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!
FacebookTwitterLinkedInGoogle+Share

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

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Advertising Programs

Click To Find Out!

Sponsored Posts

Sponsored Posts

CloudTweaks has enjoyed a great relationship with many businesses, influencers and readers over the years, and it is one that we are interested in continuing. When we meet up with prospective clients, our intent is to establish a more solid relationship in which our clients invest in a campaign that consists of a number of

Popular

Top Viral Impact

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery Preventing a Cloud Disaster is one thing. Recovering from a disaster is a whole other area of concern. Today’s infographic provided by CloudVelox outlines some best practices and safeguards in order to help your business make more informed decisions. About Latest Posts Follow Us!CloudTweaksEstablished in 2009,

Technology Advice Report: 2014 Business Intelligence Buying Trends

Technology Advice Report: 2014 Business Intelligence Buying Trends

Technology Advice Report: 2014 Business Intelligence Buying Trends For nearly every business, the concept of business intelligence is nothing new. Ambitious organizations have been searching for any type of data-driven advantage for some time now – perhaps for as long as they’ve existed. However, the historical use of competitive intelligence pales in comparison to the

Cloud Computing Adoption Continues

Cloud Computing Adoption Continues

Cloud Computing Adoption Continues Nowadays, many companies are changing their overall information technology strategies to embrace cloud computing in order to open up business opportunities.  There are numerous definitions of cloud computing. Simply speaking, the term “cloud computing” comes from network diagrams in which cloud shapes are  used to describe certain types of networks. All

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.

Whitepapers

Top Research Assets

HP OpenStack® Technology Breaking the Enterprise Barrier

HP OpenStack® Technology Breaking the Enterprise Barrier

Explore how cloud computing is a solution to the problems facing data centers today and highlights the cutting-edge technology (including OpenStack cloud computing) that HP is bringing to the current stage. If you are a CTO, data center administrator, systems architect, or an IT professional looking for an enterprise-grade, hybrid delivery cloud computing solution that’s open,

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security Cloud applications are a priority for every business – the technology is flexible, easy-to-use, and offers compelling economic benefits to the enterprise. The challenge is that cloud applications increase the potential for corporate data to leak, raising compliance and security concerns for IT. A primary security concern facing organizations moving