Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced that Sage Intacct customer Room to Read has been named a winner of the 2019 Technology ROI Awards. By deploying Sage Intacct’s best in class financial management software, Room to Read achieved a 402 percent return on investment, according to a study by Nucleus Research.
In its 17th year, the Technology ROI Awards recognize the top 10 technology projects of the year based on the overall value delivered by the project. Nucleus Research analysts performed an independent ROI assessment calculating the actual business benefits and ROI achieved by each project; winners were chosen based strictly on the ROI recognized from their implementation.
Room to Read is a global nonprofit transforming the lives of millions of children around the world through its focus on children’s literacy and gender equality through education. Founded in 2000 on the belief that World Change Starts with Educated Children®, Room to Read’s innovative model focuses on deep, systemic change within schools in low-income communities during the two time periods that are most critical in a child’s schooling: early primary school for literacy acquisition and secondary school for girls’ education.
Room to Read has benefitted more than 16.8 million children, expanded its programs to 16 countries, and reached over $50 million in annual contributions. To support its continued growth, the organization deployed Sage Intacct, which helped Room to Read modernize its financial management infrastructure, all while achieving a payback period of four months. Room to Read completely rebuilt its general ledger and revamped its accounting practices, enabling an expansion of its outreach capabilities. Since deployment, Room to Read has streamlined its monthly financial close process, reduced costs, and increased staff productivity—allowing it to reach over 100,000 additional children through its programs.
This year’s Technology ROI Awards recognized the consistent return on investment Nucleus continues to track from cloud applications and people applications such as customer relationship management (CRM), human capital management (HCM), enterprise resource planning (ERP), and analytics application projects.
“As technology options have become more complex and nuanced, selecting a solution that can potentially deliver value is only the first step,” said Ian Campbell, CEO, Nucleus Research. “The awards recognize not only that the Sage Intacct solution delivers value, but that the Room to Read project team successfully managed deployment and adoption to deliver bottom-line results.”
See the full report and further benefit details at: http://roiawards.com/winners/.
About Room to Read
Founded in 2000 on the belief that World Change Starts with Educated Children®, Room to Read’s innovative model focuses on deep, systemic transformation within schools in low-income communities during two time periods that are most critical in a child’s schooling: early primary school for literacy acquisition and secondary school for girls’ education. We work in collaboration with local communities, partner organizations, and governments to develop literacy skills and a habit of reading among primary school children and ensure girls can complete secondary school with the skills necessary to negotiate key life decisions. Room to Read has benefited 16.8 million children across more than 37,000 communities in 16 countries. Learn more at www.roomtoread.org.
About Nucleus Research
Nucleus Research is a global provider of investigative, case-based technology research and advisory services. We deliver the numbers that drive business decisions. For more information, visit NucleusResearch.com or follow us on Twitter @NucleusResearch.
Sage (FTSE: SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up, or enterprise. We do this through Sage Business Cloud – the one and only platform that customers will ever need, comprising Accounting, Financials, Sage Intacct, Enterprise Management, People & Payroll, and Payments & Banking.
Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13,000 colleagues and a network of accountants and partners. We are committed to doing business the right way and giving back to our communities through Sage Foundation. Find out more at www.sage.com/en-us.