Financial Insights: How Adler Planetarium is Driving Better Management

Adler_Planetarium_E

Industry

Tourism/Entertainment

Challenge

Before adopting Martus Solutions, Adler Planetarium's finance team faced time-consuming manual budgeting, frequent bottlenecks due to the heavy reliance on senior financial officers, and delays in decision-making. The lack of real-time financial data and poor integration with their Intacct accounting system led to inefficiencies, data discrepancies, and a fragmented approach to financial management.

Results

The seamless integration with Intacct accounting software stands out as one of the essential features for the finance team. This alignment allows for real-time updates and efficient collaboration. The intuitive budget preparation tools provided by Martus have empowered team members to create more accurate budgets without constant oversight from senior financial officers. This decentralization not only produces better budgets but also saves time that would have been spent answering budget-related questions.

Accounting Software

Sage Intacct

www.adlerplanetarium.org/
3x
Faster Decision-Making
$25K
Annual Cost Savings
50%
Time Savings

Martus has been a game changer for us in budgeting, with its ability to integrate with Intacct, to allow for seamless collaboration, and to provide multiple reporting dimensions.

Audris Wong

CFO, Adler Planetarium

planetarium_visitors

About Adler Planetarium

The Adler Planetarium connects people to the universe and each other. Whether it is introducing a guest to the Ring Nebula, a neighborhood school to a community partner, a research team to a network of citizen scientists, or one staff member to another, the Adler’s focus on meaningful connections dates back nearly a century.

Outcomes

Audris Wong, the CFO at Adler Planetarium, has seen remarkable improvements in their financial management since implementing Martus Solutions' advanced budgeting and forecasting platform. Within the Entertainment industry, where keeping pace with financial demands is crucial, Martus Solutions has significantly simplified these complex tasks.

The Solution

The organizational impact of Martus Solutions cannot be overstated. Migrating budgeting responsibilities directly to end users within the organization has streamlined processes, reduced errors, and increased accountability among departments. This shift translates into considerable time savings across the board and ensures more accurate budgeting procedures.

A key feature that has proven particularly beneficial is the side-by-side budgeting tool for scenario analysis. Audris frequently utilizes this function to explore different financial scenarios, enhancing the ability to make informed decisions based on various potential outcomes. This analytical capability allows them to stay ahead in an ever-changing financial landscape by preparing for multiple possibilities.

What sets Martus apart from other solutions is its excellent customer support—a factor that has been highly appreciated by Audris and her team at Adler Planetarium. Additionally, continuous enhancements to the platform keep them confident that they are utilizing a top-tier solution capable of maintaining robust financial health.

In summary, integrating Martus Solutions at Adler Planetarium has revolutionized their approach to budgeting and forecasting by offering powerful tools for scenario analysis, reducing administrative overhead through decentralized budgeting processes, saving valuable time typically consumed by traditional methods, and bolstering collaboration within their finance team all while ensuring reliable customer support and ongoing innovation.