Contact Information: Press Contact: Cynthia Sutton Sage Software (703) 793-2700 x 3032 cynthia.sutton@sage.com
Sage MIP Fund Accounting Helps Tribal Governments Advance Accounting Practices, Easily Produce GASB-Compliant Reports
| Source: Sage Software
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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