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://us.intacct.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 Intacct

Sage Intacct is the innovation and customer satisfaction leader in cloud Financial Management. With the powerful combination of Sage and Intacct, the Sage Business Cloud offers the best capabilities of both companies. Bringing cloud computing to finance and accounting, Sage Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.

Sage Intacct is based in San Jose, California and an entity of Sage, the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders and a FTSE 100 business. For more information on Sage Intacct, please visit www.intacct.com or call 877-437-7765. Connect with Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.

Media contacts

Peter Olson

Phone: 408-878-0951
Email: polson [@] intacct.com
Twitter: @Intacct_Peter

Brittany Benson

Phone: 408-620-3938
Email: bbenson [@] intacct.com
Twitter: @brittanybbenson

Finn Partners

Phone: 415-905-4000
Email: intacctteam [@] finnpartners.com
Twitter: @finnpartners