Customer Case Studies

© 2019 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview JumpStart Inc. is a nationally recognized non-profit that unlocks the full potential of diverse and ambitious entrepreneurs to economically transform entire communities. JumpStart Inc. provide investment capital and intensive, high-impact assistance to a diverse range of entrepreneurs and small businesses owners across Ohio, helping them grow their companies, generate returns for their investors and create wealth and jobs for their communities. Executive Summary Previous So ware: • Microso Dynamics SL Results with Sage Intacct: • Sped planning cycles over 2X, while increasing budget accuracy 90% • Increased overall finance team efficiency 20% • Reduced billing cycle for state grant reimbursement from 60+ days to 15 • Scaled with 50% budget growth despite only 25% finance team growth • So ware paid for itself in <3 months Challenges Managing Financials Across Complex Multi-Entity Operations Founded in 2004, Cleveland-based venture development organization JumpStart Inc. has a mission to unlock the full potential of diverse and ambitious entrepreneurs to economically transform entire communities. In recent years, the organization's funding has increased, and it subsequently expanded to offer more advisory services, a nonprofit investing arm, and a for-profit fund called the JumpStart Next Fund. All of this activity intensified the burden on the finance team, and when JumpStart's original CFO le the organization, management decided to broaden the role. JumpStart brought in a new managing partner of operations, Karen Adame, who took a fresh look at the organization's systems and processes. One of the first decisions she made was to replace the outdated on-premises Microso Dynamics SL system with Sage Intacct's cloudbased financial management solution. "When I joined JumpStart, our inter-company processes were a massive burden, and it was clear we needed a more sophisticated financial management solution," she said. "We looked at Oracle NetSuite and Acumatica, but quickly ruled them out. Given my prior experience, I knew Sage Intacct was the only solution truly designed for finance, and had confidence that its multi-entity capabilities, strong financial controls, and flexible reporting dimensions were the perfect fit for our diverse needs." Solutions Improved Financial Visibility Speeds Budget Cycles 2X JumpStart can now run even its most complex reports and multi-entity consolidations within Sage Intacct. The finance team created more than a dozen permissions-based dashboards for different leaders across the business, leveraging Sage Intacct's dimensions to capture business context for reporting by program, funder, restricted grants, line of business, vendor, and even individual employees. "Thanks to the transparency we have in Sage Intacct, we know where our money's going, and we can reduce our operating costs to optimize the impact of each donation," noted Adame. "For instance, we never realized how much work our IT team was outsourcing until we noticed the high spend in Sage Intacct. Once we looked into it, we were able to reprioritize and cut unnecessary expenses in half. No one missed a beat." Managing Financials Across Complex Multi- Entity Operations JumpStart, Inc. C A S E S T U D Y

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