SOURCE: Sage Software

September 24, 2007 10:46 ET

Sage MIP Fund Accounting Helps Tribal Governments Advance Accounting Practices, Easily Produce GASB-Compliant Reports

AUSTIN, TX--(Marketwire - September 24, 2007) - Sage Software announced today that tribal governments across the U.S. continue to choose its award-winning Sage MIP Fund Accounting software for nonprofit financial management. Such tribal governments as the Coquille Indian Tribe and the Narragansett Indian Tribe count on Sage MIP Fund Accounting to help them track and report on multiple funds across multiple budget cost centers, and through varying budget periods; quickly produce accurate reports meeting Government Accounting Standards Board (GASB) requirements; maintain a clear audit trail plan; and maximize grants.

"When I took my position in 1990, there were three other employees," said Kathy Henry, controller for the North Bend, Ore.-based Coquille Indian Tribe, a federally recognized Native American tribal entity of the Coquille people. "Now, we have over 100 employees, and for nearly 17 years Sage MIP Fund Accounting has met our needs. We've added more modules over the years to improve and develop our accounting practices, and Sage has offered improvements and new capabilities to help facilitate our growth. For example, we added the Purchase Orders and Encumbrances module so our program managers can get more up-to-date information, including obligations on their budget reports."

Tribal governments face many challenges, from managing multiple programs and meeting complex reporting requirements, to governing by the will of the people. Sage MIP Fund Accounting helps these organizations track all revenues and expenses by fund, which often need to be further segregated by source, such as tribal funds, private sources, and federal grants and contracts. Sage MIP Fund Accounting continues to be easy-to-use, while its powerful, GASB-compliant reporting tools, table-driven charts of accounts, and dynamic Drill-down Analyzer make it easy for these organizations' auditors to verify the accuracy of financial statements.

"We began our relationship with Sage Software in 1997," said Speedi Burrell, director of finance for the Charlestown, R.I.-based Narragansett Indian Tribe, a Sovereign Nation, and federally recognized Tribe of the Federal government since 1983. "At that time, we had a manual system and were behind on everything, from reports to audits. Our auditor strongly recommended updating the finance department with a true fund accounting solution like Sage MIP Fund Accounting. Still today -- 10 years later -- the software helps us easily produce GASB-compliant reports for both internal and external stakeholders, while its customizable chart of accounts helps us quickly access data."

For 25 years, Sage Software has been helping nonprofit organizations further their missions and better serve constituents through the use of technology. Sage MIP Fund Accounting and the range of Sage Fundraising product choices enable nonprofit organizations, regardless of size and budget, to select a solution that best fits their needs. Sage MIP Fund Accounting earned a coveted 2005 Campbell Award from Campbell Rinker for its exceptional ratings in the Nonprofit Accounting Software Survey, a nationwide survey of accounting software users.

For more information about Sage MIP Fund Accounting or other Sage Software Nonprofit Solutions, visit www.sagenonprofit.com or call 800-647-3863.

About Sage Software

Sage Software supports the needs, challenges and dreams of nearly 2.8 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.4 million customers and employs over 13,000 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

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