Intacct, a leader in cloud financial management and accounting software, today announced that IslandWood has replaced a combination of Blackbaud and QuickBooks with a single Intacct solution to more quickly gain key financial insights into the health of its organization. Moving to Intacct increased accounting efficiencies, saving the organization about 35 person-hours of work each month while reducing human error, increasing financial and operational visibility, and eliminating IT support needs.

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Intacct Cloud Financial Applications Provide
Foundation for Expansion at IslandWood
Educational Nonprofit Automates Financial Processes and
Gains Faster Operational Insight by Switching to Intacct
SAN JOSE, Calif. – Feb 26, 2013 – Intacct, a leader in cloud financial management and
accounting software, today announced that IslandWood has replaced a combination of
Blackbaud and QuickBooks with a single Intacct solution to more quickly gain key financial
insights into the health of its organization. Moving to Intacct increased accounting efficiencies,
saving the organization about 35 person-hours of work each month while reducing human error,
increasing financial and operational visibility, and eliminating IT support needs.
Located on Bainbridge Island near Seattle, IslandWood is an outdoor learning center that
serves around 12,000 school children each year throughout the Puget Sound region to inspire
lifelong environmental and community stewardship. After ten years in operation, the
organization is planning major expansion over the next five years and recognized an opportunity
to replace its cumbersome packaged accounting software with a pure cloud-based financial
management system for greater transparency. With a planned $5 million budget increase and
four new strategic initiatives underway, IslandWood knew that it needed greater flexibility to
manage a broader range of donors, as well as remote access to keep up with the pace of
several new off-site programs.
“We chose Intacct over several other vendors because it delivers everything we need to
efficiently run our organization in a reliable, easy to access cloud solution,” said Jennifer Sharp,
senior accounting manager at IslandWood. “With Intacct, we saw a system that would
streamline our financial processes and give a wide variety of people in our organization real-
time visibility into key financial metrics from anywhere. We also love the seamless, feature-rich
upgrades that happen transparently without any IT effort on our part.”

2. Intacct Cloud Financial Applications Provide Foundation for Expansion at IslandWood
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IslandWood has radically improved its financial and operational visibility with Intacct. Instead of
wasting time and compromising data integrity by exporting data to external systems,
IslandWood counts on Intacct to handle all of its reporting needs. In addition to using Intacct’s
pre-built library of more than 150 reports, including nonprofit-specific financial management
reports and FASB and IRS compliant financial statements, IslandWood created custom reports
that leverage Intacct’s multidimensional general ledger to track key operational metrics, improve
fund and grant management, and streamline expense tracking.
“I no longer need to run reports off of our Blackbaud system and then spend half a day
reentering that same data into a specific Excel format for our Board’s finance committee
meetings,” commented Sharp. “Now, I use my custom reports in Intacct to give our CEO and
senior vice presidents a consistent, real-time view of our financial data, from high-level
summaries of funding information and budgets, down to individual contributions and program
expenses. In addition, Intacct’s ability to tag specific projects, grants or special event expenses,
and then track and report on them by fund makes it easily adaptable to the specialized needs of
a nonprofit like us.”
Moving to Intacct’s modern financial applications has also enabled IslandWood to significantly
improve day-to-day productivity by automating all of its financial processes, such as invoicing,
accounts receivables, credit card reconciliation, accounts payables, and reporting. For example,
IslandWood previously entered all school and customer invoices into QuickBooks, and then had
to wait until the end of the month to put summary entries in Blackbaud. With Intacct, IslandWood
now enters this information once and has real-time, accurate sales and receivables data in one
place.
For accounts payables, IslandWood imports purchases from seven credit card cardholders into
Intacct, and the application automatically reconciles transactions and provides easy-to-use drill
down capabilities. This is a huge improvement over the organization’s previous process of
entering credit card transactions into an Excel spreadsheet first and then again into its General
Ledger.
Using Intacct’s seamless integration with Salesforce CRM, IslandWood has also streamlined its
entire sales cycle – from quotes to invoices to payment processing. The tight connection
between these two best-in-class systems eliminates manual data re-entry via an automated,
integrated quote-to-cash process, and gives each member of IslandWood’s sales and finance
teams the information they need – where and when they need it.
In total, Intacct’s automated processes have enabled the organization’s accounting staff to
eliminate duplicate data entry and save around 20 hours of work per month, allowing it to take
over payroll processing from the human resources manager and in turn save her an additional

3. Intacct Cloud Financial Applications Provide Foundation for Expansion at IslandWood
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two full days of work each month. The improved processes have also reduced the time it takes
to consolidate and close its books – shaving off at least two days of the process each month.
“The process improvements we’ve achieved by moving to Intacct have been better than we
could have imagined and are extremely valuable to our organization,” added Sharp. “Not only
has Intacct’s solution delivered huge time savings for us, the Intacct team has been a pleasure
to work with – acting as a trusted partner every step of the way.”
To learn more about how Intacct helps nonprofit organizations improve productivity, please visit
http://us.intacct.com/your-business/your-industry/accounting-software-for-nonprofits.
About Intacct
Intacct is the cloud financial management company. Bringing cloud computing to finance and
accounting, Intacct’s award-winning applications are the preferred financial applications for
AICPA business solutions. Intacct applications, in use by more than 6,000 organizations from
startups to public companies, are designed to improve company performance and make finance
more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to
their clients. The Intacct system includes accounting, contract management, revenue
management, project and fund accounting, inventory management, purchasing, vendor
management, financial consolidation and financial reporting applications, all delivered over the
Internet via cloud computing.
Intacct is headquartered in San Jose, California. For more information, please visit
www.intacct.com or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter or
YouTube.
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