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Cloud-Based Financial Management for a Growing Nonprofit
DonorsChoose.org is an online charity that makes it easy for anyone to help students in need. Teachers at over 66,000 public schools in America have created at least one project request on the site since it was launched in 2000, and over two million people have donated over $400 million to fund more than 700,000 projects. Over the past decade, the nonprofit’s annual revenue grew 15X to $75 million, and it continues to increase at a steady pace.
In light of this growth, DonorsChoose.org decided to adopt scalable software-as-a-service solutions across its business—including fundraising, supply chain procurement, customer support, file storage, and expense reporting. Naturally, the finance team also went in search of cloud-based software to replace its silo’d Blackbaud general ledger.
Results with Sage Intacct:
- Increased overall finance team efficiency by 20%
- Saved 50+ hours/month on rev rec, reporting, and A/P
- Shortened monthly close by 60%