Cloud Financial Technology Implementation Case Study

This case study outlines the implementation of cloud financial technology by the nonprofit Room to Read, which aims to improve literacy and gender equality in education for children in low-income countries. The organization faced significant challenges due to the COVID-19 pandemic, which impacted its fundraising efforts. To adapt, Room to Read partnered with Armanino LLP to implement Sage Intacct and Workday Adaptive Planning, transitioning from traditional budgeting methods to a more modern cloud-based approach. This technological upgrade enabled a major restructuring of the global finance and accounting functions, allowing for rapid re-budgeting in response to changing financial forecasts. The case study details how these systems provided the necessary control, automation, and visibility for Room to Read to effectively manage its operations during the crisis. Additionally, it highlights the organization's initiatives to continue delivering educational resources to children despite school closures, demonstrating the impact of technology on operational flexibility and sustainability.