Industry
Foundation
Challenge
Little Flower Children and Family Services of NY faced complex financial management needs, with a particular focus on accurate budgeting and forecasting. Manual processes and limited integration capabilities hindered efficient financial tracking, making it challenging to achieve timely and precise insights.
Results
By implementing a user-friendly financial management system that integrates seamlessly with Sage Intacct, the organization achieved twice the speed in decision-making, reduced annual costs by $60,000, and saved 33% in time spent on financial tasks. This streamlined approach enabled detailed, accessible reporting, allowing the finance team to focus on analysis and insights without the burden of manual data handling.
Accounting Software
Sage Intacct
The Martus software is a key tool in my day to day financial analysis, including comparing actuals versus budgeted costs. It's very user friendly and provides an east bridge from our data in Sage Intacct.
About Little Flower Children and Family Services of NY
Little Flower Children and Family Services of New York is a human services nonprofit with a 92-year history of improving the well-being of children, families, and individuals with developmental disabilities across New York City and Long Island so they can reach their full potential.Solution
Matthew Bredes, the CFO at Little Flower Children and Family Services of NY, has seen a comprehensive transformation in their financial management practices since adopting Martus Solutions. Martus Solutions has brought both ease and accuracy to their complex budgeting and forecasting tasks.
Of particular note, the seamless integration of Martus with existing systems like Sage Intacct was invaluable. According to Matthew, this integration provides a smooth bridge for day-to-day financial analysis, significantly simplifying processes that previously demanded manual intervention. The platform's robust features offer invaluable tools; among them, the income statement dashboarding particularly shines by allowing detailed drill-downs into sub-departments on a line-by-line basis to compare monthly trends effectively.
Results
One of the most significant organizational impacts highlighted by Matthew is enhanced efficiency. Martus delivers quick access to vital financial information by entity or department, facilitating immediate insights through key metric dashboards.
This level of accessibility was previously unattainable but now is integral to their operations. Notably, the reduction in manual data handling due to Martus' capabilities has replaced the need for an additional staff position—resulting in substantial cost savings for Little Flower Children and Family Services of NY.
The platform allows running both high-level and extremely detailed departmental reports based on specific needs—a flexibility that supports diverse financial reporting tasks effortlessly. This user-friendly nature amplifies collaboration within their financial team by ensuring transparent and accurate data flow across different levels.
In summary, integrating Martus Solutions at Little Flower Children and Family Services of NY has revolutionized their approach to budgeting and forecasting. By providing intuitive tools that streamline complex processes while enhancing transparency across team workflows, Martus not only saves time but also cuts down costs—making it an indispensable asset in Matthew's toolkit for superior financial management.
