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Sage Intacct Cloud Accounting Delivers Streamlined Fund Management and Increased Financial Visibility
Monterey Peninsula Foundation, the charitable foundation behind the AT&T Pebble Beach Pro-Am golf tournament, was looking for a modern, cloud accounting system that could provide better financial management. This growing nonprift previously used outdated, on-premises accounting software from Sage that forced them to do much of its report preparation for things like budget variance and player donation tracking in Excel.
Moving to Sage Intacct's cloud accounting software has helped the nonprofit modernize several time-consuming financial processes and gain more sophisticated, flexible reporting. In addition, Sage Intacct provides valuable financial insights that inform key decisions for the organization, such as sponsorship pricing and player fees, and increases visibility into tournament margins and grant funding.
Results with Sage Intacct
- Avoided $80,000 in annual headcount costs
- Saved 850 hours of work in accounts payable and reporting each year
- Slashed monthly close time by 40%