UAB Educational Foundation Switches to Intacct to Power Complex Fund
Intacct's Cloud Financial Management Software Dramatically Improves Visibility
across 50 Funds
SAN JOSE, Calif., Dec. 19, 2013
SAN JOSE, Calif., Dec. 19, 2013 /PRNewswire/ --Intacct, a leader in cloud
financial management and accounting software, today announced that the
University of Alabama at Birmingham (UAB) Educational Foundation switched from
Sage Timberline to Intacct in order to streamline complex reporting and
investment tracking across 50 funds, and automate its purchasing processes.
Intacct's cloud financial applications save the foundation at least six days
of accounts payable time each month, cut the time it takes to process bills in
half, and deliver real-time, accurate fund visibility.
In a new client case study published today, Intacct highlights the results the
UAB Educational Foundation achieved by switching to Intacct's cloud financial
applications. The full case study is available for download at
is a quick overview of the profile:
Previous Business Challenges Faced by the UAB Educational Foundation:
oWanted a flexible and full-featured financial management, accounting and
purchasing system to streamline financial processes.
oNeeded to more effectively manage 50 different support funds.
oWanted a user-friendly solution that would automate manual processes and
support data entry from anywhere.
oRequired flexible reporting and dashboard capabilities for greater
visibility into financial data.
Results with Intacct:
oCloud-based financial management solution provided anytime, anywhere
access for more than 70 users.
oModernized, streamlined purchasing processes cut invoice-to-payment time
in half, increasing vendor satisfaction.
oComprehensive automation saved 6 days each month in accounts payable time.
oGained ability to easily track, monitor, and report on 50 funds across the
oMoved from only having an accurate financial picture once a year to
continuous real-time budget visibility.
Highlighted Comments from Jodie Mote, Treasurer and Controller at the
"After evaluating Intacct against Sage'shosted offering, we found that
Intacct offered significantly greater flexibility to support the specific
needs of our organization, including our complex fund reporting requirements."
"With Intacct's fast, streamlined invoice to payment process, we've greatly
improved the University's key vendor relationships and are making life easier
for our internal purchasers. On average, it now takes us just ten days to
process and pay bills, verses the 21 days that was typical with Sage. Thanks
to Intacct, I'm confident we can continue to scale our operations without
having to add more people to our team."
"Our fund visibility has been drastically improved because of Intacct's
mutli-entity, multi-dimensional architecture. With the many dimensions
available within Intacct, we are able to easily keep track of each fund's
separate cash or accounts payable balance, or roll up all of our funds to look
at the Foundation's overall portfolio."
"I've been most impressed with how flexible Intacct's report writer is, and
how easily I can create the reports I need, exactly the way I want to see
oVisit the Intacct website
oLearn more about how Intacct helps nonprofit organizations
oLearn more about how Intacct delivers real-time visibility
oFollow Intacct on social media: Facebook, Google+, LinkedIn, Twitter, and
oFollow the Intacct blog
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 applications, in
use by more than 7,300 organizations from startups to public companies, are
designed to improve company performance and make finance more productive.
Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their
clients. The Intacct system includes accounting, contract management, revenue
management, project and fund accounting, 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 or YouTube.
Intacct and the Intacct logo are trademarks of Intacct Corporation. All other
company and product names mentioned herein may be trademarks of their
Contact: Peter Olson, Intacct, 408-878-0951, firstname.lastname@example.org,
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