October 13, 2021
San Francisco’s premier performing arts center, Yerba Buena Center for the Arts (YBCA), runs a nonprofit facility that hosts its own cultural programming and offers discounted community rentals for local theaters and artists, as well as commercial rentals. To cover its operating expenses, the organization supplements rental fee income from meetings, conferences, and other special events with city grants and donations. A few years ago, YBCA embarked on a quest to streamline its business systems, move to the cloud, and establish better financial visibility and
accountability.
The finance team started by looking for a modern financial management solution to replace its legacy Blackbaud Financial Edge software. They wanted to eliminate manual, duplicate data entry and Excel workarounds by deploying an easy-to-access platform that could fully integrate with other applications and bring all of the center’s functions together on the same page. “We considered Oracle NetSuite and others, but found Sage Intacct’s robust, cloud-based solution to be the best fit for both where we were at, and where we want to go as an organization,” remembered Chris Safford, finance director at YBCA. “We especially liked how Sage Intacct provides understandable reports with visual impact, so people who aren’t in finance can track how we’re doing against our mission of generating culture that spurs and supports societal movement.”
Results with Sage Intacct:
- Slashed monthly close by >60%
- Improved budget accuracy by 30%
- Boosted productivity 25%
- Saved $30,000 in personnel costs