Legacy Financial - A SigEp Financial Management Solution

Sigma Phi Epsilon wants to do all it can to reduce administrative burdens and direct chapters to high quality, cost-effective service providers. That way, you and other chapter leaders can focus more energy on making the SigEp experience the best on your campus.

The Fraternity researched billing and financial management companies to select Sigma Phi Epsilon’s preferred vendor for these services. After reviewing the market options, SigEp has partnered with Legacy Financial (LegFi).

Why pick a preferred vendor for financial management services?

• Many of our AVCs and chapters are paying expensive fees to both billing companies and providers of financial bookkeeping software.
• Each year, chapters and AVCs who fail to file taxes lose their nonprofit status. Many end up paying unnecessary fines.
• Financial management is one of the most complex responsibilities to transition. A consistent platform allows officers to spend more time building their chapter and less time reinventing the process.

Why choose Legacy Financial?

• LegFi is building a financial management solution specifically designed for SigEp chapters and AVCs, including many free, easy-to-use tools and resources.
• Chapters and AVCs that need more personalized service and help with day-to-day administration can subscribe to LegFi’s full service option at rates that are being offered 20-30 percent below average market cost, exclusively for SigEp chapters.
• LegFi wants to contribute to the success of all SigEp chapters and has committed to invest financially in SigEp’s leadership events like the Carlson Leadership Academy.
• Our SigEp testers found LegFi’s financial management tools intuitive and easy to use. We think you’ll agree.

What services and features does Legacy Financial provide?

LegFi provides a free and intuitive software platform to SigEp chapters and AVCs for:

• Creating budgets and tracking cash flow
• Invoicing to members and parents electronically
• Emailing and texting chapter members
• Collecting membership agreements
• Creating shared calendars
• Storing shared documents

LegFi also provides affordable, subscription and fee-based services for:

• Quick and easy online bill payment
• Hard-copy, mailable invoicing to members and parents
• Phone calls to past due members
• Collections process management when necessary
• Easy, online filing of annual tax reports – forms 990N and 990EZ (forms 990 and 990T available spring 2013)

What are the benefits of using Legacy Financial?

• Your chapter and AVC can gain free access to tools and resources that would otherwise require a subscription or high upfront cost.
• For many chapters, the improved collection rate more than pays for the subscription and fee-based services.
• Chapter receivables data is stored in one place, accessible 24/7, easily transferable to new officers, and viewable by chapter advisors.
• If you are already using a billing company, switching to Legacy Financial could save your chapter hundreds or thousands of dollars annually.

Where can I go to get more information?

• Contact Legacy Financial Director of Business Development Jesse Hitt at jesse@legfi.com or 859-309-3640.
• Send a chapter volunteer and your Vice President of Finance to this year’s Carlson Leadership Academy. LegFi will be attending all Academies and will be presenting in both the volunteer and VP of Finance sessions.

For more information, visit our Frequently Asked Questions.