August 11, 2021
Just before COVID-19 hit, the Foundation for Advanced Education in the Sciences (FAES) went looking for a cloud-based financial management solution that would enable them to better track different departments, locations, and programs. “We chose SageIntacct for its dimensional reporting, role-based dashboards, ability to integrate with other applications, internal controls, and robust security,” said Luna. “That decision ended up being very fortuitous because it streamlined our accounting processes and allowed for a seamless transition to fully remote work during the pandemic.”
By migrating to Sage Intacct, FAES improved financial processes and visibility across the organization—increasing overall finance team efficiency by 30%, speeding collections by weeks, driving greater accountability, and identifying programs that were draining the nonprofit’s limited resources.
Results with Sage Intacct:
- Increased overall finance efficiency by 30%
- Sped collections cycle by weeks, improving cashflow
- Reduced time spent on the monthly close by 10%
- Gained departmental visibility, driving greater accountability
- Eliminated courses that were a financial drain on the organization