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Monterey Peninsula Foundation - UNITED STATES

Monterey Peninsula Foundation granted new insights with Sage Intacct

The nonprofit, which disburses charitable funds, modernizes its financials using Sage software, streamlining reporting and gaining visibility
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Dated system too limited for new needs

As the job of the Monterey Peninsula Foundation (MPF) has grown, so has the nonprofit organization’s need for financial expertise and management. MPF previously used a dated on-premises accounting system and did much of its report preparation for things like budget variance and player donation tracking in Excel.

Our previous system was too limited for our evolving needs, so we went in search of new software that could overhaul our financial processes.

Morgan Matthew
Director of Finance

More efficient accounting

By eliminating the paper trail surrounding invoice approvals and cutting checks, MPF now saves at least 15 minutes for each of the 3,000 yearly invoices it pays electronically through Sage Intacct. This automated accounts payable process brings the added benefits of easier bank reconciliations and a clear audit trail with document attachments.

Sage Intacct saves us around $80,000 we would have spent on another full-time finance headcount.

Morgan Matthew
Director of Finance

Strategic grant management

The foundation is finding several ways to leverage the valuable financial insights Sage Intacct provides across key dimensions such as its venues, grant types, tournament players, vendors, and donors. MPF’s CEO and every single department now has its own Sage Intacct dashboard with only the financial information that matters to them.

Sage Intacct helps us manage our grants more strategically to create just the right balance across various programs that enhance quality of life in our community.

Morgan Matthews
Director of Finance

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