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. Rev: CS_Sage_Intacct_Pathway_Lending | February 21, 2019 8:55 PM B e c o m i n g a S t r a t e g i c P a r t n e r t o t h e c - S u i t e "Sage Intacct was so strong, and I was able to create the dashboards, which was what the CEO wanted badly. With it being in the cloud, it kept us from having to worry about a new server," said Harris. "Anytime you go through a change in accounting systems it can be very stressful and scary. LBMC Technology Solutions brought their historical knowledge of our company to the implementation. We started working on the project in May, and we went live in July. They were awesome. They guided us, they pushed us, and they kept us on timeline." Results Analyzing Results and Demonstrating Impact Pathway Lending makes extensive use of Sage Intacct dashboards to provide real-time financial and statistical information to all its employees and executives. The organization's innovative use of dashboards played a key role in it winning a 2018 Sage Intacct Customer Success Award. User-friendly reporting and dashboards made it easy for Pathway Lending to get an accurate, up-to-date view into financial management. But stakeholders also want to see the impact of the mission in terms of outcomes. With Sage Intacct, the organization can budget and track statistical accounts for educational hours and loan originations. "It's important to our CEO to have access to current financial data about net assets, total assets, and cash flow," she said. "But he also needs to know the number of loans we're making, the dollar amount of the loans, the hours of educational services we delivered, and whether we are meeting our goals and budgets in those areas." Harris describes Sage Intacct as "quicker," "smoother," and "less stressful." Her team saves time in key accounting and financial management processes. Month-end close now takes only two days, compared to five days with the prior so ware. In accounts payable, auto-population of fields when paying vendor invoices saves time and reduces errors. This enables the AP specialist to complete her AP entries the day a er month end, instead of the three or four days she used to work. This specialist has taken on additional job duties to create a more fulfilling and challenging role for herself. Harris used to have to build new reports as well as handle any complicated entries, such as billing across grants. Now, the controller easily builds new dimensions and creates custom reports and dashboards. With simple drop-down menus inside time sheets, employees find it easier to report billable hours to the correct project. An accountant performs the billing analysis that Harris used to do—in just hours instead of one to two days. The ease-of-use of Sage Intacct has empowered accounting team members to do more in their roles, resulting in cost savings and be er staff utilization. "I'm completely out of accounting now. I don't do journal entries or billing or any of it," explained Harris. "We have not needed to increase the size of the accounting department, even as we doubled our assets. In fact, we've decreased the total cost of the accounting department by no longer having the CFO do accounting jobs." Sage Intacct has also delivered personal benefits for Harris, enabling her to grow professionally and spend more time on strategic priorities. She explained that even during a period of uncommon growth, "Sage Intacct frees me up to be a be er partner to the C-Suite. I'm able to get into analysis for strategic planning rather than just managing tactical financial processes because the team can handle those now without me. And that's removed a tremendous burden for me." Sage Intacct frees me up to be a be er partner to the C-Suite. I'm able to get into analysis for strategic planning rather than just managing tactical financial processes because the team can handle those now without me. And that's removed a tremendous burden for me. Barbara Harris, CFO, Pathway Lending

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