Customer Case Studies

© 2019 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview An independent franchisee of Planet Fitness since 2009, Alder Partners, LLC operates 20+ gyms across Massachuse s and Georgia. Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, serving more than 12.2 million members at 1,646 locations. Executive Summary Previous So ware: • Intuit QuickBooks Results with Sage Intacct: • Improved cash forecasting and increased budget accuracy 10% • Shi ed 50% of bookkeeping effort into forward-looking analytics • Cut monthly close in half • Avoided $100,000 in annual finance salaries amidst 3X company growth Challenges Ge ing in Shape with a Scalable, Multi-Entity Financial Foundation An independent franchisee of Planet Fitness, Alder Partners, LLC has expanded rapidly over the past decade, opening three or four new clubs every year. The group currently operates over 21 gyms across Massachuse s and Georgia, serving over 147,000 members. In the early days, the partners ran each location as a separate business with independent financial processes and its own chart of accounts in QuickBooks. The company did informal quarterly reviews of its books, but lacked comprehensive consolidations or real-time visibility across gyms. Once Alder Partners reached six clubs and set a goal for continued 30-40 percent annual growth, its owners realized they needed to centralize financials in order to scale efficiently. They hired a controller, who immediately went in search of a robust system that could support an audit- ready, multi-entity financial close. "We looked at Microso Dynamics GP and Oracle NetSuite, but chose Sage Intacct because it had everything we needed in one, easy-to-scale solution," remembers John Kalinowski, Alder Partners' controller. "We were impressed with its ability to handle many different entities and location groups with streamlined inter-company transactions and consolidations." By graduating to Sage Intacct, Alder Partners automated its financial workflows, which offset the cost of a third-party accountant and avoided an estimated $100,000 in annual salaries – despite tripling in size. The so ware helped cut the monthly close in half, allowing Kalinowski to free 50 percent of his time from day-to-day accounting tasks for more forward-looking business analytics, improve cash forecasting, and increase budget accuracy by 10 percent. Solutions Efficient Processes Slash Monthly Close and Accelerate Business Planning With support from Sage Intacct partner RSM, Alder Partners revamped its financial structure. According to Kalinowski, "Our RSM implementation team was great. They helped us design the building blocks of our new financial system with a solid chart of accounts." By using the so ware to automate several previously manual processes – like managing inter-company reconciliations, recording hundreds of daily cash transactions, entering payroll, and allocating invoices across Planet Fitness Franchisee Grows 3X While Saving $100,000 Annually Alder Partners C A S E S T U D Y

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