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Financial Excellence: AFME Streamlines Non-Profit Accounting With Sage Intacct

Written by Vision33 | Tue, Oct 01, 2024 @ 01:01 PM

Headquartered in London, England, the Association for Financial Markets in Europe (AFME) is the voice of Europe’s wholesale financial markets. The non-profit organization advocates for stable, competitive, and sustainable capital markets by providing expertise across a broad range of regulatory and capital markets issues.

The Challenge

AFME uses Sage Intacct, a modern, cloud-native financial management solution with robust non-profit capabilities.

The US version of the software had the features and functionality AFME needed when its finance function was done in the United States. But when finance moved to London, the team couldn’t connect bank accounts, access bank feeds, or perform bank reconciliations.

The Solution

AFME evaluated several systems to replace the US version of Sage Intacct—and realized it just needed the UK version. The organization partnered with Vision33, a Sage Platinum Club member, to implement the UK version, migrate data from the US version, and integrate Sage Intacct with AFME’s customer relationship management (CRM) solution.

The Result

Thanks to the UK version of Sage Intacct and integrated finance and CRM, AFME has saved time and eliminated duplicate data entry. Bank feeds are available, accounts receivable journals are automated, and month-end reconciliations are faster. And all the financial reports AFME needs are available with the click of a button.

Get the Full Story

Read the case study below to learn more about AFME, Sage Intacct, and Saltbox, Vision33’s exclusive cloud-based integration platform.