Industry
Healthcare
Challenge
Mt. Olivet Rolling Acres’ financial team faced significant inefficiencies due to manual budgeting and reporting processes that were both time-intensive and prone to errors. The complexity of managing financial information across departments created challenges in maintaining accuracy and timely access to data.
Results
By adopting a streamlined budgeting and reporting solution, the organization achieved 4x faster decision-making, saved $60,000 annually, and cut their time spent on budgeting tasks by half. This efficient approach enabled swift budget adjustments and improved financial oversight, allowing the team to focus more on strategic insights rather than administrative burdens.
We use Martus for budgeting and income statement reporting by department. It replaced excel spreadsheets. It enables to access more information very quickly and easily make budget changes.
About Mt Olivet Rolling Acres
Dedicated to the highest quality of care, MORA, a 501(c)(3) nonprofit, provides services for children, adults, and seniors with intellectual or developmental disabilities; behavioral health needs; chronic medical conditions; and elderly-related cares.Solution
Joe Christensen, the Chief Financial Officer at Mt. Olivet Rolling Acres, was in search of a way to simplify financial management within their healthcare organization. His drive to improve efficiency and accuracy led him to partner with Martus Solutions, bringing about a huge improvement in their approach to budgeting and reporting.
Before the advent of Martus Solutions, Joe's team was deeply entrenched in manual processes that were not only time-consuming but also prone to errors. The transition away from cumbersome Excel sheets unfolded a new chapter of organized and efficient financial operations with Martus’s cutting-edge platform.
Results
What stands out most about Martus for Joe is its user-friendliness which is vital for maintaining oversight across numerous financial segments without hassle. Coupled with ongoing enhancements from Martus Solutions, it assures that his team will continue reaping benefits from this strategic partnership—benefits that reflect not just in time but also cost savings due to improved accuracy—undeniably cementing Martus as the linchpin in their financial management evolution at Mt. Olivet Rolling Acres.
Martus made an impressive organizational impact by enhancing precision in budget preparation and monthly departmental income statement reporting—with an emphasis on real-time data analytics for smarter decision-making—all without overwhelming users with complicated features or processes.
The implementation of special-purpose worksheets and the ease of navigating complex budgeting tasks transformed Mt Olivet Rolling Acres' approach to handling finances. What used to be a labyrinth became an intelligently designed ecosystem for managing budgets and income statements. The comprehensive rolling-up feature notably brought clarity into the assembly of departmental results.
