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Success Story: California Institute for Behavioral Health Solutions (CIBHS)

Success Story: California Institute for Behavioral Health Solutions (CIBHS)


Challenges:
  • QuickBooks could not handle the increasing volume and complexity

  • Heavy use of Excel spreadsheets to track and report on as many as 200 projects

  • Needed to hire five temps to help reconcile balances

Solution:
  • Intacct cloud-based financials, including time and expense management

  • Planning, training, and deployment services provided by Armanino

Results with Intacct:
  • Eliminated manual spreadsheets for financial reporting

  • Cut time-to-close by one week

  • Reduced reporting effort from three days to a matter of minutes

  • Freed up more time for data analysis

  • Gave the controller and project managers real-time visibility into project financials

     

Nonprofit Agency Reduces Financial Reporting from Days to Minutes


 

Established in 1993 to promote excellence in mental health services, the California Institute for Behavioral Health Solutions (CIBHS) helps health professionals, agencies, and funders improve the lives of people with mental health and substance use challenges.

To fulfill its vision, CIBHS grew steadily during the past decade to the point where its financial systems could no longer support the volume and complexity of projects and transactions. Ultimately, CIBHS chose Intacct, a cloud-based financial management and accounting software solution. Intacct was the only vendor that did not require CIBHS to break apart its chart of accounts to enabling reporting by lines of business, team, project manager, or other aspect.