Intacct Cloud Accounting Delivers Streamlined Fund Management and Increased Financial Visibility

Monterey Peninsula Foundation, the charitable foundation behind the AT&T Pebble Beach Pro-Am golf tournament, was looking for a modern, cloud accounting system that could provide better financial management. This growing nonprift previously used outdated, on-premises accounting software from Sage that forced them to do much of its report preparation for things like budget variance and player donation tracking in Excel.

Moving to Intacct's cloud accounting software has helped the nonprofit modernize several time-consuming financial processes and gain more sophisticated, flexible reporting. In addition, Intacct provides valuable financial insights that inform key decisions for the organization, such as sponsorship pricing and player fees, and increases visibility into tournament margins and grant funding.

Now that we have Intacct, everyone across our organization is more productive, and I personally save at least an hour every day that I used to spend hunting down invoices or other paper records. Not only does Intacct save us around $80,000 we would have spent on another full-time finance headcount, it also frees up our time to think more about the bigger picture, and how we can add value.
Morgan Matthews
Director of Finance and HR
Monterey Peninsula Foundation

Results with Intacct

  • Avoided $80,000 in annual headcount costs
  • Saved 850 hours of work in accounts payable and reporting each year
  • Slashed monthly close time by 40%
INDUSTRY
  • Foundations
  • Nonprofits