Customer Case Studies

Customer Profile Case Study: Monterey Peninsula Foundation | 1 Executive Summary Results with Sage Intacct: • $80,000 avoided in annual headcount costs • 850 hours saved in A/P and reporting each year • 40% more efficient monthly close • Increased visibility into tournament margins and grant funding Sage Intacct helps us manage our grants more strategically to create just the right balance across various programs that enhance quality of life in our community–whether that be through youth, education, health, human services, arts, or environmental services. By analyzing our awards in this way, we can make be er decisions about which grants will best support the foundation's mission. –Morgan Ma hews, Director of Finance and HR, Monterey Peninsula Foundation Modernizing Financials in the Cloud The Monterey Peninsula Foundation (MPF) was formed thirty years ago to disburse the charitable funds generated by the AT&T Pebble Beach Pro-Am and Nature Valley First Tee Open golf tournaments. As these popular events have grown, so has the nonprofit organization's need for financial expertise and management. MPF previously used a dated on-premises accounting system and did much of its report preparation for things like budget variance and player donation tracking in Excel. "Our previous system was too limited and archaic for our evolving needs, so we went in search of new so ware that could overhaul our financial processes," said Morgan Ma hews, director of finance and HR at the Monterey Peninsula Foundation. "When we compared Sage Intacct against other solutions, it was clearly the most intuitive to use, and the only application with a multi-dimensional general ledger approach." MPF's board was asking for more sophisticated, flexible reporting, and the finance team saw an opportunity to modernize several time-consuming workflows, including paper-based P.O. approvals, check processing, monitoring budget-to-actuals, and managing bank reconciliations. The organization turned to Sage Intacct implementation partner Armanino McKenna to facilitate a quick 10-week deployment of Sage Intacct's financial management so ware. Streamlined Purchasing and Reporting Delivers Clear Business Value With some basic configuration, Sage Intacct was tailored to the foundation's needs and immediately started delivering time savings across purchasing, reporting, grant management, consolidations, and the monthly close process. By eliminating the paper trail surrounding invoice approvals and cu ing checks, MPF now saves at least 15 minutes for each of the 3,000 yearly invoices it pays electronically using ACH through Sage Intacct. This automated accounts payable process brings the added benefits of easier bank reconciliations and a clear audit trail with document a achments.

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