SAN JOSE, Calif., March 23, 2016 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, today announced that DonorsChoose.org adopted the scalable Intacct solution to automate its financial processes and gain full visibility into operations. The new solution helped the nonprofit streamline revenue recognition for corporate grants, modernize accounts payable, and speed the monthly financial close. Intacct also improved the organization's decision-making by providing insight into partner-specific revenue, program expenses, and other key metrics.
In a new case study published today, Intacct highlights the results DonorsChoose.org achieved by switching to Intacct's cloud ERP applications. The full customer profile is available for download at: https://online.intacct.com/rs/473-QSL-641/images/cs_donors_choose.PDF. Here is a quick overview:
DonorsChoose.org's results with Intacct:
- Increased overall finance team efficiency by 20%
- Saved 50+ hours/month on revenue recognition, reporting, and accounts payable
- Shortened monthly close by 60%
Highlighted comments from Andy Kaplan, CFO of DonorsChoose.org:
"As our transaction volumes exploded, we wanted to automate our financial processes and needed a modern financial management solution that could seamlessly integrate with our other cloud software like Salesforce.com. Making the switch from Blackbaud to Intacct has saved us tremendous amounts of time by minimizing data entry and providing intuitive, powerful reporting that we just didn't have before."
"In many nonprofits, there's a bit of a disconnect between the development team and the finance team because they're each counting things differently. With Intacct's seamless connection to Salesforce, that whole conversation and frustration has evaporated. We're always in synch because both teams work off the same accurate data."
"We have a big, hairy, audacious goal of growing DonorsChoose.org to $100 million in revenue and Intacct is the perfect partner to scale with us along the way. The software delivers major productivity improvements for our team, but more importantly, it gives us access to trusted financial data on a real-time basis, which is a major benefit across our organization."
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Intacct is a leading provider of best-in-class cloud ERP software. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 10,500 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.
Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.
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