Nonprofit Canine Companions® saves $500k annually and unleashes major expansion with Sage Intacct
07 Octubre 2021 - 8:00AM
Sage (FTSE:SGE), the market leader in cloud business management
solutions, today shared the business improvements Canine Companions
gained by moving its financial software to the cloud with Sage
Intacct. Switching from an on-premises accounting software that
required the finance team to do 70% of its work manually in Excel
or with paper-based workarounds, Canine Companions has automated
processes and gained deeper insights into the organization. With
the new solution, Canine Companions was able to scale its finance
operations to keep pace with their 2.4x growth in grants, assets,
and transactions, while at the same time processing receivables 50%
faster and reducing costs by half a million dollars.
Over the last four decades, Canine Companions has teamed more
than 7,000 service dogs with adults, children, and veterans with
disabilities — all at no cost to clients. With a mission of
bringing greater independence to these program participants, the
human services nonprofit organization now spans six training
locations across the United States. Canine Companions leadership
credits the digital transformation Sage Intacct enabled, as the
reason the finance team could keep up with the nonprofit’s
growth.
“To see where the organization was five years ago and how it’s
performing now with modern automation and insight has been very
gratifying,” said Jack Peirce, CFO at Canine Companions. “Sage
Intacct made it very easy to absorb our rapid growth in
transactions, and we did it efficiently while maintaining internal
controls. We’re now realizing economies of scale.”
With their regional scope, navigating complexity across
locations and functions with the cloud was critical. With its move
to Sage Intacct, Canine Companions finance team quickly saw
incredible results, including:
- Saved $500k annually through better visibility into
expenses. Canine Companions can now more easily spot
opportunities to reduce expenses. They’ve become more efficient
with dog food and telecommunications spending, for a total savings
of around $500,000 every year which can now be used to provide
additional programs.
- Freed 50% of time spent on gift processing.
The finance team’s workflow improvements include 40% more efficient
accounts payables and purchasing, as well as 50% faster and more
accurate receivables processing for donations and gifts. This was
achieved by fully automating previously manual tasks such as
documenting journal entry approvals and issuing paper-based
checks.
- Shortened audit process by 25% and reduced audit cost
by 20-25%. With the newfound visibility provided by Sage
Intacct, Canine Companions was able to reduce the back-and-forth
during audits. By providing read-only access to Sage Intacct for
auditors, they can make audits 25% faster, and expect efficiencies
to deliver 20-25% cost savings to next year’s audit.
- Improved fundraising event ROI by 10%. More
timely information has helped the nonprofit boost the ROI of its
fundraising events by 10%. They accomplished this by tracking
fundraising metrics across both corporate and individual
donations.
In addition to these improvements, the new system has also
expanded the ability for Canine Companions to pursue more
complicated grant funding that was previously out of reach. Pierce
notes, “Our development team is no longer afraid of restricted
funds or pledges. They know we can account for them and administer
them effectively, so they’ll have the information they need to
steward those donors.”
For more information on how Canine Companions is benefitting
from its move to Sage Intacct, read the full case study here.
Media
contact: Caitlan
Fowler caitlan.fowler@sage.com+1 470.447.4118
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