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Nucleus Research: Intacct helps The Great Books Foundation manage growth, cut costs, and increase visibility.
Previous Business Challenges
The Great Books Foundation is a nonprofit educational organization which promotes discussion and social engagement through interdisciplinary readings and literature. The foundation had used a proprietary on-premises publishing-specific accounting software package for a number of years, but in 2007 found the aging application was challenging its growth.
To support its growing online business, the foundation needed an application they could:
- Operate with limited IT support. The existing system had to be rebooted during work hours on a regular basis, so employees were required to log out of the system, losing valuable work time.
- Integrate easily with the foundation’s lead management and e-commerce applications
- Access from anywhere, so employees could work remotely
Results with Intacct
Nucleus found that Intacct enabled the foundation to streamline and automate processes, accelerate collections, and reduce both IT costs and inventory carrying costs. The Great Books Foundation was able to:
- Reduce inventory by 33%
- Cut invoice days outstanding by 38%
- Slash IT and power costs