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TANGICLOUD FOR NFPS LAUNCHED Featured

Jay Cloud, Tangicloud Tangicloud for NFPs, a fund accounting package has been launched. The cloud product, based on Dynamics NAV, comes from Tangicloud, founded by Jay and Leisa Malik, the founders of Serenic. The company took responsibility for servicing 14 clients from a software company that suspended operations in July and transitioned them and a small number of other companies since then.

The software is now being sold direct and through the Dynamics channel. "Tangicloud for NFPs has a complete selection of features immediately available in three packages, in order to best serve small, mid-market and high end users," CEO Jay Malik said in a prepared statement. There are three software editions starting at Essentials for $199 per month. The product incorporates allocations, audit trails, banks, budgets, the GL, multiple companies, among others. For $299 per month, the Select edition incorporates those features and has optional modules that include endowments, fixed assets, grants, purchase orders with encumbrances and requisitions with commitments. The Enterprise edition for $399 per month has the same modules as Essentials and offers the modules that are optional with the Select edition as standard. All three editions offer limited features to CPAs for no cost.

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