Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Challenges Gaining Flexible, Cloud-Based Accounting The Conrad N. Hilton Foundation manages over $2.4 billion in total assets and pays out around $100 million a year in grants to nonprofits. This family foundation now employees over fi y people, having grown dramatically in the past five years as it hired an investment team, grew its program group, and more than doubled overall headcount. Previously, the Hilton Foundation used a legacy system to manage its financials. However, it lacked the ability to slice and dice financial data by different departments or programs. The foundation sought ways to overcome this shortcoming and streamline other financial processes that had become cumbersome as it grew. To help the organization scale, the Hilton Foundation implemented Sage Intacct's sophisticated cloud accounting and financial management system. Solutions Increasing Productivity with Modern Financial Processes Sage Intacct has significantly streamlined the foundation's accounts payables, grant payment, time and expense, and financial reporting processes across the organization. With a robust cloud-based financial system in place, the Hilton Foundation's finance team can now pay out funds more efficiently and easily keep up with expense tracking and financial reporting. The organization's accounts payable process has been automated by Sage Intacct, allowing the accounting team to scan bills and a ach them to payment entries before shredding each docu- ment in order to maintain a paperless office. Employee time and expense tracking is also greatly improved and more accurate with Sage Intacct. All Hilton Foundation employees simply log in to Sage Intacct to enter their expenses and upload scanned receipts. Another benefit of the best-in-class Sage Intacct solution is its flexibility when it comes to shar- ing data with other systems. "One of our favorite things about Sage Intacct is that we can quickly import files and journal entries from outside vendors like ADP for payroll and State Street for investment accounting," said Monica Emerson, controller at the Hilton Foundation. "Now, we just upload our State Street report or ADP payroll file right into the system in minutes, saving days that we used to spend tediously creating journal entries every month." Company Overview The Conrad N. Hilton Foundation is a family foundation established in 1944 by the man who started Hilton Hotels. It provides funds to nonprofit organizations working to improve the lives of disadvantaged and vulnerable people throughout the world. Executive Summary Results with Sage Intacct: • Cut days of data entry each month • Freed finance team to more deeply analyze financial information • Gained ability to track budgets and other financial trends in real-time Gaining Flexible, Cloud-Based Accounting Hilton Foundation C A S E S T U D Y

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