The Connecticut Society of Certified Public Accountants Crunches Numbers and More with Abila MIP Fund Accounting™

Background

Founded in 1908, the CTCPA strives to support and promote the integrity and ability of the Certified Public Accountant profession in Connecticut.

In addition to providing a 6,000 person strong networking group for Connecticut accounting professionals, the CTCPA also provides educational resources, such as members-only CPE credit trainings and the Educational Trust Fund to sponsor future CPAs. The CTCPA is constantly looking for ways to support its members while advocating for the profession.

The CTCPA’s mission to grow its membership, and promote the Certified Public Accountant profession to future generations depended on staying modern and efficient. They knew they needed to harness forward-thinking technology to support their mission, update their processes and measure the effectiveness of their programs. 

Solution

Camille Livsey, an experienced nonprofit consultant, and a certified Abila Business Partner, advised CTCPA on the benefits and longevity of Abila MIP Fund Accounting™ to move their organization forward. They installed MIP in 2010 and have been using it since. Their two-person finance department moved beyond Excel delivering timely financials and data-driven insights to improve operations.

Benefits

The ability to integrate Abila MIP Fund Accounting™ with the CTCPA’s client relationship management system has given them a clearer way of tracking their resources, such as receipts, CPE classes, dues and product sales.

Abila MIP™ has streamlined CTCPA’s reporting, allowing their board to monitor the success of their programs in real-time and focus their engagements. Not only that, but they can more deeply analyze their numbers and produce better reports in significantly less time, making operating and budget decisions quicker and more meaningful.

“We use it in so many different ways,” Julie McNeal, Director of Finance for the CTCPA says, “It has given us the backup data to hang our decisions on such as measuring and tracking ROI on our educational classes.”

Looking Forward

“Not only has it met our current needs, it will meet our future needs.” - Julie McNeal, Director of Finance, CTCPA

 Abila MIP™ did more than give the CTCPA better financial reporting; it renewed a focus on their process improvement. Those improvements contributed to their current growth and accomplishments, allowing them to pass success onto future generations.

To find out what Whittlesey and Abila can do for your nonprofit, contact us at www.wadvising.com/contact/ or call 860.524.4465.