Trusted CFO Solution’s Guide to Sage Intacct COVID-19 Resources

It may feel like the weight of the world is on your shoulders. We want you to know that Trusted CFO Solutions and Sage Intacct are committed to helping you and your business emerge stronger through the COVID-19 pandemic.

Our TCFOS COVID-19 Task Force put together this guide from Sage Intacct’s great resources to help you save time and be a stronger business.

Sage Intacct Articles

Joining Forces, Sparking Creativity to Fight COVID-19 Together: On our recent Webinar, “COVID-19 CARES Act: Getting the Government to Cover Your Payroll Costs,” we provided some insight from our customers on what they were doing to help keep their organizations moving forward during the COVID-19 epidemic – things like communication to customers and employees to use this time to improve their businesses. We would also like to highlight an interesting phenomenon, companies across many industries are partnering and/or using creativity to fight the COVID-19 crisis in brand new ways.

How To Update Your Board In The Midst of The Coronavirus: Our software community requires new strategies to stay ahead of the curve in this rapidly changing business environment caused by Covid-19.  So, we created a virtual Sage Intacct Modern SaaS Finance Summit to help you navigate managing cash, churn, expenses, and forecasting. In this session, a panel of experienced investors from private equity and venture capital shared tips for preserving cash, fundraising, and updating your board of directors in a tough business environment.

Navigating Uncertainty During The COVID-19 Pandemic: Village Family Dental is a multispecialty mid-sized dental practice in North Carolina. The group specializes in treating the entire family, including pediatric dentistry, prosthodontics, and oral surgery, and administering oral sedation for dentistry patients across 11 locations and three ambulatory surgery centers. Like all healthcare providers, Village Family Dental has been hit hard by the COVID-19 outbreak, necessitating agility and flexibility as it adapts day-to-day operations, cash flow management, and its overall service model to respond to constantly changing conditions and restrictions.

Reduce Revenue Loss: We are all facing unprecedented times with COVID-19. Not only are individuals affected in profound ways, but businesses are also severely feeling the impact. Hospitality, though, is one of the hardest-hit sectors of this crisis. Read the Five Fast Tips for Restaurants Looking to Minimize Revenue Loss During COVID-19.

Forecasting Cash: Our software community is facing uncertain times from the COVID-19 pandemic. So, SI created a virtual Sage Intacct Modern SaaS Finance Summit to help you navigate cash management, churn, expenses, and forecasting. Read about 4 Tips on How Forecasting Cash Will Help Navigate Uncertainty.

True Collaboration: Much has changed in the world over the last few weeks, but our commitment to the Sage Intacct partner ecosystem remains the same. Our partner philosophy has always been that if our customers and partners don’t succeed, we don’t succeed. That approach guides everything we do. Read more about how Sage Intacct is Helping Their Partners During the Coronavirus.

How do we move on from here? Here are a few lessons from successful finance leaders at financial services firms who, at one point or another, have experienced a major business setback – and the measures they took to move forward productively. 5 Best Practices for Financial Services Firms Responding to COVID-19.

Add New Value: We’ve seen several generations of financial accounting systems emerge over the last 4-5 decades. Initially, there were mainframe applications that only completed the most computationally-intensive aspects of a financial process. High-cost computing hardware drove a lot of the early specialization in application development (and the limited options for same). Read here about The New Finance & Implications for Finance Organizations.

Preparation for a Post COVID-19 World: As we all try to navigate through the impacts of the COVID-19 virus, it’s important to use any historical context we can as we try to make the best decisions for our business. You’re already working from home, dealing with event cancelations, and trying to establish a new normal. But what’s next? How Professional Service Organizations Can Apply the Lessons of 2008 to Today’s Business Environment.

Nonprofit Finance Leaders: You know that charitable donations are closely correlated with the direction and trends in the stock market. When the market is going up, individuals and corporations feel generous. When it’s heading down, donors pull back a bit to assess the financial situation. Read Nonprofit Crisis Management: 7 Things You Can Do Right Now

On-Demand Resources

Modern SaaS Finance Summit Virtual Event Series: Join peer SaaS and Subscription finance leaders, including Bessemer Venture Partners, Conga, and Workiva, for a series of virtual discussions on managing cash, expenses, and expectations at your companies.

CARES Act: Getting the Government to Cover Your Payroll Costs

Living in A Virtual World: Enduring Changes in The Office Of Finance

Managing Costs in Uncertain Times

Partners shaking hands, business deal

Partner Webinar Series

June 2020

July 2020

Additional Resources

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