Case Study: Foundation for Advanced Education in the Sciences (FAES) achieves 30% finance efficiency gain and faster collections with Sage Intacct

Educational nonprofit makes smart changes with Sage Intacct

The Foundation for Advanced Education in the Sciences (FAES) is a nonprofit that provides graduate-level courses, workshops, housing, retail, and event services for the biomedical community. As its programs and revenue streams grew, the organization found its on-premises Microsoft Dynamics GP system increasingly difficult to maintain and unable to provide timely, department-level visibility, so it sought a flexible cloud-based finance solution.

FAES implemented Sage Intacct with help from RSM and integrated Bill.com, restructuring its chart of accounts and automating AP/AR workflows. The changes increased finance efficiency by about 30%, sped collections by 15–30 days, reduced monthly close time by roughly 10%, improved departmental visibility and accountability, and enabled data-driven decisions such as removing unprofitable courses and streamlining audits.

FAES

Nicole Luna

Director