SAN JOSE, Calif., May 16, 2018 (GLOBE NEWSWIRE) -- Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions, today announced that The Public Health Accreditation Board (PHAB) has grown revenue to $2 million, increased visibility into business health, and improved operational efficiency across the organization using Sage Intacct.
Formed and funded by the U.S. Centers for Disease Control and Prevention (CDC) and the Robert Wood Johnson Foundation, PHAB, is a nonprofit, non-governmental organization that was founded on a vision for a healthier nation. It aims to improve and protect the health of the public by advancing and ultimately transforming the quality and performance of the nation’s state, Tribal, local, and territorial public health departments. Since its inception, PHAB has evaluated and accredited 221 health departments, benefiting more than 69% of the U.S. population.
Why Sage Intacct?
PHAB leadership found their existing financial management solution could no longer support their quickly evolving financial model, reporting requirements, and pricing structures. PHAB selected Sage Intacct, part of the Sage Business Cloud, to support their increasingly complex revenue recognition.
“Sage Intacct is an ideal partner as we grow because they provide everything we need, said Mark Paepcke, Chief Administrative Officer at PHAB. “We considered a range of systems, including Microsoft Dynamics GP and QuickBooks Online, but were most impressed by the people from Sage Intacct. They were very informative, and it quickly became clear that their software already offered the precise capabilities we needed, as opposed to other vendors who wanted to build complicated revenue recognition customizations for us.”
Since implementing Sage Intacct, PHAB realized significant benefits, including:
Real-time visibility to monitor business health: Utilizing Sage Intacct’s reporting and dashboard capabilities, PHAB’s lean finance team instantaneously reviews key operational and financial metrics, organized by business area, to track revenue and expenses against expected targets.
Enhanced insight to drive mission sustainability: Using true cost data from Sage Intacct, PHAB easily adapts fee structures, maintains organizational income, predicts funding gaps, and forecasts customers needed to sustain accreditation services.
Streamlined financial workflows to increase operational efficiency: With Sage Intacct, PHAB saves more than 100 hours per month on manual accounting tasks, shortening its monthly close by 10 days and reducing the time required for financial review processes during audits.
“We now have easy access to accurate data and go into our finance committee meetings more prepared, so we can have the right conversations about how to move the organization forward versus where the numbers came from,” said Paepcke. “We have full confidence that Sage Intacct will continue to support our growth, even as we look towards potentially adding new educational services and other specialized accreditation services.”
For more information on how PHAB uses Sage Intacct, view the full case study here.
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