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Potential Church
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.
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
Because of our streamlined processes, our existing finance staff is in a great position to support Potential Church even as we add another ten 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
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
