Customer Case Studies

Copyright ©2018, Sage Intacct, Inc. All rights reserved. Sage Intacct is a registered trademark of Sage Intacct, Inc. www.sageintacct.com 300 Park Ave #1400 San Jose, CA 95110 877-437-7765 S c a l a b l e , c l o u d e R P S o f t w a R e e n a b l e S P a i n l e S S G R o w t h With Sage Intacct, our financial close was cut in half, and that extra time is huge for us because we're a small team. We're saving five days of work for four people, which gives us back 20 days of work each month that we can put into more strategic activities. Salma Kaida, Accounting Manager, Yardstick All of these efficiency improvements reap huge dividends when it comes to headcount savings. "If we hadn't adopted Sage Intacct's cloud-based ERP so ware, we would've needed to grow our team by at least a couple full-time employees, at annual cost of around $100,000 each year," noted Kaida. "Since making the switch, we have created more capacity for value-added work and our small team even managed to absorb a huge acquisition without hiring any more accountants." Results Granular Financial Transparency Ensures Be er-Informed Decisions The so ware also provides powerful reporting capabilities that allow Yardstick to track operational and financial metrics by key business drivers. Using Sage Intacct Dimensions, users can tag individual transactions with specific customers, projects, lines of business, departments, employees, or locations, and then filter, group, and organize financial data accordingly. The finance team also pulls operational data – such as headcount, hours worked, number of projects, and more – into Sage Intacct for even deeper analysis across these dimensions. For instance, Sage Intacct's out-of-the-box project accounting reports give Yardstick's consulting organization visibility into detailed tasks. Project managers can easily track their team's logged time against estimated time and closely monitor billable hours on a weekly basis. This means that towards the end of the month, they can see which specific tasks are under budget and focus on work that will generate the necessary revenue to meet monthly targets. The company's newly acquired business, Danatec, which had previously been using an on- premises accounting system appreciates the insight Sage Intacct delivers into product profitability. They can see income and expenses for each of their many product lines, monitor print and online versions of the same product, and track product growth in specific regions. Kaida shared, "When we brought them onto Sage Intacct, Danatec's president shared how illuminating it was to finally be able to see real-time trends even in their high-volume environment. He noted that in just the first few months they'd been on Sage Intacct, they saw a dramatic improvement in the granularity of the data they used to make decisions as compared to the 20 years of difficult-to-parse data they had accumulated in the previous system." "Since adopting Sage Intacct, we've had a major shi in terms of how we think of ourselves as a finance department," concluded Kaida. "Historically we were like a vault – a trustworthy, reliable keeper of the record, but our role has evolved to being stewards of accurate data that informs the right business decisions. We're pu ing more timely information into the hands of managers, and supporting activities that actually generate revenue."

• Cover