Press Release

Faith Promise Church Manages Continued Growth with Intacct

Nonprofit Organization Streamlines Financial Operations and Improves Fund Accounting with Scalable Financial Management Solution

Faith Promise Church Logo
With the efficiencies we’ve gained through Intacct, we’ve kept our staff size low even as we doubled in size. By using the system to manage all of our day-to-day bookkeeping, we’re saving $85,000 or more a year in salaries and benefits, while doing deeper analysis and reporting.

SAN JOSE, Calif. – April 1, 2015 – Intacct, a leader in cloud financial management and accounting software, today announced that Faith Promise Church has saved over $85,000 in salary costs annually as a result of leveraging the Intacct solution over the past six years.

With Intacct, the church’s multiple campuses realized over 35 percent productivity increases across key financial workflows such as cash management, purchasing, budgeting, accounts payables, bank reconciliations and payroll processing. In addition, Intacct’s flexible reporting has helped Faith Promise improve its fund accounting and gain deep visibility for better planning and faster decision-making.

In a new case study published today, Intacct highlights the results Faith Promise Church achieved by switching to Intacct’s cloud financial applications. The full case study is available for download at: https://rc.sageintacct.com/customer-success-stories/faith-promise-church. Here is a quick overview of the profile:

Previous Business Challenges Faced by Faith Promise Church:

  • Required a robust financial solution tailored to growing not-for-profit organizations
  • Wanted to automate time-consuming manual processes and eliminate duplicate data entry
  • Needed rich reporting capabilities for transparency into spending across campuses and programs
  • Looking for a user-friendly cloud solution that would support anytime, anywhere access while minimizing IT efforts

 

Results with Intacct:

 

  • Streamlined financial workflows in the cloud to drive over 35% productivity increase
  • Minimized finance staffing needs despite growth, saving $85,000 in salary costs annually
  • Gained ability to easily track, manage, and report on multiple church locations, ministries and funds in real-time
  • Improved long-term decision-making through more complete, accurate data

 

Highlighted Comments from Aaron Goin, chief financial officer at Faith Promise Church:

 

“Most churches our size have five or more full time finance staff. With the efficiencies we’ve gained through Intacct, we’ve kept our staff size low even as we doubled in size. By using the system to manage all of our day-to-day bookkeeping, we’re saving $85,000 or more a year in salaries and benefits, while doing deeper analysis and reporting.”

“With all of the data we have in Intacct, we now have insight into where our spending is effective or where we might be losing value, so we can make better business decisions. For example, we can compare variances across our children’s ministries at each campus to identify opportunities where the programs can learn from each other’s best practices.”

“As we’ve evolved, it’s been easy to make minor configuration changes to Intacct with clicks versus code.  It simply fits our changing needs; not the other way around. And over the past six years, we’ve seen Intacct’s capabilities evolve rapidly. The company listens to its customers and stays ahead of best practices so I always know I’m getting the latest innovations in financial management.”

About Sage

Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid Sized Businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.

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