Hilton Foundation scales operations with Intacct’s best-in-class cloud financial management and accounting software

The Conrad N. Hilton Foundation manages over $2.4 billion in total assets and pays out around $100 million a year in grants to nonprofits. This family foundation now employs over fifty people, having grown dramatically in the past five years as it hired an investment team, grew its program group, and more than doubled overall headcount. The foundation sought ways to streamline financial processes that had become cumbersome as it grew.

Intacct cuts days from the time we spend preparing our financial reports, and often saves weeks in the process of preparing schedules for our audits and tax returns.
Monica Emerson
Controller
Hilton Foundation

Previous Business Challenges:

  • Needed a modern financial management solution to improve financial reporting and controls
  • Wanted to automate paper-based AP and time and expense processes, gain remote access, improve data accuracy, and minimize reliance on Excel
  • Needed to share data between financial management system and investment and payroll vendors
  • Looking for robust reporting and dashboard capabilities to provide visibility into financial data across multiple departments and programs

Results with Intacct:

  • Modernized and streamlined its finance department, enabled, paperless operations, and improved financial controls
  • Automated processes increased data accuracy and cut days of data entry each month
  • Productivity freed finance team to more deeply analyze financial information and increase workload
  • Gained ability to track, manage, and report on budgets and other financial trends in real-time across departments and programs
INDUSTRY
  • Nonprofits