Endeavor – a High-Impact Entrepreneurship Organization – Streamlines, Grows and Measures Outcomes with Help from Sage 100 Fund Accounting
Global nonprofit streamlines operations and increases efficiency with award-winning financial management solution from Sage
IRVINE, Calif. (February 13, 2013) – Sage North America today announced that Endeavor Global, Inc., a nonprofit that transforms emerging countries by supporting high-impact entrepreneurs, uses Sage 100 Fund Accounting to streamline operations and increase efficiency.
Endeavor leads the high-impact entrepreneurship movement around the world. Since its founding in 1997, the organization has grown from 12 to over 250 employees, expanded to multiple companies in 17 different countries, and tripled its budget. It used QuickBooks® during the start-up phase but outgrew the product as the organization expanded. The search for a more powerful and scalable solution led the team to Sage 100 Fund Accounting.
Sage 100 Fund Accounting provides an easy and comprehensive nonprofit financial management solution. From fund accounting and grant management to human resources, fixed assets and employee web services, it is an intuitive solution that helps nonprofits achieve greater transparency and accountability. Its flexible system setup and built-in reporting help organizations master their critical accounting and administration tasks, saving more time to focus on their causes.
“The great thing about Sage 100 Fund Accounting is that it lets us measure what we’re doing, so that we run more professionally,” says Larry Brooks, vice president of finance at Endeavor. “Before, we could not group or analyze information easily. For instance, figuring out how much a search team spent on a selection panel in Jordan would have taken me days. With Sage, it’s done in minutes.”
Sage 100 Fund Accounting has also helped streamline the organization. “We eliminated several hundred unnecessary lines in the general ledger and improved reporting and segmenting. These might seem like small things, but instead of just data, we now have reliable, relevant and usable information.”
Endeavor pioneered the concept of high-impact entrepreneurship in growth markets. Believing that high-impact entrepreneurs create an inordinate number of jobs, Endeavor identifies and selects promising entrepreneurs, giving them access to the mentoring, networking, and strategic advice they need to thrive. Endeavor’s goal is to create high-value jobs, increase company revenues, and inspire future generations to consider entrepreneurship a viable career choice. Endeavor entrepreneurs average a growth rate of 69 percent in their first two years working with the organization. Since 1997 they have created more than 200,000 high-quality jobs. In 2011 alone, they generated $5 billion in revenues. And they earn over $220 for every dollar donated to the organization.
Read more about Endeavor’s success with Sage 100 Fund Accounting here. For more information on nonprofit solutions, visit the website at na.sage.com/sage-nonprofit-solutions or contact Sage at 800-811-0961 or [email protected].
Sage has been serving nonprofit and governmental organizations throughout North America for more than 30 years. The company helps more than 32,000 unique not-for-profit organizations increase efficiency and more easily manage their operations through the use of technology. From fund accounting, donor and fundraising management, and grant management to online donation processing, human resources (HR), payroll and fixed asset management, Sage offers a software product or service to meet the organization’s need. Follow Sage Nonprofit Solutions on Twitter® (www.twitter.com/SageNonprofit) and Facebook® (www.facebook.com/sagenonprofit), read its blog (www.sagewords.net), and join its community for not-for-profits (http://community.sagenonprofit.com).
Sage is a leading global supplier of business management software and services for small and midsized businesses. The Sage Group plc, formed in 1981, was floated on the London Stock Exchange in 1989 and now employs more than 13,500 people and supports more than 6 million customers worldwide. For more information about Sage in North America, please visit the company website at NA.Sage.com. Follow Sage North America on Facebook, Facebook.com/SageNorthAmerica, and Twitter, Twitter.com/SageNAmerica.
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