Adagio is an Ideal Solution for Not for Profits

One of the challenges of being the Director of Finance is the responsibility to provide financial statements to a wide variety of audiences including Program Managers, Funders and the Board. Each group has their own needs. Adagio has the best financial reporter in its market segment. It allows you to design a variety of reports and then print them (or export them) at month end with one click of a button.

There is almost no limit to the types of financial statements that can be designed using Adagio’s Financial Statement Designer including Balance Sheets, Income Statements, Cash Flow, Key Ratios, Budget workbooks, etc. Statements can be rolling 12 month statements, have both Budgets and Forecasts and Forecasts can be fixed or calculated. Adagio provides more than 60 sample statements to help get you started quickly.

Agencies receiving government funding are required to provide increasingly complex reporting each year. Adagio’s Statement Designer can be used to easily create the specific reports that match these requirements.

Budgets are a necessary but often painful part of the Director of Finance’s job description. Adagio allows recording of two budgets. Some agencies use one as the “fixed” and one as the “flexible”. Both budgets can be updated directly or by importing from Excel.

In an era of scarce funding dollars, it’s imperative to find ways to save money. Did you know that every cheque you send out costs your agency at least $1.00? (cheque, envelope, stamp, bank fee, labour) Adagio provides two efficient methods to pay suppliers, contractors and employees electronically. You can reduce your payment processing costs by half, eliminate the risk of cheque fraud and free up staff time spent creating and reconciling paper cheques.

Salaries and benefits are the single largest line item for agencies of all sizes. But have you ever analyzed what it costs to prepare your payroll? Outsourced payroll firms such as ADP and Ceridian charge approximately $75 per employee, per year. If you have 100 staff members, that’s $7,500 per year. There are four payroll packages that integrate seamlessly with Adagio. After the initial conversion cost, your annual expense will be just $500 per year, for the payroll tax updates. Re-invest the $7,000 per year savings in programs for the clients you serve.

If your agency bills for services Adagio’s flexible invoicing function is ideal for producing attractive and meaningful invoices easily. The Receivables module tracks the amounts owed and will help you to keep your receivables under control.

Softrak Systems has built success in the accounting software industry for more than two decades by responding to customer feedback. You’ll take comfort in knowing that your accounting solution is regularly updated with the features that are important to the success of your organization.

Adagio is a modular software program, giving you the flexibility to purchase the modules that you need for your organization. A typical agency will use the General Ledger, Accounts Payable and Bank Reconciliation modules. Agencies that bill for services would add the Accounts Receivable and Invoicing modules. Additional modules that will optimize your accounting system include GridView to enhance your reporting and ePrint to enable your accounting department to minimize its paper output.

Adagio Ledger

Batch transaction management ensures only approved and balanced entries are posted to your accounts. It supports either a 12 or 13 period fiscal calendar, with a year of history and two sets of budgets. Every copy of Ledger includes and incorporates Adagio's Financial Reporter, allowing users to create new financial statements by dragging and dropping a range of accounts into a customizable spreadsheet-based report.

Adagio Payables

Track amounts owed to vendors and improve cash flow by maximizing early payment discounts. Payables also supports unlimited control accounts and customizable check layouts.

Adagio GridView

The perfect way for staff outside the accounting department to display information from Adagio without giving them access to the full accounting programs.

Adagio FX Pro

Completely automate month end financial statement creation, producing presentation-quality statements formatted exactly the way you need. Create budget, department and prior period comparatives, adding company logos and highlighting variances. Drill down directly from the statement to the posted transaction detail to explain unusual results. With simple drag and drop functionality, the "what you see is what you get" interface provides an unlimited variety of financial statements - and you don't need a degree in computer science to custom design your own.

Adagio BankRec

A centralized module that tracks your bank balances and lets you manage your cash position. Simply pick up transactions from Adagio Payables and send cash receipts to Adagio Receivables. Automatically reverse NSF checks, accounting for bank fees and client charges. With BankRec, you can reconcile accounts to your bank statement and Adagio Ledger in mere minutes.

Adagio Receivables

Offers complete receivables management. Adagio Receivables allows user-defined aging, customizable statements, and unlimited notes and alerts for an account.

Adagio Invoices

Combines unlimited line items, lengthy descriptions and flexible formatting with powerful archival batch management for recurring invoicing and service billing.

Adagio SalesCQ

A great tool for anyone who deals with customers/donors or prospects. Adagio SalesCQ allows you to scan your database for marketing and customer relations purposes, using numerous selection criteria.