Hilton Foundation Scales Operations with Intacct's Best-in-Class Financial Management and Accounting Software

Replacing Sage with a Flexible, Cloud-Based System Modernizes Financial Processes, Increases Productivity, and Improves Visibility

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Intacct

Sep 11, 2014, 08:45 ET

SAN JOSE, Calif., Sept. 11, 2014 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software, today announced that The Conrad N. Hilton Foundation increased productivity and gained real-time financial insight across departments and programs by switching from Sage 100 ERP (formerly Sage MAS 90) to Intacct. With Intacct's modern cloud financial system, the growing foundation significantly streamlined its accounts payables, grant payment, time and expense, and financial reporting processes.

In a new case study published today, Intacct highlights the results the Hilton Foundation achieved by switching to Intacct's cloud financial applications. The full case study is available for download at http://www.intacct.com/customer-success-stories/hilton-foundation. Here is a quick overview of the profile:

Previous Business Challenges Faced by the Hilton Foundation:

Needed a modern financial management solution to improve financial reporting and controls
Wanted to automate paper-based AP and time and expense processes, gain remote access, improve data accuracy, and minimize reliance on Excel
Needed to share data between financial management system and investment and payroll vendors
Looking for robust reporting and dashboard capabilities to provide visibility into financial data across multiple departments and programs

Results with Intacct:

Modernized and streamlined finance department, enabled paperless operations, and improved financial controls
Automated processes increased data accuracy and cut days of data entry each month
Productivity freed finance team to more deeply analyze financial information and increase workload
Gained ability to track, manage, and report on budgets and other financial trends in real-time across departments and programs

Highlighted Comments from Monica Emerson, the Hilton Foundation's controller:

"Intacct cuts days from the time we spend preparing our financial reports, and often saves weeks in the process of preparing schedules for our audits and tax returns. Because of Intacct's multi-dimensional approach and its great report writing system, it's so easy to instantly pull up the exact reports or specific expenses we need."

"Intacct gives us the flexibility to quickly deliver visibility into any specific metric we require at any given time. For example, we originally organized our budget reports by expense category, until one of our board members wanted to monitor budgets by department. With Intacct's department dimension, we were able to easily create a report that provided actuals versus budget by department, and then by expense line."

"It's also a great perk that all of our accounting work can be done from anywhere now because Intacct is cloud-based. Being able to log on from home or anywhere in the world is a significant driver of our productivity."

Additional Resources:

Visit the Intacct website
Learn more about how Intacct helps foundations improve performance
Follow Intacct on social media: Facebook, Google+, LinkedIn, Twitter, and YouTube
Follow the Intacct blog

About Intacct

Intacct is the cloud financial management company. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct accounting software is used by more than 7,300 organizations from startups to public companies and are 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, contract management, revenue recognition, project accounting, cash management, inventory management, purchasing, vendor management, financial consolidation 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, Google+, and YouTube.

Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.

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