SAN JOSE, Calif. – Sept. 11, 2014 – Intacct, a leader in cloud financial management and accounting software, today announced that The Conrad N. Hilton Foundation increased productivity and gained real-time financial insight across departments and programs by switching from Sage 100 ERP (formerly Sage MAS 90) to Intacct. With Intacct’s modern cloud financial system, the growing foundation significantly streamlined its accounts payables, grant payment, time and expense, and financial reporting processes.
In a new case study published today, Intacct highlights the results the Hilton Foundation achieved by switching to Intacct’s cloud financial applications. The full case study is available for download at http://www.intacct.com/customer-success-stories/hilton-foundation. Here is a quick overview of the profile:
Previous Business Challenges Faced by the Hilton Foundation:
- Needed a modern financial management solution to improve financial reporting and controls
- Wanted to automate paper-based AP and time and expense processes, gain remote access, improve data accuracy, and minimize reliance on Excel
- Needed to share data between financial management system and investment and payroll vendors
- Looking for robust reporting and dashboard capabilities to provide visibility into financial data across multiple departments and programs
Results with Intacct:
- Modernized and streamlined finance department, enabled paperless operations, and improved financial controls
- Automated processes increased data accuracy and cut days of data entry each month
- Productivity freed finance team to more deeply analyze financial information and increase workload
- Gained ability to track, manage, and report on budgets and other financial trends in real-time across departments and programs
Highlighted Comments from Monica Emerson, the Hilton Foundation’s controller:
“Intacct cuts days from the time we spend preparing our financial reports, and often saves weeks in the process of preparing schedules for our audits and tax returns. Because of Intacct’s multi-dimensional approach and its great report writing system, it’s so easy to instantly pull up the exact reports or specific expenses we need.”
“Intacct gives us the flexibility to quickly deliver visibility into any specific metric we require at any given time. For example, we originally organized our budget reports by expense category, until one of our board members wanted to monitor budgets by the department. With Intacct’s department dimension, we were able to easily create a report that provided actuals versus budget by department, and then by expense line.”
“It’s also a great perk that all of our accounting work can be done from anywhere now because Intacct is cloud-based. Being able to log on from home or anywhere in the world is a significant driver of our productivity.”