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Foundation for Advanced Education in the Sciences - United States

Educational nonprofit makes smart changes with Sage Intacct

Foundation for Advanced Education in the Sciences improves efficiency 30% with Sage Intacct
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Searching for a flexible, cloud-based financial solution

With diverse operations and income streams, the Foundation for Advanced Education in the Sciences (FAES) was struggling to get by with its server-based legacy accounting system. The finance team went looking for a cloud-based financial management solution that would enable them to better track different departments, locations, and programs.

We chose Sage Intacct for its dimensional reporting, role-based dashboards, ability to integrate with other applications, internal controls, and robust security.

Nicole Luna
Director of Accounting

Automation accelerates cashflow by 15 to 30 days

Since implementing Sage Intacct, FAES has restructured its chart of accounts, configured the system for maximum productivity and integrated it with Bill.com for seamless accounts payable workflows. As a result, the finance team is 30% more efficient, while Sage Intacct’s streamlined invoicing and accounts receivable features have sped up FAES’ collections cycle by 15 to 30 days.

Sage Intacct makes it easy to get invoices reviewed, approved, and sent out faster. Teams are more on top of their collections, which helps get money in the door faster.

Nicole Luna
Director of Accounting

Multi-dimensional visibility drives programming changes

One of the most valuable improvements since adopting Sage Intacct has been the ease with which it can slice and dice financials by different events, courses, housing, retail locations, or departments. This also helped FAES discover several academic programs in its course catalog that had been added over the years but were not breaking even.

Thanks to Sage Intacct, we had the information we needed to make financially smart changes to our entire catalog over the last year.

Nicole Luna
Director of Accounting

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