Previously, Grace Fellowship used ACS Financial Suite, an on-premises church financial management solution, to support these processes. However, the rigid system made it difficult for the organization to produce the reports it needed, or to provide on-demand visibility to key stakeholders. After selecting Intacct over NetSuite, the new solution helped Grace Fellowship modernize manual financial processes for fund accounting, payroll, accounts payables, contributions and activity-based budgeting, saving over $22,000 in headcount. Intacct also delivers real-time financial and operational insights to enable more informed decision-making across the organization.
In a new case study published today, Intacct highlights the results Grace Fellowship achieved by switching to Intacct's cloud ERP applications. The full customer profile is available for download at: http://online.intacct.com/rs/intacct/images/cs_grace_fellowship_church.pdf. Here is a quick overview:
Grace Fellowship's results with Intacct:
- Eliminated over 1,000 hours of administrative work every year
- Minimized finance staffing to save over $22,000 annually
- Easily track, manage and report on multiple funds, projects and statistical indicators
Highlighted comments from Stacie Porter, Director of Finance at Grace Fellowship Church:
"We knew that cloud computing could lower our IT costs, and we and evaluated both NetSuite and Intacct as possible replacements for ACS. We found Intacct to be superior for its depth of functionality, support for fund accounting, and overall flexibility and automation capabilities."
"With Intacct's modern financial management solution, we've left the dark ages of software behind and have become a more productive organization. By improving our accounts payables process and combining best-in-class software from Intacct, Bill.com and Tallie, we are saving two weeks each month that we previously spent just entering invoices and expenses. This avoids around $22,000 every year in additional staffing costs."
"With granular data on the costs of each program, our administrators can create and manage their budgets down to the project or event level. This helps us make better informed spending decisions about anything from capital spending on facilities to our children's Sunday school curriculum."
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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 11,000 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grace-fellowship-church-chooses-intacct-over-netsuite-for-cloud-based-fund-accounting-300283965.html