SOURCE: Sage Software

January 17, 2007 11:36 ET

Sage Software's Sage MIP Fund Accounting Helps Community Action Organizations Manage Large Number of Funds

AUSTIN, TX -- (MARKET WIRE) -- January 17, 2007 -- Sage Software announced today that community action organizations across North America are continuing to choose its award-winning Sage MIP Fund Accounting software for nonprofit financial management. Community action organizations, like Community Action Agency of Butte County, Inc. (CAABCI), Ki Bois Community Action Foundation, Inc., and Greater East Texas Community Action Program (GETCAP), count on Sage MIP Fund Accounting to track and report on multiple funds, across multiple budget periods, to help them meet reporting requirements and demonstrate accountability to constituents.

"We have about 26 different funds with various fiscal years, and Sage MIP Fund Accounting helps us account for and report on all of them," said Dana Campbell, fiscal officer for Oroville, Calif.-based CAABCI, with operating revenue of $4.5 million. "We appreciate that the software remains flexible, while still adhering to GAAP (Generally Accepted Accounting Principles) and other principles. Sage MIP Fund Accounting is also easy-to-use. Within two months of joining the organization, I had it pretty much figured out."

Tom Marlatt, director and CFO for Southeastern, Oklahoma-based Ki Bois Community Action Foundation, added, "As a multi-funded nonprofit corporation, we deal with a large number of contracts, all with different year-end dates. To track contracts separately using other nonprofit accounting products was more difficult. Sage MIP Fund Accounting makes it easy."

Sage MIP Fund Accounting continues to be an easy-to-use solution, helping community action and other social service organizations demonstrate transparency and accountability. The software's powerful reporting tools, table-driven charts of accounts, and dynamic Drill-down Analyzer make it easy for auditors to verify these organizations' financial statement accuracy and organization to maintain a clear audit trail. Sage MIP Fund Accounting helps community action and other social service organizations budget, track, forecast, and report on outcome measurements. The software can also integrate with third-party outcome measurement products.

"Sage MIP Fund Accounting makes my job easier," said Wendi Molandes, fiscal officer for Nacogdoches, Texas-based Greater East Texas Community Action Program (GETCAP). "I set up segments for our chart of accounts, and then run reports based on any of those segments or combinations thereof. Plus, because the software does not require us to close a year, we can easily keep accurate track of our various grants ending at different times throughout a given year."

Using Sage MIP Fund Accounting, nonprofits of all sizes can plan and manage budgets, maximize grants, and produce accurate customized reports in minutes. "Unlike many other fund accounting packages, Sage MIP Fund Accounting is date-driven, not period-driven, which means we can pull reports between any two dates," added Marlatt. "We can drill-down to get the exact information we need, plus link Sage MIP Fund Accounting to our human resource management system (HRMS), helping us cut down on duplicate data entry."

Molandes added, "Sage MIP Fund Accounting's reports are easy to customize. I can include as much or as little detail as I want, depending on the area of management requesting the report. My boss wants to see everything, but our board of directors needs less detail. The software allows me to tailor to the needs of individuals within our organization."

For more than 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 more than 2.7 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 5.2 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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