search icon

How a purpose-driven bank thrives with Sage Intacct

Kingdom Bank Ltd  -  United Kingdom

Kingdom Bank, originally a church-run service is now a fully formed bank, regulated by the Financial Conduct Authority. It needed a system to match its new remit.
Download PDF

Outgrowing siloed systems

Kingdom Bank was using Sage 50 but felt that it needed a software upgrade.

“Kingdom Bank wasn’t a typical retail bank, it was managed by churches” explains the Bank’s Chief Market Officer, Pod Bhogal, on why it chose to upgrade to Sage Intacct. The new software would let it make deeper, smarter efficiencies to match its growth phase.

Now that we are growing, it makes more sense to use bigger software in the cloud, so that we can manage much greater volumes of data.

Pod Bhogal
CMO

Keeping finances in the cloud

Upgrade complete, the Bank could turn to improving efficiency. “Implementation went very smoothly, and the Sage team was very helpful.” Says Juliette Nwodi, the FC of Kingdom Bank.

Kingdom Bank uses Sage Intacct for its day-to-day accounting: “We use the prepayment, cash management, and accounts payable functionality… and we have the direct bank feeds set up,” Juliette says.

We have seen clear efficiency gains, for example we can put more of our invoices directly into Sage Intacct, which has sped up our invoicing and payments.

Juliette Nwodi
Financial Controller

Take your finances to a higher place with Sage Intacct

The superior business insights that Sage Intacct provides is a win for Kingdom Bank.

Juliette thinks that the breadth of reporting capabilities that Sage Intacct provides will become increasingly valuable as the bank continues to grow. The team is working directly with Sage Intacct and a business analyst to help craft future customizations to help its finances flow.

Robust systems and automation reduce workplace stress and release time for strategic work.

Juliette Nwodi
Financial Controller