Case Study: Al-Khair Foundation cuts management accounts prep from days to minutes with iplicit

What used to be three days’ work is done in half an hour after Al-Khair Foundation adopted iplicit

The Al-Khair Foundation, an international charity, faced significant challenges with its previous Acumatica ERP system. The finance team struggled with time-consuming manual processes for intercompany transactions and monthly management accounts, which took up to three days to complete. They also needed a consolidated view of multiple subsidiary entities but were hampered by separate charts of accounts and poor customer support due to the vendor's US location.

By implementing iplicit's cloud accounting software, the foundation consolidated all its entities into a single system. This solution automated intercompany transactions and streamlined reporting. The results were substantial: the time to produce management accounts was reduced from three days to under an hour. The finance team's efficiency dramatically improved, allowing the work of eight people to be handled by fewer than four, and the charity now pays two-thirds of its previous software licensing cost for a more functional system.

Al-Khair Foundation

Alamgir Hossain

Head of Finance