Customer Case Studies

© 2019 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview Located in Richmond, Virginia, Woodfin Heating, Inc. is one of the area's best heating and air conditioning providers. The company is a market leader in fuel oil delivery, 24-hour emergency service, service agreements, and home energy audits. Executive Summary Previous So ware: • Microso Dynamics GP Results with Sage Intacct: • Improved gross margins • Increased finance team efficiency • Shi ed 25% of bookkeeping time to strategic projects • Saved in accounting salaries amidst company growth • Accelerated audit preparation, saving CFO 3 weeks every year Challenges Moving to a Modern Technology Platform to Support Continued Growth Woodfin Heating Inc. is a family owned company headquartered in Richmond, VA. Founded in 1977, the company started as a fuel oil delivery operation and has grown throughout the years to include other home services, convenience stores, and mechanical contractors. A er adopting Cargas Energy so ware to support its rapidly growing home services, Woodfin wanted to further modernize its technology stack with a cloud-based financial management solution. The company previously used multiple on-premise accounting packages, including Microso Dynamics GP, which were costly to maintain and not integrated. "We wanted a centralized system that would overcome our financial reporting limitations, improve internal controls, and allow people to focus on their core competencies rather than preparing data," said Jen Loving, CFO at Woodfin. "Cargas introduced us to Sage Intacct, and what won us over was its robust dashboard, dimensions, and drill-down capabilities, which let us easily report by department – something we couldn't do in Microso Dynamics GP." Now, the combined solution of Sage Intacct and Cargas Energy gives Woodfin real-time financial visibility with access to critical business decision-making data anytime, anywhere. Several automated processes and integrations helped increase finance team efficiency, reduce headcount costs, and save three weeks of audit preparation time – ensuring the team remains agile as the business continues to scale. Solutions Best-in-Class Financial Solutions Fuel 60% Efficiency Gains Sage Intacct partner Cargas Systems supported Woodfin during its Sage Intacct implementation, migrating and streamlining key financial processes across the general ledger, such as accounts payable (A/P), banking, financial reporting, and consolidations. The company now effortlessly pulls in balances from subsidiaries' accounting systems into Sage Intacct – simplifying global consolidations and the monthly close. Woodfin extended these benefits by adding best-in-class solutions from the Sage Intacct marketplace to their ecosystem, starting with FloQast for managing the financial close and DocuPeak for paperless A/P. "Sage Intacct's seamless integration with FloQast not only brought incomparable transparency to our various monthly reconciliations across four entities, it also HVAC Provider Increases Finance Productivity with Sage Intacct Financial Management Woodfin Heating, Inc. C A S E S T U D Y

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