In this Sage Intacct: ACUI Success Story, you will learn that the Association of College Unions International (ACUI) is a nonprofit educational organization that supports thousands of campus community builders at over 500 schools around the world. The association enriches student unions through education, advocacy, and services. In recent years, many nonprofits like ACUI have been increasing the business rigor across their operations by more proactively addressing programs that fail to hit sales goals or other KPIs.
Sage Intacct’s general ledger uses dimensions that capture the business context of each transaction, so ACUI can analyze performance by various organizational drivers without having to manage a complex chart of accounts. Users can now simply “tag” entries with the relevant member, vendor, employee, department, region, or project, which makes it easy for anyone to get useful information directly from Sage Intacct without having to manipulate data in Excel or ask the finance team for help.
Thanks to Sage Intacct, ACUI’s executives are now able to do more proactive financial planning, and regional staff and volunteers can always see where their P&Ls stand at any moment so they know where to focus in order to improve profitability.
Key Outcomes in Success Story:
Software payback in less than 6 months based on business value alone
Automated several manual workflows to increase efficiency by 35%
Shortened bank reconciliations from 5 hours to 5 minutes
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