Transforming Financial Processes: From Intacct to Business Central
Watch Video
Watch an executive summary video of this project profile blog post.
The Client
A community mental health organization sought to modernize its financial processes and transition away from its Sage Intacct financial system.
The Challenge
The organization previously relied on Sage Intacct for financial management, but the system’s limitations created inefficiencies. Key issues included a lack of integration with other solutions, reduced functionality in fund accounting, and limited state reporting capabilities. Additionally, the organization sought a solution that aligned with its peers' regional standardization efforts, as other mental health entities in the area were standardizing on Microsoft Dynamics 365 Business Central.
The Solution
The TM Group (TMG) proposed and implemented Microsoft Dynamics 365 Business Central, enhanced with TangiCloud for advanced fund accounting. The implementation followed a phased approach to ensure a smooth transition and immediate operational benefits:
-
Core Financial Setup: The project began by implementing Business Central's core financial modules, including General Ledger (GL), Accounts Payable (AP), and Bank Reconciliation. Fund Accounting with TangiCloud: Business Central was enhanced with TangiCloud to provide robust fund accounting capabilities, offering improved grant tracking and enhanced compliance reporting for the organization. Integration with EMR Systems: To support seamless operations, the organization leveraged TMG’s existing integration between Business Central and its electronic medical records (EMR) system, PCE, ensuring data consistency and enhanced compliance across platforms. Advanced Approvals and Workflow Enhancements: Leveraging the advanced approval workflows available through TangiCloud, the organization streamlined its financial approval processes, reducing manual oversight and increasing efficiency. The Results
The transition from Sage Intacct to Microsoft Dynamics 365 Business Central delivered significant improvements for the organization, including:
| Enhanced Fund Accounting: | Increased Reporting Capabilities: | Regional Standardization: |
| TangiCloud’s robust fund accounting features enabled more precise grant and fund tracking, meeting the organization's specific needs. | The new solution provided improved financial reporting, allowing for better insights into fund allocations and spending. | Joining other regional entities on Microsoft Dynamics 365 Business Central facilitated collaboration and shared best practices. |
Moving Forward
With its enhanced financial system in place, the organization is well-positioned to manage its financial operations more effectively. TMG’s expertise in community mental health organizations and ERP solutions ensures continued support for the organization’s evolving needs.
Discover how The TM Group can help modernize your organization’s financial processes. Contact us today to learn more about tailored Microsoft Dynamics solutions.
