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Tangicloud for NFPs Introduced

TJay Malik, Tangicloudangicloud for NFPs has been introduced to provide cloud-based fund accounting software. The application, available in three editions, is based on Microsoft's Dynamics NAV accounting software.

Founded by Jay and Leisa Malik, who established Serenic, Tangicloud is selling its software 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.

The three software editions start at Essentials for $199 per month and offer allocations, audit trails, banks, budgets, the GL, multiple companies, among others. The Select edition, priced at $299 per month, 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 makes those modules that are optional with the Select edition standard. CPAs can received limited versions of all three editions at cost.

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