Customer Case Studies

and can check on their team's time whenever they want. And with Sage Intacct's project accounting capabilities, content services managers can instantaneously produce reports on how much billable and non-billable time is being spent across projects. These key operational processes are now unified and streamlined with other financial processes throughout WebAssign's services delivery lifecycle, and as a result, the company is able to consistently maintain a rapid 3-day monthly close. "From smooth, painless financial closes each month, to quick AP entries, to easy-to-use accounts receivables features, every single process just works in Sage Intacct – without us having to worry about any of it," commented Barbara Raess, WebAssign's financial planning analyst. Gaining Comprehensive Visibility into Organizational Performance WebAssign's management team benefits from deeper insight into the real-time status and margins of all active and completed projects across the organization. These accurate project report cards help the content services team monitor their revenue stream, and easily identify and correct anything that goes off track. In addition, because of Sage Intacct's multi-dimensional architecture, the company can finally slice and dice costs and revenues by its most important academic disciplines – i.e. across all math, physics, or chemistry projects. "As an employee-owned company, WebAssign fosters a culture of accountability. Sage Intacct supports this by helping all our managers control margins and forecast more accurately," shared Raess. "On a weekly basis, they closely review historical cost reports for every single project in Sage Intacct. And each month, we provide department-specific income statements." At least two to three times each year, WebAssign's finance team is able to sit down with individual operational managers across the company and talk about each group's expenses and budgets. With the visibility Sage Intacct provides, the team can get a more accurate reading of where the company is likely going to be by the end of the year, and re-forecast if needed. "The most powerful benefit from Sage Intacct is that now our very fiscally responsible management team isn't held back by guesswork or concerns with going over budget. They have the information they need, in one place, to feel confident about spending to grow the business," concluded Grantham. "Now that they can look at their group's financials every month and see how the decisions they make affect the company as a whole, they each feel more ownership over choices about where to spend our investments. As a result, we're capitalizing on new business opportunities more quickly and hiring at a faster pace." © 2017 Sage Intacct, Inc. All rights reserved. The Sage Intacct logo is a trademark of Sage Intacct, Inc. and/or its affiliates. All other company or product names are the property of their respective owners. 10.17 www.sageintacct.com 877.437.7765 About WebAssign WebAssign is an independent, employee-owned benefit company dedicated to education technology. More than eight million students have used WebAssign to submit over one billion answers to homework assignments, tests, and assessments. Headquartered on North Carolina State University's Centennial campus, the company currently has more than 180 employees.

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