Sage Case Studies Major Nonprofit Improves Accountability and Control With Sage

Edit This Case Study Record

	Major Nonprofit Improves Accountability and Control With Sage Sage

Major Nonprofit Improves Accountability and Control With Sage

Sage

Technology Category	Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions	Business Operation
Use Cases	Demand Planning & Forecasting
Services	System Integration
Challenge	Christian Broadcasting Network, Inc. (CBN) is a large television ministry that relies heavily on donations. The organization was facing challenges with its financial and planning systems. The systems for purchasing, cost accounting, inventory, and budgeting were from different vendors or home-grown, leading to redundancies and inefficiencies. This lack of integration was hindering the organization's ability to manage expenses effectively. The organization needed a project-based budgeting model to align the budget process with business drivers and strategic goals. Read More
About Customer	Christian Broadcasting Network, Inc. (CBN) is one of the largest television ministries in the world. It is a 501(c)(3) nonprofit organization that relies on the donations of individuals. The organization is based in Virginia Beach, VA. It is crucial for CBN to understand and manage expenses effectively due to its reliance on donations. The organization was looking for a solution that would improve control and access to financial data down to the detailed departmental level. Read More
Solution	CBN chose Sage Budgeting and Planning as a solution to its challenges. The software was chosen for its flexibility, ease of use, and its ability to support project-based budgeting. With Sage Budgeting and Planning, the IT staff is no longer involved in the budget planning process. Instead, accounting kicks off the budget cycle by creating a set of linked templates, or Plan Sheets, for each department. Formulas and assumptions requiring data from prior years are integrated directly with the general ledger and other production systems, such as payroll, ensuring total data accuracy. Budget managers in each department review their Plan Sheets and enter data by project. Sage Budgeting and Planning offers built-in security that ensures the integrity of the underlying budget model. Read More Log in to view content
Contents

Technology Category

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Functions

Business Operation

Use Cases

Demand Planning & Forecasting

Services

System Integration

Challenge

Christian Broadcasting Network, Inc. (CBN) is a large television ministry that relies heavily on donations. The organization was facing challenges with its financial and planning systems. The systems for purchasing, cost accounting, inventory, and budgeting were from different vendors or home-grown, leading to redundancies and inefficiencies. This lack of integration was hindering the organization's ability to manage expenses effectively. The organization needed a project-based budgeting model to align the budget process with business drivers and strategic goals.

About Customer

Christian Broadcasting Network, Inc. (CBN) is one of the largest television ministries in the world. It is a 501(c)(3) nonprofit organization that relies on the donations of individuals. The organization is based in Virginia Beach, VA. It is crucial for CBN to understand and manage expenses effectively due to its reliance on donations. The organization was looking for a solution that would improve control and access to financial data down to the detailed departmental level.

Solution

CBN chose Sage Budgeting and Planning as a solution to its challenges. The software was chosen for its flexibility, ease of use, and its ability to support project-based budgeting. With Sage Budgeting and Planning, the IT staff is no longer involved in the budget planning process. Instead, accounting kicks off the budget cycle by creating a set of linked templates, or Plan Sheets, for each department. Formulas and assumptions requiring data from prior years are integrated directly with the general ledger and other production systems, such as payroll, ensuring total data accuracy. Budget managers in each department review their Plan Sheets and enter data by project. Sage Budgeting and Planning offers built-in security that ensures the integrity of the underlying budget model.

Impact #1	The budgeting cycle was reduced by a month.
Impact #2	Budgets are more accurate due to better data and consolidated views of the budgeting process.
Impact #3	Departmental Plan Sheets are consolidated and linked, so that throughout the process, managers can detect unanticipated costs that their projects might impose on other departments.

Impact #1

The budgeting cycle was reduced by a month.

Impact #2

Budgets are more accurate due to better data and consolidated views of the budgeting process.

Impact #3

Departmental Plan Sheets are consolidated and linked, so that throughout the process, managers can detect unanticipated costs that their projects might impose on other departments.

Benefit #1	Reduced the budgeting cycle by a month.

Benefit #1

Reduced the budgeting cycle by a month.

Download PDF Version

Overview

Major Nonprofit Improves Accountability and Control With Sage

Operational Impact

Quantitative Benefit