Grace Fellowship Church Moves to Cloud Financial Management From Intacct

Grace Fellowship Church Moves to Cloud Financial Management From Intacct

Shift From ACS to Intacct Streamlines Fund Accounting and Activity-Based Budgeting

SAN JOSE, CA–(Marketwire – August 2, 2010) –  Intacct, the leader in cloud financial management and accounting applications, today announced that Grace Fellowship Church has replaced its ACS church management system with Intacct. Grace chose Intacct to fulfill its need for a cost-effective financial management system that would streamline fund accounting and activity-based budgeting, as well as offer church management and other stake-holders real-time visibility into its financial performance.

Grace Fellowship Church was founded 30 years ago by four couples dreaming of a new kind of church. Over the years, Grace has grown significantly into a multi-campus church serving areas in Maryland and Pennsylvania. Grace had been using ACS Financial Suite, an on-premises church financial management solution. As the church expanded, it began looking for new financial applications that would be less cumbersome to host and maintain.

“As a not-for-profit organization, we don’t have the luxury of a large IT budget and needed to find a financial system that would eliminate the need to manage and maintain software on site,” said Stacie Porter, Director of Finance, Grace Fellowship Church. “We loved the idea of cloud computing and evaluated both NetSuite and Intacct as a replacement for ACS. We found Intacct to be superior for its depth of functionality, support for fund accounting, and overall flexibility and automation capabilities.”

Intacct offers not-for-profit and faith-based organizations an ideal financial system to effectively plan and budget, manage spending, and report and analyze their financial information. For Grace Fellowship Church, two key areas of importance in their new financial system were fund accounting and activity-based budgeting. Intacct helps Grace in these areas by allowing them to code every expense to specific fund and project codes. This improves stewardship of church funds by enabling them to more easily track, manage and report on finances associated with their various sources and uses of funds.

Intacct also helps Grace to increase operational efficiencies by eliminating manual processes with automated workflows. For example, Intacct’s flexible workflow and automation capabilities allow Grace to set up recurring journal entries that save a significant amount of time that used to be spent on manually duplicating those journal entries.

Another area of benefit for Grace has been the ability to gain real-time financial and operational insight into the performance of their organization with the wide variety of pre-built and customizable dashboards, reports and analytics in Intacct. This has been particularly important for church directors — enabling them to log-in to Intacct to view a complete picture of church finances, without the need to have someone in finance run a report or track down information for them. Intacct dashboards can be easily customized to the specific needs of each user and allow for drill-down into the underlying data to gain additional insight into the information. Having this level of access to real-time financial information enables the church to more closely track actual to budget performance, as well as make more-informed and timely decisions.

“With our previous system, it was tough to get an accurate look at our current financial picture. Our church directors would get a financial update each month, but it usually wasn’t until a good two weeks after each monthly close cycle,” commented Porter. “With Intacct, we now have a modern system that provides all the real-time financial information we need at our fingertips. We’ve been very pleased with our decision to move to Intacct and feel it is a system that is well suited to meet our needs as we continue to grow and expand our reach in the community.”

Hundreds of not-for-profit and faith-based organizations like Grace Fellowship Church are using Intacct to save money, improve financial operations and focus on their mission by moving their financial systems to the cloud. For more information on how Intacct helps not-for-profit organizations, please visit http://us.intacct.com/solutions/not_for_profit.php.

About Intacct
Intacct is the market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. Bringing cloud computing to finance and accounting, Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by thousands of businesses from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, 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.

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.

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!

5 Responses to Grace Fellowship Church Moves to Cloud Financial Management From Intacct

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

Cloud Infographic – What Is The Internet of Things?

Cloud Infographic – What Is The Internet of Things?

What Is The Internet of Things? “We’re still in the first minutes of the first day of the Internet revolution.”  – Scott Cook The Internet of Things (IOT) and Smart Systems are based on the notions of Sensors, Connectivity, People and Processes. We are creating a new world to view and measure anything around us through…

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future of Work: What Cloud Technology Has Allowed Us to Do Better The cloud has made our working lives easier, with everything from virtually unlimited email storage to access-from-anywhere enterprise resource planning (ERP) systems. It’s no wonder the 2013 cloud computing research IDG survey revealed at least 84 percent of the companies surveyed run at…

Cloud Infographic: Most Used Cloud Apps

Cloud Infographic: Most Used Cloud Apps

Cloud app and analytics company, Netskope released its quarterly Cloud Report. The new report reveals that enterprise employees are using an average of 397 different cloud apps (most of which are unsanctioned), when IT estimated they have 40-50 — that’s a tenfold underestimation. Below is an infographic provided courtesy of the group at Netskope which goes into further detail.…

IBM and SAP Announce Industry’s Largest Cloud Deal

IBM and SAP Announce Industry’s Largest Cloud Deal

IBM and SAP Announce Industry’s Largest Cloud Deal IBM and SAP have shaken the cloud computing world this afternoon with the announcement of one of the largest cloud deals in the industry’s history – bringing together two of the largest technology companies in a bid to offer a more holistic service to their clients. SAP…

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery  Business downtime can be detrimental without a proper disaster recovery plan in place. Only 6% of businesses that experience downtime without a plan will survive long term. Less than half of all businesses that experience a disaster are likely to reopen their doors. There are many causes of data loss and…

Featured Sponsors

2015 Advertising Opportunities - Find Out More!

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Blue square_logo_100x100-01
cisco_logo_100x100 vmware citrix100

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Join Our Newsletter