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 M a n a g i n g g r o w t h w i t h B e s t - i n - C l a s s F i n a n C i a l s o F t w a r e As a small, hyper- growth company, even minor changes we make can be magnified quickly, and speed is always of the essence. That's why it's so important that we keep a handle on the impact of each decision, so we're not running blind as we make essential investments in our growth. Sage Intacct and AppComputing's integrated solutions foster business agility by giving all of our leaders visibility into Patreon's financial position at any point in time. Alan Federman, Head of Finance, Patreon To further extend the power of Sage Intacct and drive be er forecasting, Patreon recently implemented AppComputing BudgetEngine, a pre-integrated application available on the Sage Intacct Marketplace. Supporting a more formal, efficient budgeting process, the integration between Sage Intacct and BudgetEngine lets the company monitorbudget-to-actuals in real- time, manage department forecasting, and drill into specific expenses as needed. During critical headcount planning, the finance team can use flexible models in the system to run various scenarios. "BudgetEngine and Sage Intacct have greatly improved our forecasting by providing transparency into the sensitivity of certain costs," commented Federman. "For example, if we want to accelerate hiring for five specific positions into an earlier quarter, we can review granular salary and benefit details and see in minutes exactly how different start dates would impact our cash, working capital, etc." He continued, "With headcount costs accounting for 90 percent of our expenses, making be er, faster hiring decisions can have a significant impact on the business. Sage Intacct and BudgetEngine give us peace of mind that we're making decisions based on solid data vs. 'back-of-the envelope' spreadsheet calculations." Results End-to-End Automation Brings Efficiency Gains Patreon also boosted productivity by connecting its Sage Intacct financial hub with other best-in-class tools to streamline previously cumbersome workflows like payroll, credit card reconciliations, and cash management. As a result, the company more than halved its financial close—reducing it to just four days. For example, Bill.com works seamlessly with Sage Intacct to automate accounts payable approval workflows. And Tallie handles Patreon's employee expense reports, connecting directly with the company's Wells Fargo corporate card accounts, so the team has instant, detailed visibility into all expense data from Sage Intacct. Additionally, the finance team set up simple uploads from its ADP payroll system, which saves a full day of data entry each month by automatically generating relevant journal entries in Sage Intacct. Patreon also pulls cash data from Wells Fargo to Sage Intacct for more timely, simple access to cash flow information. Finally, the team imports bulk reports from the company's custom payment system, so they're able to easily reconcile patron/artist transactions via Sage Intacct. "We've seen first-hand that the more integrations we adopt, the more value we get from Sage Intacct. The system paid for itself in less than three months based on business value alone," concluded Federman. "We love that we can leverage the Sage Intacct ecosystem of partners to choose the other business applications that best fit our needs and know they will all work together with Sage Intacct to optimize our day-to-day accounting tasks—improving accuracy and future-proofing our business. This gives me more time for strategic planning and longer- range forecasting."

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