Press Release

Monterey Peninsula Foundation Modernizes Financial Software by Switching from Sage to Intacct’s Cloud ERP System

Foundation Behind the Pebble Beach Pro-Am Golf Tournament Saves $80,000 in Annual Headcount Costs by Streamlining Purchasing and Reporting Processes

When we compared Intacct against other solutions, it was clearly the most intuitive to use, and the only application with a multi-dimensional general ledger approach.

SAN JOSE, Calif. – April 26, 2016 – Intacct, a leading provider of best-in-class cloud ERP software, today announced that the charitable foundation behind the AT&T Pebble Beach Pro-Am golf tournament switched from Sage to Intacct. The new solution 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 increased visibility into tournament margins and grant funding.

In a new case study published today, Intacct highlights the results the Monterey Peninsula Foundation achieved by switching to Intacct’s cloud ERP applications. The full customer profile is available for download here. See below for a quick overview:

Monterey Peninsula Foundation’s 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%

Highlighted comments from Morgan Matthews, Director of Finance and HR at the Monterey Peninsula Foundation:

“Our previous Sage software was too limited and archaic for our evolving needs, so we went in search of new software that could overhaul our financial processes. When we compared Intacct against other solutions, it was clearly the most intuitive to use, and the only application with a multi-dimensional general ledger approach.”

“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.”

“Intacct helps us manage our grants more strategically to create just the right balance across various programs that enhance quality of life in our community—whether that be through youth, education, health, human services, arts, or environmental services. By analyzing our awards in this way, we can make better decisions about which grants will best support the foundation’s mission.”

To learn more about how Intacct helps nonprofit organizations, please visit: http://www.intacct.com/nonprofit-accounting-software

About Intacct

Intacct is the customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter, Instagram, Google+, and YouTube.

Media contacts

Peter Olson

Phone: 408-878-0951
Email: polson [@] intacct.com
Twitter: @Intacct_Peter

Brittany Benson

Phone: 408-620-3938
Email: bbenson [@] intacct.com
Twitter: @brittanybbenson

Finn Partners

Phone: 415-905-4000
Email: intacctteam [@] finnpartners.com
Twitter: @finnpartners