Customer Case Studies

Customer Profile Case Study: Women's World Banking | 1 Executive Summary Previous Solution: • Blackbaud Financial Edge Results with Sage Intacct: • Cut 200 hours of AP and reporting time annually • Streamlined time capture, project costing, and revenue recognition workflows • Improved reporting for multiple global entities and 20 grants Cash is king in our world, and with Sage Intacct's outstanding ability to handle our grant management needs, we now have a real-time view of all our assets and what's driving our revenues—which wasn't possible with the cumbersome Excel process we used before. –Michael Mohr, CFO, Women's World Banking Cloud Financial Management for Global Operations Women's World Banking is a global nonprofit devoted to giving low-income women access to financial tools and resources, including a full suite of microfinance products for savings, credit, and insurance. With two nonprofit entities in the United States and the Netherlands, Women's World Banking requires sophisticated global accounting and financial management processes to keep the organization running smoothly, including complex project accounting, grant balancing, and revenue management. Previously, Women's World Banking managed these processes using a combination of Blackbaud Financial Edge so ware in its back office with a home-grown SQL-based project accounting system for its front office, but these systems were difficult to reconcile—o en giving front and back office staff a very different view of the organization's metrics. The organization set out to find a cloud-based solution that would support its needs, and evaluated Sage Intacct, FinancialForce, and BlackBaud's cloud offering. "We knew Sage Intacct would increase our productivity with its easy-to-use, visually appealing interface, which we could make accessible to all of our finance and non-finance stakeholders anywhere in the world," said Michael Mohr, chief financial officer at Women's World Banking. "In addition, we valued the flexibility Sage Intacct would provide us down the road when we need it to integrate with our other solutions like Salesforce.com." Realizing Dramatic Productivity Increases Sage Intacct was rolled out in just six weeks with the help of Sage Intacct implementation partner Leap the Pond. By eliminating its parallel project management system and reducing time spent on data entry from twenty to just six hours each month, the organization cut its Accounts Payables time by two-thirds. It also replaced an old Excel workaround by adding a Web-based timesheet solution from another Sage Intacct partner, Nexonia. The new solution tracks time spent on each project and funder, and plugs right in to Sage Intacct so prices, rates, and revenue recognition are managed automatically.

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