Major Nonprofit Improves Accountability and Control With Sage
Customer Company Size
Large Corporate
Region
- America
Country
- United States
Product
- Sage Budgeting and Planning
Tech Stack
- Financial Management Software
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Cost Savings
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions
- Business Operation
Use Cases
- Demand Planning & Forecasting
Services
- System Integration
About The 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.
The 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.
The 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.
Operational Impact
Quantitative Benefit
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