Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Challenges Rapidly Growing Franchise Prepares for Continued Expansion According to Entrepreneur Magazine, HomeVestors of America® is one of the country's fastest growing franchises. The company helps its franchisees build their real estate portfolios by acquir- ing homes at discount prices, renovating them, and then either selling them to home buyers or renting them. Since its founding in Dallas, Texas nearly 30 years ago, HomeVestors has expanded to more than 800 franchises and purchased over 75,000 houses. With 50 percent franchise growth in just the past two years, the company has a racted a diverse mix of large and small customers across the United States, and its mission is to empower these real estate investors by providing world-class products, services, and training. To support expand- ing operations and demonstrate its commitment to franchisees, HomeVestors recently decided to upgrade from its on-premises Epicor ERP so ware and replace its home grown customer payment system with a more intuitive solution. The finance team worked with CPA and advisory firm, BKD, to find an integrated cloud solution that could meet its needs. Keith Ungerer, HomeVestors' corporate controller, remembers, "Before we made the switch, we were using archaic so ware that had been heavily customized, was costly to maintain, and wasn't integrated. It was clear that we needed a new, more robust financial system that could sync with our payment portal in real-time to eliminate duplicate data entry and manual work. We looked at both NetSuite and Sage Intacct, and ultimately chose Sage Intacct because it offered sophisticated multi-entity ERP functionality in the cloud, as well as proven integrations with partner solutions like 2CP's customer payment portal." Solutions Saving Time with Integrated Payment Processing and Multi-Entity Consolidations HomeVestors worked with BKD to implement both Sage Intacct and 2CP, and then configure the systems to the business' high-volume requirements. "Thanks to the time our BKD team spent ge ing to know our business and the company's nuanced needs, we had a very smooth implementation," noted Ungerer. "We work closely with BKD on a regular basis, and they always address any questions we have quickly." Company Overview Originally founded as HomeVestors of America in 1989, the "We Buy Ugly Houses" franchise model became available in 1996. Since then, the organization has purchased 75,000+ homes nationwide. HomeVestors has more than 800 franchisees spanning across 45 states and growing. Executive Summary Previous So ware: • Epicor Results with Sage Intacct: • Shortened DSO by 2 days, freeing $120,000 in cash • Saved 30+ hours/week managing A/R • Avoided $150,000 in annual headcount costs • So ware paid for itself in <4 months Rapidly Growing Franchise Prepares for Continued Expansion HomeVestors C A S E S T U D Y

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