Customer Case Studies

© 2019 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview Accurate Neuromonitoring, LLC is a dedicated IONM practice that provides service to over 400 surgeons and 100 hospitals and ambulatory centers in eight states. The organization offers a level of excellence that exceeds the standards of the profession, built on years of clinical and operating room experience, monitoring many complex and high-risk procedures. Executive Summary Previous So ware: • Intuit QuickBooks Results with Sage Intacct: • Improved profitability 30% with be er insight for informed decisions • Increased efficiency by 66% • Cut outsourcing costs 40% Challenges Company Slashes Outsourcing Costs 40% While Managing Growth Accurate Neuromonitoring is a healthcare practice that provides live monitoring services during surgical procedures throughout 100 hospitals across 11 states. A er operating for a decade as a small local provider, its partners decided to secure a private equity investment and grow the business through several acquisitions. In preparation, they transitioned from cash-based to accrual accounting and started consolidating financial statements across their multiple entities. As part of ge ing Accurate Neuromonitoring to the next level of financial maturity, the partners also hired a CFO and controller. Tim Trexler, the company's controller, remembers some of the process challenges from that time, "When we were maintaining three separate entities in QuickBooks, consolidations were very painful. We had outsourcing help to support our month end close and reporting package for investors, but it quickly became apparent that we needed a more scalable financial management solution." Sage Intacct partner RSM recommended and implemented the solution, and Accurate Neuromonitoring immediately benefited from Sage Intacct's multi-entity consolidations capabilities and integration with best-in-class applications like Bill.com. Since deploying the system 18 months ago, the company has boosted profitability 30 percent, improved efficiency 66 percent, and reduced outsourcing costs 40 percent. Solutions Streamlined Multi-Entity Financial Processes Improve Efficiency 66% A er working with RSM to design a new dimensions-based chart of accounts in Sage Intacct, integrate it with Bill.com for accounts payable (A/P), and add Tallie for expense automation, the company greatly streamlined its time-consuming monthly close and achieved several other benefits. Accurate Neuromonitoring went from needing the support of three outsourced accountants, to managing its own financials with a single in-house resource – increasing efficiency by 66 percent. Trexler noted, "Now that we're able to be er manage our cash position in Sage Intacct and schedule payments with Bill.com, we've improved cash flow. We're si ing on a lot more cash than we used to, which brings flexibility to the business, and I love that I no longer have to look at a Healthcare Business Grows Profitability 30% with Sage Intacct Accurate Neuromonitoring C A S E S T U D Y

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