Intacct Helps Auburn Theological Seminary Stay on the Cutting Edge with Best-in-Class Financial Visibility and Efficiency

200-Year-Old Nonprofit Switches to Intacct's Cloud-based Accounting and Financial Management System

News provided by

Intacct

Oct 20, 2014, 08:45 ET

SAN JOSE, Calif., Oct. 20, 2014 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software, today announced that Auburn Theological Seminary switched to Intacct for improved financial insight and productivity. After modernizing several financial processes with Intacct, the faith-based nonprofit was able to cut its monthly close process by two-thirds and increase finance staff efficiency by 25 percent.

Auburn equips bold and resilient leaders of faith and moral courage to build congregations and communities, bridge divides, pursue justice, and heal the world. To ensure a solid foundation for future growth, Auburn upgraded its business systems, including migrating to Salesforce and Intacct.

"We chose to move to Intacct because it was the best-equipped software to give us real-time financial visibility, minimize our duplicate work, and even seamlessly integrate with Salesforce," said Edna Bartolome, director of finance and administration for Auburn Theological Seminary. "All of these capabilities were reinforced by Intacct's track record in the nonprofit space and its endorsement from the American Institute of CPAs."

After making the selection, Auburn worked with Intacct business partner CliftonLarsonAllen to implement the system and transform the organization's project, grant, and donor accounting, as well as cash management, purchasing, and expense reimbursement processes. This provides Auburn with greater consistency, productivity, and financial accuracy.

Another Intacct partner, Sererra, helped configure the Intacct and Salesforce integration to Auburn's specific needs. By seamlessly connecting Intacct with Salesforce, the nonprofit is saving at least three hours each week that it previously spent tediously downloading and uploading data, as well as over $5,000 in direct costs per year.

Now, the Intacct and Salesforce systems effortlessly share information. As a result, the organization can easily run "giving" reports by donor types such as individual, foundation, religious institution, for profit, nonprofit, or donor-advised funds – which is very useful to its fundraising department for grant proposals.

Auburn's finance team and program directors now have real-time access to operating statements, grant spending, cash balances, and expenses from anywhere.

Additional Resources:

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, in use by more than 8,500 organizations from startups to public companies, 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, 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, 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.

Logo - http://photos.prnewswire.com/prnh/20120123/SF39551LOGO

SOURCE Intacct

Related Links

http://us.intacct.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED