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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. N o N p r o f i t M e d i a o r g a N i z a t i o N B o o s t s e f f i c i e N c y 2 5 % a N d g a i N s V a l u a B l e g r a N t V i s i B i l i t y dramatically streamlined weekly and monthly report preparation by designing Sage Intacct dashboards that supplanted old Excel spreadsheets for tracking cash flow, AR aging schedules, and other time-consuming reports. Raskin estimates she saves two weeks of work during the budgeting and planning process, by simply pulling up reports in Sage Intacct to look at prior year actuals, year-to-date actuals, and other time periods, without multiple runs of the ledger. WMHT's annual audit is also much easier, because the team a aches all backup directly to journal entries, rather than spending lots of weekends and overtime hours ge ing documentation ready for the auditors to make sure there are no surprises. "Now that we have Sage Intacct, people on my team are able to spread their wings beyond tedious bookkeeping tasks, and have 30-50% more time to further improve our workflows," shared Raskin. "Suddenly, instead of being mired in crazy paperwork, we can take a step back and say, 'what other information do we want to see, in terms of ratios, performance scorecards, and trend analysis?'" Results Newfound Visibility Speeds AR Aging by 7 Days For the first time, WMHT's leaders have valuable real-time performance snapshots at their fingertips. Sage Intacct brings visibility to the entire organization, helping the organization improve spend management and drive accountability. The finance team uses Sage Intacct's dimensions to effortlessly assign transactions across eleven departments and around 20 active projects or grants at any given time—including membership campaigns, capital equipment projects, specific radio or television stations, or even individual documentaries and other productions. If one revenue source is trending well and another isn't, everyone can see how that compares to budget or prior years, and make adjustments very quickly. This granular transparency also simplifies the process of monitoring grant budgets and restricted vs. unrestricted spending. "With our old so ware, we actually lost 10% of potential funds on one grant alone because we could not react fast enough to give our funder a revised budget before their deadline. A few of our production projects even overspent on their budget by 15% due to a lack of timely information," mentioned Raskin. "Thanks to Sage Intacct, I can now get this information whenever I need it, so I no longer worry about missing out on funds or projects creeping out of scope without anyone catching it." Additionally, the finance team built individualized underwriter dashboards for each salesperson, which show the businesses they've brought on to sponsor programs, all payments from those clients, and their AR aging. With this timely insight into whose payments are overdue, an average aging of over 90 days has been slashed by 50%. In any nonprofit, understanding your revenue streams and being able to react quickly if anything starts going south is so important. With Sage Intacct, we don't have to guess at our numbers any more. We deliver be er, faster information, which makes the organization more democratic and helps us make quick decisions. Julie Raskin, Vice President of Finance and Accounting, WMHT Public Media