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world learning - UNITED STATES

World Learning upgrades to cloud accounting with Sage Intacct

International nonprofit organization streamlines accounting processes and gains efficiencies with Sage Intacct.

Complex, global organization moves to the cloud

World Learning’s complex operating model requires its finance team to track revenue and expenses in local currencies, consolidate the books in US dollars, and produce quarterly grant spending reports. All of which was a major struggle with its on-premises financial software and paper-based approval processes, so after evaluating its options it upgraded to cloud-based Sage Intacct.

What I like best about Sage Intacct is that the innovation doesn’t stop. Every quarter, there’s a new release that keeps Sage Intacct ahead of its competitors.

Kote Lomidze
Chief Financial and Administrative Officer

Gaining efficiencies and eliminating time consuming manual processes

Sage Intacct has streamlined World Learning’s most tedious business processes, shrinking its chart of accounts from 50,000 to just a couple of hundred GL accounts, and the finance team now closes World Learning’s books five days faster, freeing up a week each month that they can spend on verifying and analyzing the data.

Since implementing Sage Intacct, our portfolio has grown more than 50%, without requiring any added resources, saving us $500,000 in finance salaries per year.

Kote Lomidze
Chief Financial and Administrative Officer

Detailed and trusted granular reporting

In the six years since World Learning first implemented Sage Intacct, the platform has dramatically increased organization-wide visibility into financial and operational management. The software provides role-based visibility so managers can monitor their key metrics, budgets, and forecasts, with each leader having their own customized project management dashboard.

We can compare costs for each term and track how each semester is going, or monitor individual projects to make mission-critical decisions about program spending daily.

Kote Lomidze
Chief Financial and Administrative Officer

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