"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/category\/trends-insights\/\" class=\"entry-header__link\">Trends &amp; Insights<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tHow 3 NGO CFOs expanded global impact with data-driven decision making\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2021-12-03T15:21:00-05:00\">December 3, 2021<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"How 3 NGO CFOs expanded global impact with data-driven decision making\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/how-3-ngo-cfos-expanded-global-impact-with-data-driven-decision-making\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-us\/blog\/author\/nancy-master\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/03\/1533142329170-350x350.jpg\" class=\"entry-author__image\" alt=\"\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/03\/1533142329170-350x350.jpg 350w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/03\/1533142329170.jpg 500w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Nancy Master<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Cloud software has enabled more NGOs to take advantage of advanced technologies without the expense of new infrastructure or additional IT staff. That also means NGOs can benefit from Big Data capabilities to enhance data analysis and data-driven decision making. AI and predictive analytics are beginning to enhance strategic analysis and decision making even further.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coinciding with advancements in technology, the role of the NGO finance leader has also evolved. The early NGO finance leaders were more like Historians, studying data from last month, last quarter, and last year to try and predict what might happen next. Then came the era of the Real-Time Analyst where they could drive decisions quickly by identifying trends as they occur with real-time data. Now we are entering a new era\u2014the era of the Data-Driven Strategist.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-us\/cp\/ebook-the-rise-of-the-data-driven-nonprofit-finance-leader-nfp\/\n\">Download the eBook: The Rise of the Data-Driven Nonprofit Finance Leader<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/industry\/nonprofit\/\n\/international-nonprofits-ngo\">Sage Intacct helps NGO finance leaders<\/a> put real-time financial and operational data in front of decision makers by providing deep and wide financial visibility to organizations of any size, with any number of programs and locations around the world.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-data-driven-nonprofit-financial-management-system-is-critical-to-an-ngos-mission-success\">A Data-driven Nonprofit Financial Management System is Critical to an NGOs Mission Success<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Your accounting and financial management solution should facilitate data-driven decision making and enable you to devote a larger percentage of your time to strategizing how to accelerate the global impact of your mission. With the right technology solution your organization will:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Make decisions based on real-time data instead of backward-looking data.<\/strong> Cloud financial management systems enable nonprofit leaders to gain insights based on real-time data. This helps NGOs make program changes based on funding conditions and outcomes as they stand today\u2014not based on reports from last month.<\/li>\n\n\n\n<li><strong>Automate routine accounting tasks to free time to focus on strategy.<\/strong> <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/industry\/nonprofit\/\n\/international-nonprofits-ngo\">Modern financial management systems<\/a> allow you to automate routine tasks, eliminate double data entry, and generally reduce administration in ways that help many organizations shave days to weeks off their month-end close.<\/li>\n\n\n\n<li><strong>Contextualize information for more meaningful reporting.<\/strong> <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/extended-capabilities\/financial-reporting\/multi-dimensional-system\/\n\">Dimensionality in the chart of accounts<\/a> enables you to slice and dice data according to what is most relevant to your mission success.<\/li>\n\n\n\n<li><strong>Gain better visibility into organization-wide data.<\/strong> Cloud accounting software that features and <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/platform\/web-services\/\n\">open API<\/a> can easily bring in data streams from other systems, like Salesforce, donor management systems, and more.<\/li>\n\n\n\n<li><strong>Visualize data and make it easily accessible for program and department managers.<\/strong> Your finance team can place all relevant information\u2014including charts, graphs and reports\u2014in front of your stakeholders with role-based <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/extended-capabilities\/financial-reporting\/\n\">dashboards<\/a>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-ngo-cfos-explain-how-financial-data-helps-them-drive-strategic-decisions\">3 NGO CFOs Explain How Financial Data Helps Them Drive Strategic Decisions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s how three NGO financial leaders have used insights gained from better visibility into their financial and operational performance data to drive strategic decisions and amplify mission impact:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"502\" height=\"329\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/03\/image-52.png\" alt=\"\" class=\"wp-image-18077\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Room to Read\u2019s mission is to help girls and women change their futures through the power of literacy. The NGO works in ten countries across Asia and Africa. <a href=\"https:\/\/rc.sageintacct.com\/nonprofits\/room-to-read--sage-intacct-customer-video\">CFO Shari Freedman<\/a> has gradually transformed the finance function at Room to Read by adopting integrated digital technology platforms that empower executive leaders and program managers with greater financial and operational insights. These solutions include: Cloud financial management, timekeeping and expense report automation, financial planning, and nonprofit CRM.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/industry\/nonprofit\/\n\/international-nonprofits-ngo\">Cloud financial management<\/a> has streamlined Room to Read\u2019s consolidations for 25 entities and 16 currencies. Once data flowed more easily across the organization, decision makers enjoyed deeper visibility into performance at every level and were able to slice and dice the data by location, program, country, and more. Being able to share real-time data has enabled the finance team to collaborate more effectively with the development team.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall, Room to Read enjoyed a 402% return on their investment in financial management technology. Digital transformation led to greater than 25% efficiency gains within both the global finance teams and worldwide field operations. Room to Read used these savings to accelerate their mission impact by delivering their literacy program to 100,000 more children. With more and better data at their disposal, Room to Read\u2019s leadership team has been able to share the story of their mission more powerfully with donors and increase donor confidence through better reporting.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cWith Sage Intacct, we have improved productivity by 25 percent for our worldwide field operations and global finance teams and seen a revenue increase of 15 percent. This translates to added resources to reach an additional 100,000 children through our Literacy Program and 21,000 girls through our Girls\u2019 Education Program.\u201d<\/p>\n<cite>Shari Freedman, CFO<\/cite><\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"330\" height=\"65\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/03\/image-53.png\" alt=\"\" class=\"wp-image-18078\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">World Learning is both an NGO and an accredited educational institution. It operates 79 active programs with a mission to bridge geographical gaps through student exchange and other international education programs. Its funding comes from U.S. government grants and program enrollment. World Learning\u2019s complex operating model requires its finance team to track revenue and expenses in local currencies for tax reporting, consolidate the books in U.S. dollars, and produce quarterly grant spending reports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">World Learning\u2019s <a href=\"https:\/\/rc.sageintacct.com\/nonprofits\/world-learning-customer-video\">CFO, Kote Lomidze<\/a>, and his team have used cloud financial management, combined with digital payment processing and <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/platform\/salesforce-integration\/\n\">Salesforce<\/a>, to streamline and automate many business processes, including time and expense reporting, cash flow management, purchasing and accounts payable, payment reconciliations, and much more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Their cloud financial management software has a <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/extended-capabilities\/financial-reporting\/multi-dimensional-system\/\n\">dimensional chart of accounts<\/a> that enabled World Learning to shrink 50,000 GL accounts to just a couple hundred. That makes it much easier to get the reports they need.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Across the organization, digital finance transformation is saving World Learning thousands of hours each year. Approval routing is digital and completely automated, allowing expense reimbursements to be approved in hours, instead of weeks. The finance team closes the books five days faster, leaving them with much more time to analyze the data and find opportunities to expand the impact of their mission.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Each leader in the organization has at least one personal role-based project management <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/extended-capabilities\/financial-reporting\/\n\">dashboard<\/a>, allowing managers to monitor key metrics, budgets, and forecasts. By improving their ability to make data-driven decisions, World Learning grew revenue by 50% while reducing overhead costs by $500,000.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cWe slice and dice the data using project dimensions, so we are able to make mission-critical decisions on a daily basis about what projects to implement and what projects are at risk of overspending. That information helps us decide to close or extend a project and whether to ask donors for more funds or for a revision of a project\u2019s scope.\u201d<\/p>\n<cite>Kote Lomidze, Senior VP of Finance and CFO<\/cite><\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"423\" height=\"269\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/03\/image-54.png\" alt=\"\" class=\"wp-image-18079\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Remote Area Medical operates mobile medical clinics delivering no-cost health care via 20,000 medical volunteers to 45,000 patients around the world each year. As the reach of its mission grew, Remote Area Medical struggled with a lack of scalability, limited financial visibility, and tiresome duplicate data entry between their donor database, spreadsheets, and ERP software.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-us\/success-stories\/remote-area-medical\/\n\">CFO Don Mackay<\/a> led Remote Area Medical through a digital finance transformation to a cloud financial management solution, along with integrated tools for budgeting, accounts payable approvals, expense management and payroll. Now, the finance team closes the books in just a few days as opposed to 15-20 days before going to cloud solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using a <a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/extended-capabilities\/financial-reporting\/multi-dimensional-system\/\n\">dimensional chart of accounts<\/a> empowered Remote Area Medical to more efficiently track how much it costs to operate each clinic. Instead of creating thousands of GL account numbers, the finance team can simply tag individual transactions with key dimensions, such as location, vendor, employee, department, project, and vehicle ID. This speeds up project accounting, improves accuracy, and helps leaders make critical decisions about projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over the several years since completing finance transformation, Remote Area Medical\u2019s clinics and transaction volume grew by 300% but the organization was still able to maintain the same lean finance team. Better data visibility and added efficiency helped the organization have the resources to expand into international disaster relief.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ability to easily report on outcomes as well as improve financial transparency has increased donor confidence. Remote Area Medical has consistently increased donations 10% year-over-year, enabling them to serve more patients.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cUnlike other ERP systems, Sage Intacct is user-friendly and gives us the ability to easily grow without major headaches when it comes time to add new clinics or adapt to evolving reporting requirements.\u201d<\/p>\n<cite>Don Mackay, CFO<\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more about how to leverage modern cloud technology to become a more data-driven NGO finance leader in our eBook, <a href=\"https:\/\/www.sage.com\/en-us\/cp\/ebook-the-rise-of-the-data-driven-nonprofit-finance-leader-nfp\/\n\">The Rise of the Data-Driven Nonprofit Finance Leader<\/a>. In it, you\u2019ll learn:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How the role of the nonprofit finance leader is evolving<\/li>\n\n\n\n<li>Why nonprofit finance leaders need to become data-driven strategists right now<\/li>\n\n\n\n<li>Why automation, multi-dimensional reporting, and data integration must be key aspects of your financial management technology strategy<\/li>\n<\/ul>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">The Rise of the Data-Driven Nonprofit Finance Leader<\/h2>\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-03930e91-59be-4579-86c5-c1745b88487f\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1136194984-1440x810.jpg\" class=\"single-cta__image\" alt=\"Man sits with a computer using credit card\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1136194984-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-about-the-author\">About the author<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"670\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/07\/nancy-master2.jpg\" alt=\"A headshot photograph of Nancy Master.\" class=\"wp-image-23740\"\/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-nancy-master\">Nancy Master<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Nancy Master is a senior nonprofit industry marketing manager at Sage Intacct, dedicated to providing&nbsp;<a href=\"https:\/\/www.sage.com\/en-us\/industry\/nonprofit\/\">solutions for nonprofits<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From&nbsp;<a href=\"https:\/\/www.sage.com\/en-us\/industry\/nonprofit\/church\/\">accounting software for churches<\/a>, community development, education, healthcare, governments to foundations and philanthropic organizations, Sage Intacct offers comprehensive tools to support mission success.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With over 15 years of experience in software marketing and nearly 20 years of experience working with a human services nonprofit organization, Nancy is passionate about helping nonprofits achieve their goals.<\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to our Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get our latest business advice delivered directly to your inbox.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-ab515c6e-7e90-4c2f-a67e-113872516e8b\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"Working from home with tea in hand\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/boomer-consulting\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBoomer Consulting\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/business-strategy\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness strategy\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/cloud-financial-management\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tCloud financial management\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/sage-book-club\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tSage Book Club\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/sage-news\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tSage News\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-30337 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters tag-accountants tag-accounting-101 tag-boss-your-business tag-business-intelligence tag-business-strategy tag-cash-flow tag-growing-a-business tag-small-business tag-starting-a-business tag-tax business_type-small-business business_type-accountants card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-1440x810.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-02T07:25:41-04:00\">September 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">14 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/what-is-petty-cash\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tWhat is petty cash?\u00a0A complete guide\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tIf you\u2019re a small business owner or part of your company\u2019s accounting team, understanding what petty cash is can be key to managing everyday transactions and keeping your finances running smoothly.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-30499 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-business-intelligence tag-business-strategy tag-cash-flow tag-cloud-financial-management business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/what-is-cash-flow-forecasting\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1415809513-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1415809513-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1415809513-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1415809513-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-01T11:17:51-04:00\">September 1, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">14 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is cash flow forecasting?\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-28805 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations tag-accounting-101 tag-business-intelligence tag-business-strategy tag-cash-flow business_type-small-business business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/general-ledger-vs-general-journal\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1464788033-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1464788033-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1464788033-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1464788033-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-28T10:52:25-04:00\">August 28, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">7 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tGeneral journal vs general ledger: What\u2019s the difference?\u00a0\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-29580 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations category-trends-insights tag-accounting-101 tag-boss-your-business tag-business-intelligence tag-business-strategy tag-growing-a-business tag-performance business_type-growing-business industry-healthcare\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/guide-to-healthcare-financial-management\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1404962439-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1404962439-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1404962439-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1404962439-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-28T10:14:03-04:00\">August 28, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is healthcare financial management and why is it important?\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-32711 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations tag-boss-your-business tag-business-continuity tag-business-strategy tag-cloud-technology tag-growing-a-business tag-productivity tag-small-business tag-supply-chain-management tag-technology business_type-small-business business_type-growing-business industry-manufacturing\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/production-process\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/05\/manufacturingoperarator-684x384.jpg\" class=\"card-post__image\" alt=\"Why new equipment should be in your operational plan\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/05\/manufacturingoperarator-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/05\/manufacturingoperarator-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2018\/05\/manufacturingoperarator-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-26T06:54:26-04:00\">August 26, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">9 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tProduction process: Definition, types, and 5 key stages\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cloud software has enabled more NGOs to take advantage of advanced technologies without the expense of new infrastructure or additional IT staff. That also means NGOs can benefit from Big Data capabilities to enhance data analysis and data-driven decision making. AI and predictive analytics are beginning to enhance strategic analysis and decision making even further. [&hellip;]<\/p>\n","protected":false},"author":1426,"featured_media":14348,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","_yoast_wpseo_schema_page_type":"","_yoast_wpseo_schema_article_type":"","_sage_video":false,"_yoast_wpseo_focuskeywords":"","_yoast_wpseo_keywordsynonyms":"","_yoast_wpseo_primary_category":"49","post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[348,49],"tags":[257,170,420,206,287],"business_type":[40,41],"lilypad":[],"context":[418,429],"industry":[58],"persona":[100,98],"imagine_tag":[209,436],"coauthors":[561],"class_list":["post-9883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-free-guides-templates","category-trends-insights","tag-boomer-consulting","tag-business-strategy","tag-cloud-financial-management","tag-sage-book-club","tag-sage-news","business_type-small-business","business_type-growing-business","industry-nonprofit"],"sage_meta":{"region":"en-us","author_name":"Nancy Master","featured_image":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/02\/shutterstock_608645588_c2222.jpg","imagine_tags":{"209":"Accounting","436":"Intacct Accounting"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice US","distributor_original_site_url":"https:\/\/www.sage.com\/en-us\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/9883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/users\/1426"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/comments?post=9883"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/9883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media\/14348"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media?parent=9883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/categories?post=9883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/tags?post=9883"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/business_type?post=9883"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/lilypad?post=9883"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/context?post=9883"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/industry?post=9883"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/persona?post=9883"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/imagine_tag?post=9883"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/coauthors?post=9883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}