Customer Case Studies

WMHT Public Media


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© 2019 Sage Intacct, Inc. All rights reserved. 877-437-7765 Company Overview WMHT Public Media, located in New York State's capital region, is a locally owned, nonprofit, multichannel public communications organization. It reaches beyond the traditional broadcasting model to provide entertainment, cultural enrichment, and engagement through television, radio, digital media, and educational services. Executive Summary Results with Sage Intacct: • Increased finance team efficiency by 25% • Slashed the monthly close by 50% • Dropped average DSO by 20%, increasing cash flow by 19% • Gained visibility to be er support grant reporting and spend management Challenges Bringing Fund and Project Accounting into the 21st Century WMHT is a public media organization with a mission to enrich New York communities through programs and services that advance education, culture, and civic engagement. The nonprofit's services span seven different broadcast channels, with $8 million in funding coming from federal grants, corporate sponsors, and individual donors. Nearly 25 years ago, WMHT adopted an on-premises accounting system that met their needs at the time. However, over the years, the organization's fund and project accounting complexity increased, while its so ware grew out-of- date and was eventually retired. "Our old system was incredibly clunky," remembers Julie Raskin, vice president of finance and accounting at WMHT. "Ge ing reports out and trying to extract any kind of insight was painful. It seemed like we were always behind, and it was difficult to work from home during snow days, because we'd have to bring binders full of paper backup with us. It was time to move on to a cloud- based, user-friendly, cu ing-edge solution." She continued, "We looked closely at Acumatica, but chose Sage Intacct a er our whole team got jazzed up from spending hours with one of its nonprofit customers to see the so ware in action. We were confident Sage Intacct would keep up with what's happening in the nonprofit world and always look towards the future." By adopting the modern financial management system, Raskin's team improved efficiency 25 percent, reduced 1-30 days account receivables (AR) aging by 10%, and gained unprecedented visibility into spend management, membership trends, and grant budget-to-actuals. Solutions Modern Financial Workflows Cut Monthly Close in Half A er automating previously manual financial processes and minimizing WMHT's reliance on Excel spreadsheets, the finance team freed up at least a quarter of their time and accelerated the monthly close from twelve days to five. Raskin noted, "Sage Intacct makes everything very clear, so we're always up to date and just monitor coding as we add journal entries throughout the month. We especially love the system's transaction duplication capabilities, which save more time than I can even quantify." The team appreciates being able to easily upload and download data as needed from their ADP payroll solution, TIAA 403b retirement savings plans, and budget forecasts. In addition, they Nonprofit Media Organization Boosts Efficiency 25% and Gains Valuable Grant Visibility WMHT Public Media C A S E S T U D Y

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