Press Release

Potential Church Uses Intacct to Streamline Financial Processes While Accelerating GrowthPotential Church Uses Intacct to Streamline Financial Processes While Accelerating Growth

Intacct Helps Faith-Based Nonprofit Support Ongoing Expansion by Transforming into a Data-Driven Organization

SAN JOSE, Calif. – Jan. 22, 2013 – Intacct, a leader in cloud financial management and accounting software, today announced Potential Church is using Intacct to improve its operations. Intacct provides the 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, fund 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.

In a new client case study published today, Intacct highlights the results Potential Church is enjoying as a result of graduating from QuickBooks® to Intacct church accounting software. Here is a quick overview of the profile:

Previous Business Challenges:

  • Needed 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, including ADP, Bill.com, and ExpenseCloud
     

Results with Intacct:

  • Reduced time spent on monthly close by half, Accounts Payable processing by one third, and weekly revenue recognition from five days to one
  • Gained ability to easily track, manage, and report on 13 church locations with instant access to the right information at the right time
  • Shifted to cloud-based financial management solution, increasing uptime, eliminating software maintenance, and reducing burden on IT staff
  • $80,000 in annual savings from reduced staffing needs; positioned team for future growth
     

Highlighted Comments from Reggie Alexis, Controller at Potential Church:

“After evaluating several top financial systems, including Microsoft Dynamics, Intacct was the clear choice for us because of its pure cloud approach and seamless best-in-class integration.”

“The biggest improvement we saw was the speed and accuracy of our monthly financial close, which now takes half the time it did with QuickBooks.”

“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.”

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