Educational nonprofit graduates to Intacct in preparation for growth

IslandWood is a nationally recognized outdoor learning center that connects thousands of children and adults to the natural world. After years of success and growth, this educational nonprofit planned for a $5 million budget increase over the next five years, and the launch of several new strategic initiatives. To handle this expansion, IslandWood decided to shift its business systems to 100% cloud-based software that would offer greater flexibility and remote access.

Not only has Intacct saved us several days of cobbling together spreadsheets each month, it has allowed us to keep up with increasing complexity without additional headcount. If we didn’t have Intacct, we would have needed at least another half-time resource at around $15,000 per year.
Jennifer Sharp
Senior Accounting Manager
IslandWood

Previous Business Challenges:

  • Growing nonprofit wanted a modern financial management solution to streamline complex accounting for 23 departments
  • Lacked transparency and accurate grant reporting as a result of consolidating data in Excel
  • Needed to integrate financial management with existing Salesforce CRM system
  • Looking to track and analyze income streams, expenses, or cash balances in real-time

Results with Intacct:

  • Managed organization’s rapid expansion without adding finance headcount; saving $15,000 in annual salary costs
  • Eliminated spreadsheets and duplicate data entry, saving over 360 person-hours annually and shortened monthly close by 2 days
  • Integration with Salesforce streamlined processes and increased visibility for sales and finance teams
  • Gained visibility to monitor and report on programs, donors, funds, fund types, and grants across the organization