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SAN JOSE, Calif. – Oct. 20, 2014 – Intacct, a leader in cloud financial management and accounting software, today announced that Auburn Theological Seminary switched to Intacct nonprofit accounting software for improved financial insight and productivity. After modernizing several financial processes with Intacct, the faith-based nonprofit was able to cut its monthly close process by two-thirds and increase finance staff efficiency by 25 percent.
Auburn equips bold and resilient leaders of faith and moral courage to build congregations and communities, bridge divides, pursue justice, and heal the world. To ensure a solid foundation for future growth, Auburn upgraded its business systems, including migrating to Salesforce and Intacct.
“We chose to move to Intacct because it was the best-equipped software to give us real-time financial visibility, minimize our duplicate work, and even seamlessly integrate with Salesforce,” said Edna Bartolome, director of finance and administration for Auburn Theological Seminary. “All of these capabilities were reinforced by Intacct’s track record in the nonprofit space and its endorsement from the American Institute of CPAs.”
After making the selection, Auburn worked with Intacct business partner CliftonLarsonAllen to implement the system and transform the organization’s project, grant, and donor accounting, as well as cash management, purchasing, and expense reimbursement processes. This provides Auburn with greater consistency, productivity, and financial accuracy.
Another Intacct partner, Sererra, helped configure the Intacct and Salesforce integration to Auburn’s specific needs. By seamlessly connecting Intacct with Salesforce, the nonprofit is saving at least three hours each week that it previously spent tediously downloading and uploading data, as well as over $5,000 in direct costs per year.
Now, the Intacct and Salesforce systems effortlessly share information. As a result, the organization can easily run “giving” reports by donor types such as individual, foundation, religious institution, for profit, nonprofit, or donor-advised funds – which is very useful to its fundraising department for grant proposals.
Auburn’s finance team and program directors now have real-time access to operating statements, grant spending, cash balances, and expenses from anywhere.
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.