Case Study: Concordia Theological Seminary cuts budgeting time by 50% with Martus Solutions

Concordia Theological Seminary cuts budgeting time by 50% with Martus Solutions

Concordia Theological Seminary, a Lutheran theological institution, faced a manual and siloed budgeting process. Using printed Excel sheets, 40 departments recorded projections by hand, resulting in a months-long cycle with no real-time visibility and frequent errors. To address this challenge, the seminary partnered with vendor Martus Solutions to implement its cloud-based budgeting platform.

Martus Solutions implemented its platform in a phased approach over three years, integrating with the seminary's Sage Intacct system. The solution eliminated manual processes, creating a fully collaborative and paperless workflow. This resulted in a 50% reduction in budgeting time, the elimination of manual errors, and served as the foundation for an organization-wide financial transformation for Concordia Theological Seminary.

Concordia Theological Seminary