OVERVIEW
Accordia Global Health Foundation's ("Accordia") mission is to overcome the burden of infectious diseases in Africa by creating innovative health models, building centers of excellence, and strengthening medical instructions. They are a non-profit organization backed by a distinguished alliance of experts from leading academic institutions around the world. They are investing in strengthening African health systems, not only to address today's need to fight HIV/AIDS and other infectious diseases, but also to prepare a new generation of African healthcare leaders for tomorrow's challenges.
THE CHALLENGE
Accordia previously used QuickBooks to maintain their accounting books. Wipfli Systems migrated Accordia from QuickBooks to Intacct which eliminated the need to track grant costs manually in Excel.
THE APPROACH
Key requirements included:
• Enhanced grant and financial reporting capabilities so that information is not maintained in Excel spreadsheets
• Ability to import daily/weekly transactions into the General Ledger and Accounts Payable
• Multi-dimensional reporting capabilities so that revenues and expenses can be racked by grant, funding source, events and activities, department, vendor, customer and employee
• Accessible anywhere
• Real time dashboards and reporting for grant managers (view only basis)
Key challenges included:
• Accordia did not have an IT infrastructure that could maintain or support an on-premise solution
• Accordia had a limited budget and needed a solution that provided the lowest total cost of ownership and the highest return on investment
• Accordia's QuickBooks system did not have the capability to track grants costs that spanning fiscal years. As a result this information was maintained in Excel spreadsheets
As a non-profit dedicated to fighting infectious diseases in Africa, we take great care to steward our funding sources and administrative resources wisely so that we invest more in the mission and less in back-office support for it. Brittenford Systems understood that and put Accordia on the path to increasing our efficiency, providing visibility for our stakeholders, with a solution that has the best ROI and the lowest total cost of ownership. They were very knowledgeable and easy to work with.
THE RESULTS
By upgrading from QuickBooks to Sage Intacct, Accordia gained deep financial visibility, streamlined month-end close processes, and built a highly scalable accounting system to support ongoing nonprofit growth.