Customer Case Studies

Missouri State Teacher's Association


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Customer Profile Case Study: MSTA | 1 Executive Summary Previous Solution: • Microso Dynamics GP Switched to Sage Intacct to: • Automate manual processes • Increase financial and operational visibility Results with Sage Intacct: • Halved monthly close time • Saving 30+ hrs/month on reporting • Cut receivables by 2/3 • Avoided $50,000 in annual headcount costs With Sage Intacct, we can more quickly and easily determine whether new member programs are viable, or recognize when we might need to cancel a workshop that doesn't bring in enough registrations to cover its cost. –Melissa Lorts, Finance Director, MSTA Eliminating the Headaches of Outdated Accounting So ware An independent association that advocates for teachers, the Missouri State Teacher's Association (MSTA) has evolved rapidly in recent years. The 160-year-old nonprofit organization has grown non-dues revenue through conference sponsorships and foundation donations, spun off its retreats department into a separate 501c3 company, and added new training and networking events. Previously, the organization used Microso Dynamics GP, an on-premises accounting so ware package, which created several challenges for the finance team. The old system hampered their productivity because of its time-consuming, limited reporting capabilities; difficulty integrating with other business applications; and complex upgrades that cost the finance team a week of time and around $15,000 in consulting fees every two years. "We went looking for a cloud-based financial management solution that could seamlessly integrate with our Salesforce-based association management system and would give us the detailed financial and operational visibility we needed," said Melissa Lorts, finance director at MSTA. "A er evaluating Sage Intacct and NetSuite, we found that Sage Intacct's reporting capabilities met all of our requirements and more, and its sales and support teams went the extra mile to make sure we could easily configure the system for our unique requirements." Streamlining Financial Processes Drives Efficiencies A er implementing Sage Intacct, MSTA was able to cut its month-end close from twenty days down to ten. "We've found that most of our financial workflows can now be completed in a one-step process—whether inpu ing a journal entry, looking up an expense, or completing bank reconciliations—all things that took at least three to four steps in Dynamics GP," shared Lorts. "As a result, our lean accounting team is much more productive and we're saving around $50,000 in salaries and benefits each year from reduced headcount costs."

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