Customer Case Studies

www.sageintacct.com 300 Park Ave #1400 San Jose, CA 95110 877-437-7765 Copyright ©2019, Sage Intacct, Inc. All rights reserved. Sage Intacct is a registered trademark of Sage Intacct, Inc. m a n a g i n g f i n a n c i a l s a c r o s s c o m p l e x m u l t i - e n t i t y o p e r a t i o n s The team also uses Sage Intacct to help prepare budgets for each fund and monitor budget-to- actuals across all of the relevant programs in any line of business—or to track a single program that's supported by multiple funders. JumpStart's fundraising team has all the detail they need within Sage Intacct and can easily show funders how their money is being spent. As a result, the organization can reforecast when needed and enjoys 90% more accurate budgeting in a three- week window, rather than the previous 60-day cycle. Another benefit of Sage Intacct has been the ability to effortlessly track diversity and inclusion metrics across JumpStart's vendors. The finance team can monitor how many minority-owned businesses they are working with and look at spend across different types of suppliers (those located in HUD zones, female-owned suppliers, etc.). As a result, employees are more thoughtful about diversity, and the organization is shi ing more of its spending towards minority-owned Results 30% Efficiency Gains Enable Effortless Scale Sage Intacct also helped JumpStart streamline several financial processes—from easing employee time allocation across programs and managing restricted funds, to speeding invoicing 80%, slashing the monthly close by two-thirds, and improving the annual audit by 50%. "Although our revenue budget has grown 60% since we implemented Sage Intacct, our finance staff only grew 25%," said Adame. "We've seen an overall efficiency improvement of 30% through automated workflows and fewer incoming questions, since everyone has timely, accurate financial information via their personalized Sage Intacct dashboards." "The majority of our work is done by shared staff who divide their time across multiple business entities, 12 lines of business, and many clients," she added. "We budget estimated time from each employee in advance for specific programs, and it's extremely important that their actual time is allocated accurately, especially for state grant reimbursements. With Sage Intacct's statistical accounts, we avoid hours upon hours of manual work because it's easy to capture time tracking data, then compare it to our initial plans to make sure nothing is out of whack before we close out the month." Finally, JumpStart's accounts receivable (A/R) cycle has improved and the business is ge ing cash in the door faster. The finance team now turns around service invoices within two days—as opposed to the two weeks it took before—and nothing falls through the cracks anymore. I used to spend 75% of my time checking the accuracy of our financial data and overseeing transactional work. Since transitioning from Microso Dynamics SL, I've dramatically shi ed my focus. Thanks to the automation and visibility we've gained with Sage Intacct, I can now spend 75% of my energy analyzing our financial information and making operational decisions that impact the business. Karen Adame, Manager Partner Operations, JumpStart

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