The Kenneth Rainin Foundation is dedicated to supporting Bay Area artists, advancing early childhood literacy in Oakland, and funding biomedical research focused on chronic diseases like inflammatory bowel disease.
Since adopting Martus, the Kenneth Rainin Foundation has noticed several key improvements in their budgeting process.
Enhanced Accuracy and Reduced Administrative Burden: Martus has eliminated spreadsheet errors, freeing the finance team and department managers from tedious fixes and allowing them to focus on strategic planning.
Real-Time Data Access for Informed Decisions: Budget managers now have instant access to live data, allowing them to see budget versus actuals, drill down into individual transactions, and confirm details like paid and pending invoices. This level of transparency is particularly valuable at year-end, as managers need to ensure that every dollar is effectively allocated. "We’re no longer a gatekeeper," said Lauren. "This has been a real goal; putting the information in their hands and making their department information transparent to them."
Improved Forecasting Capabilities: Martus allows managers to adjust budgets mid-year if needed, using real-time data without finance acting as the sole information source. With Martus, budget managers are positioned to make proactive decisions while receiving support from the finance department.
In just six months, Martus has fundamentally changed the way the Kenneth Rainin Foundation approaches budgeting. With more streamlined processes and empowered teams, they are better equipped to direct resources where they’re needed most.
By centralizing budgeting and empowering staff to manage their budgets directly, Martus supports the Foundation in advancing its three central program areas to maximize its impact in the Bay Area and beyond.