Nav Level 1 - Customer Success

Our mission depends on a large community of folks who support our work. The less time we spend in the office trying to understand our financials, the more time we can spend out in the community building those relationships.

Elizabeth Cushing, President, Playworks

Real-time forecasting and budgeting across 23 regions improves efficiency and provides better financial insight

Prior to using Adaptive Insights, Playworks relied on Excel to track its various revenue streams, including government and city grants, earned income, and fundraising efforts. Playworks deployed Adaptive Insights to make planning and reporting for the nonprofit’s finance and non-finance users easier, more collaborative, and more insightful.

Challenges

  • The complexity of planning for disparate revenue sources and the size of the organization led to a planning process that was time-consuming, labor intensive, and episodic.
  • A fragile Excel-based budget process made it difficult for budget owners to collaborate and ensure accuracy.
  • Budgeting was limited to an annual cycle rather than planning long term, so the impact of adjustments to the financials were not visible over time.

Results

  • Reduced the time required for each monthly accounting close by 5 days with rolling forecasts
  • Improved efficiency by giving the finance team the ability to quickly identify potential missing revenue or expenses
  • Simplified the reporting process so finance staff can easily create custom reports within minutes
  • Created reporting forecasts that could be shared with funders as a tool to secure additional future funding
About:
Playworks is the leading national nonprofit leveraging the power of play to transform children’s social and emotional health. Playworks currently serves more than 2,000 schools in 23 U.S. cities, and reaches more than one million students directly and through professional training services. They are changing school culture by leveraging the power of safe, fun, and healthy play at school every day.
Location:
Oakland, CA
Industry:
Nonprofit

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