Automate Accounts Payable and Fixed Asset Management With Integrated Medical Accounting

Posted by Erica Burles on May 28, 2019 10:21:48 AM

Healthcare companies are reducing internal costs by automating accounts payable processing and fixed asset management with cloud-based, medical accounting. It’s possible to dramatically streamline several inefficient workflows in a single system that easily integrates with your favorite medical practice software.

If you’re managing a high volume of payables and need comprehensive fixed-asset accounting in a centralized system, it’s time to take a closer look at Sage Intacct, the only HIPAA-certified cloud accounting software.

Medical Practice Accounting SoftwareComprehensive fixed assets management in a single system
Managing your firm’s fixed assets is more than tracking depreciation. Now, it’s necessary to track deeper dimensions such as condition, valuation, insurance status, and location. With Sage Intacct, you can:

  • Tag fixed assets with dimensions to see how costs are by location, department, patient, and more.
  • See the complete lifecycle with the ability to trace general ledger transactions back to the originating fixed asset.
  • Produce a single set of asset-acquisition, depreciation, and disposal information that’s automatically recorded in the general ledger, accounts payable, and purchasing and then communicate book values to internal and external stakeholders using visual dashboards and reports.

Centralized accounts payable automates invoice routing and approvals
With Sage Intacct’s accounts payable solutions, you can create your own automated, configurable workflows for approvals and routing to fit your unique operation, including:

  • Track payments and approvals across your entire business, including AP liabilities and vendor-aging reports for a single location, or a consolidated view of multi-locations in real time.
  • Automate expense allocation for shared-sites that serve multiple clients and easily manage complex pass-through client transactions in a single system of record with drill-down visibility.
  • Easily upload payroll, supplier, and expense system (e.g. Concur or Paylocity) data directly into Sage Intacct and save dozens of hours in data entry each month while increasing accuracy.

Integrates with your preferred medical and billing system
The flexibility to choose solutions that make the most sense for your business today and in the future is built in to Sage Intacct. With Intacct, you can:

  • Create your own integration or use pre-built connectors to your incumbent, industry-specific software (e.g. Reliable Health Systems or MatrixCare). No coding required.
  • Rely on your connector even after software upgrades with APIs guaranteed not to break.
  • Switch out your integrated solutions as your needs change without IT or programming support.

Seamless, simple, and easy to use
As your company grows, everything is so seamless and so simple with Sage Intacct, there may be no need to grow headcount. The only accounting solution recommended by the AICPA and certified to be HIPAA-compliant, Sage Intacct provides the automation to improve your financial and operational performance.

Contact us if you have questions about business care or need personalized support from our team of Sage Intacct technical experts.

Topics: Sage Intacct, Medical Practice Accounting Software

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