Potential Church uses Intacct to streamline financial processes while accelerating growth

Intacct provides Potential Church with a modern, full-featured financial management and accounting system that has eliminated slow, manual processes and enabled real-time visibility into operations. By streamlining revenue recognition, project accounting and accounts payable with Intacct, Potential Church has halved the length of its monthly close and is saving approximately $80,000 in finance staffing costs each year.

Because of our streamlined processes, our existing finance staff is in a great position to support Potential Church even as we add another 10 campuses or so. As a matter of fact, we were able to reduce our accounting staff by one and avoid another full-time hire, saving us approximately $80,000 each year as a result of the extreme efficiencies we’ve gained with Intacct.
Reggie Alexis
Controller
Potential Church

Previous business challenges

  • Needed a flexible, full-featured financial management system to support rapid growth by automating accounting processes
  • Looking for greater transparency and visibility into financial data
  • Wanted a user-friendly solution that could improve financial controls and eliminate the need to export to Excel
  • Needed to integrate financial management with existing business applications

Results with Intacct

  • Reduce time spent on its monthly close by half, Accounts Payable processing by one third, and weekly revenue recognition from five days to one
  • Easily track, manage, and report on 13 church locations with instant access to the right information at the right time
  • Increasing financial system uptime, eliminate software maintenance, and reduce the burden on its IT staff
  • Gain $80,000 in annual savings from reduced staffing needs; positioned team for future growth
INDUSTRY
  • Nonprofits