Streamlined processes ensure time and
resources are focused on the most impactful programs and
services
LAS
VEGAS, Sept. 28, 2022 /PRNewswire/ -- SUITEWORLD
2022 -- Oracle NetSuite today announced that March of
Dimes, a nonprofit leading the fight for the health of all moms and
babies, is using NetSuite to help support its mission. In recent
years, March of Dimes has been able to take advantage of an
integrated business system to streamline its finance
department, reallocate time and resources, and leverage data-driven
insights. This has allowed the team to deliver more engaging
programs and services.
Founded in 1938 to uncover the mysteries of polio and support
Americans suffering from the disease, March of Dimes has evolved
into an organization that is focused on improving the health of
moms and babies through research, programs, education, and
advocacy. As March of Dimes refocused its mission to support moms
and babies, its finance department was spending too much time
collecting, managing, and analyzing financial data across
disconnected spreadsheets. To simplify processes, gain real-time
insight into its data, and direct funds more efficiently, March of
Dimes needed to upgrade to an enterprise resource planning (ERP)
system. After careful evaluation of the organization's particular
challenges and objectives, March of Dimes selected NetSuite for its
ease of use, data analysis capabilities, and ability to automate
its end-to-end financial processes.
"During the past five years we've experienced incredible growth,
but we didn't always have reliable data, which made it difficult to
manage our cash. This ultimately impacted the efficiency of our
entire organization," said Dave
Damond, senior vice president and chief financial officer,
March of Dimes. "We needed real-time insights into our financial
data to help us allocate funds more wisely into major programs and
initiatives and serve more people."
NetSuite has helped March of Dimes streamline and automate
payables, receivables, and budgeting. NetSuite contributed to March
of Dimes being able to shorten its monthly close from 14 to five
days. NetSuite's ability to collect and integrate data in real time
from multiple sources has provided March of Dimes with a central
repository of financial data, which has been instrumental in
helping the team make business-wide decisions. The data analysis
capabilities in NetSuite have facilitated March of Dimes'
decision-making by helping its financial team focus on planning and
analysis rather than manual accounting transactions.
"Nonprofits need to strike a balance between investing in
internal operations and funding external services that support
communities," said Evan Goldberg,
founder and EVP, Oracle NetSuite. "NetSuite has enabled March of
Dimes to get the best of both worlds by helping it harness its
financial data to drive business strategy. This has allowed March
of Dimes to become more strategic in its most important area – the
investments it makes in the communities it serves."
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SOURCE Oracle NetSuite