SAN JOSE, Calif. – February 21, 2018 – Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions, today announced that the Roman Catholic Diocese of Portland, Maine, selected Sage Intacct, a solution available in Sage Business Cloud, to improve financial processes across its organization. Within a year of implementing Sage Intacct, the software has paid for itself and the diocese increased operations efficiency by ten percent.
Why Sage Intacct?
The Roman Catholic Diocese of Portland, Maine is a complex organization that includes more than 100 separate parishes, schools, foundations and other entities. It was searching for a solution that could manage these complexities and streamline reporting, consolidations, accounts payable, and expense management. With Sage Intacct, the Diocese has met organizational needs and increased value-added services.
“Initially, we didn’t think we would find a solution that could work for all of our entities, because they’re each so different. But, when we found Sage Intacct’s cloud financial management software, we knew the whole organization needed to make the switch,” said Laurie Downey, Controller, Roman Catholic Diocese of Portland. “Sage Intacct has everything we were looking for – the ability to do real-time consolidations, robust reporting, a flexible general ledger, strong internal controls with levels of user access, and an intuitive interface.”
The Portland Diocese worked with Sage Intacct partner Clifton Larson Allen to implement the cloud financial management solutions and has achieved significant benefits since, including:
Timely, accurate insight into parish operations: There’s been a significant increase in financial visibility across the organization and real-time updates from parishes.
Improved overall finance efficiency: The necessary data is always available, saving a 60 hour process and allowing for an immediate monthly consolidation. The organization has improved efficiency by ten percent and Sage Intacct has paid for itself in the first year of use.
Ease of use: Organizing workflows across a network of more than 100 entities is complex. The Portland Diocese found that Sage Intacct simplified the process.
“The Catholic Foundation of Maine has complex reporting requirements for its temporarily restricted, permanently restricted, and net asset funds,” said Downey. “Sage Intacct’s flexible general ledger effortlessly supports it all through dimension values – I just click a button and the foundation’s financial reports run perfectly in Sage Intacct.”
For more information on how the Portland Diocese uses Sage Intacct, view the full case study here.