{"id":17445,"date":"2023-07-31T20:16:54","date_gmt":"2023-07-31T20:16:54","guid":{"rendered":"https:\/\/www.lucentive.com\/?p=17445"},"modified":"2023-07-31T20:16:55","modified_gmt":"2023-07-31T20:16:55","slug":"explore-new-financial-frontiers-with-real-time-reporting-and-visibility-2","status":"publish","type":"post","link":"https:\/\/www.lucentive.com\/explore-new-financial-frontiers-with-real-time-reporting-and-visibility-2\/","title":{"rendered":""},"content":{"rendered":"\n

Explore New Financial Frontiers with Real-Time Reporting and Visibility<\/h2>\n\n\n\n

Among the many factors that contribute to smooth operations for your clinic or medical business, visibility is paramount. After all, the best business decisions are made from a place of insight and comprehensive knowledge about the financial standing of a company. Without this crucial information, businesses in the healthcare industry may not only suffer the consequences of making poor financial decisions, but fall behind in other areas, such as tracking patient care and treatment progress.

Fortunately, Sage Intacct\u2014a best-in-class accounting solution\u2014allows for accurate and precise data analysis, so medical companies can have a true understanding of their finances. Below, we\u2019ve listed a few of Sage Intacct\u2019s reporting features that can revolutionize financial operations for your medical business, empowering data-driven decisions and promoting success.<\/p>\n\n\n\n

    \n
  1. Best-in-Class Customizable Dashboards\u00a0<\/strong><\/li>\n<\/ol>\n\n\n\n

    Sage Intacct enables the creation of personalized dashboards, and offers a wide range of graphical and tabular reports. These dashboards can be tailored to specific roles or departments, providing real-time visibility into key financial metrics, such as revenue, expenses, cash flow, and profitability\u2014all of which are essential to key stakeholders.

    By leveraging the software solution\u2019s dashboards, medical businesses can increase their agility, dive beneath the surface with custom reports, and perform more optimally.<\/p>\n\n\n\n

      \n
    1. User-Defined Dimensions<\/strong><\/li>\n<\/ol>\n\n\n\n

      Building on the above, Sage Intacct supports user-defined dimensions, which are customizable categorization elements that allow for flexible reporting and analysis. Users can define dimensions such as departments, projects, locations, or products, and assign transactions and accounts to these dimensions. This enables users to generate reports that provide visibility into specific areas of the business based on the defined dimensions.<\/p>\n\n\n\n

        \n
      1. In-Depth Financial Reporting<\/strong><\/li>\n<\/ol>\n\n\n\n

        Gain access to 150 built-in financial reports, including income statements, balance sheets, cash flow statements, and more. These reports offer a clear overview of a hospital or medical clinic\u2019s financial performance, enabling stakeholders to assess profitability, liquidity, and overall financial health. These reports make it possible to ditch old-school Excel reporting, or other outdated tools that may be arduous and inefficient to use.<\/p>\n\n\n\n

          \n
        1. Consolidated Reporting<\/strong><\/li>\n<\/ol>\n\n\n\n

          For multi-entity health organizations, Sage Intacct supports consolidated reporting, allowing financial statements to be aggregated across hundreds of entities within minutes and boosting productivity by more than 50%<\/a>. This feature helps provide a consolidated view of the entire company’s financials, promoting better visibility into overall performance. It also enhances agility while saving time and reducing costly errors.<\/p>\n\n\n\n

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          1. Real-Time Visibility<\/strong><\/li>\n<\/ol>\n\n\n\n

            Sage Intacct integrates with various data sources, including general ledger, accounts payable, and accounts receivable. As transactions and financial data are entered into the system, they are immediately captured and stored in real-time, meaning that all reports are based on up-to-date financial data. This real-time access to information ensures that decision-makers have accurate and current insights into the financial status of a clinic or healthcare organization, enabling thoughtful and spur-of-the-moment decision-making.<\/p>\n\n\n\n

            To begin reaping the benefits of unparalleled transparency and insight into your medical company\u2019s financials, reach out today<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

            Explore New Financial Frontiers with Real-Time Reporting and Visibility Among the many factors that contribute to smooth operations for your clinic or medical business, visibility is paramount. After all, the best business decisions are made from a place of insight and comprehensive knowledge about the financial standing of a company. Without this crucial information, businesses […]<\/p>\n","protected":false},"author":4,"featured_media":17446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[72,75,76,62,73],"acf":[],"yoast_head":"\n- Lucentive<\/title>\n<meta name=\"description\" content=\"the best business decisions are made from a place of insight and comprehensive knowledge about the financial standing of a company\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lucentive.com\/explore-new-financial-frontiers-with-real-time-reporting-and-visibility-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"- Lucentive\" \/>\n<meta property=\"og:description\" content=\"the best business 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