Customer Case Studies

© 2019 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview Formerly known as Flamingo Road Church in Ft Lauderdale, Florida, Southern Baptist-affiliated Potential Church was founded over 33 years ago and has expanded dramatically to over 13 international locations with a growing weekly a endance of 13,000 people. Executive Summary Previous So ware: • QuickBooks Results with Sage Intacct: • Slashed monthly close by 50% • Reduced AP processing by 33% • Cut weekly revenue recognition from 5 days to 1 day • Saved $80,000 annual by repurposing staff • Gained timely visibility into performance across 13 church locations Challenges Searching for a Modern, Cloud-Based Accounting Solution Founded in 1979, Southern Baptist affiliated Potential Church has expanded rapidly over the past 10 years, more than doubling its membership in the last five years alone. With goals of growing from 13,000 to 100,000 a endees, from seven to 50 church campuses, and up to a $100 million budget, the organization has big plans for the future. Both the church's rapid growth and its new programming strategy put greater demands on the church's accounting systems and operations. Potential Church previously used QuickBooks®, but found that the system could not keep up with its rapid growth. "Our team was plowing through tons of manual processes, paperwork, and data entry, which was frequently held up by QuickBooks backups or server maintenance," said Reggie Alexis, controller at Potential Church. "As we adopted our leadership's visionary perspective and looked to the future, it was clear that we needed a cloud accounting solution to stay ahead of strategic changes that were placing new demands on accounting." Potential Church was looking for a dependable cloud solution that would remove its IT overhead and minimize downtime. The accounting department wanted to streamline and automate as many financial processes as possible so the team could take on more of a strategic role as opposed to tactically processing data and reacting to requests. "A er evaluating several top financial systems, including Microso Dynamics, Sage Intacct was the clear choice for us because of its pure cloud approach and seamless integration with other key business applications," commented Alexis. "We love Sage Intacct's user interface, which complements our financial management best practices." Solutions From Slow Manual Processes to Real-Time Financial Management A er just a six-week implementation, Potential Church saw improvements in its accounting processes. "The biggest improvement we saw was the speed and accuracy of our monthly financial close, which now takes half the time it did with QuickBooks and is completely trustworthy," explained Alexis. "Rather than constantly struggling to keep up with incoming requests for data and specific reports, we now consistently report financials in a timely manner and feel confident that we can respond to any new request easily." Streamlining Financial Processes While Accelerating Rapid Growth Potential Church C A S E S T U D Y

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