Advancing Financial Strategy at Thayer Academy with Martus Solutions

Founded in 1877, Thayer Academy is an independent, coeducational day school serving over 700 students in Braintree, Massachusetts.

Since implementing Martus, Thayer Academy’s finance team has moved from a time-intensive monthly reporting process to a seamless workflow that frees them to focus on the financial decisions that matter.

The Challenge

Every month, Thayer Academy's finance team spent up to two full days compiling department budget reports — a manual effort that consumed staff hours without adding analytical value. The tools in place weren't meeting the demands of a complex, multi-department institution, and the reports they produced weren't always trustworthy. The school needed a solution that could deliver accurate, real-time financial data and put that information directly in the hands of department heads without creating extra work for the finance team.

The Solution

Martus gave Thayer's finance team the tools to move from reactive reporting to on-demand financial visibility. The platform's reporting capabilities quickly became central to how the finance team operates.

• Accurate, real-time financial reports that don’t require diving into the general ledger
• Department budget reporting that is accessible on demand to department heads
• Drill-down capability so users can see transaction level details
• User-level permissions that give non-finance staff visibility into department details without compromising security or data integrity

The Result

The impact for Thayer Academy has been most visible in time savings and reporting confidence. The finance team no longer spends days each month on reporting. Martus handles it automatically, and the reports they're working from are ones they actually trust.

• Monthly department budget reports that previously took two days to compile are now ready in Martus with no effort required from the finance team
• Financial reports are used on a daily basis and are considered more reliable than those generated by the general ledger
• A sharper reduction in errors since implementation
• Faster, more informed decision-making supported by real-time data

Success Metrics

• 33% decrease in budget cycle time
• $25,000 in employee hours saved
• 2x faster financial decision-making