Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Challenges Searching for Adaptable Financial So ware to Meet Evolving Needs University Clinical Health (UCH) is a nonprofit organization that offers quality primary and specialty healthcare from over 100 renowned physicians who also serve on the faculty at the University of Tennessee College of Medicine. Over the past few years, UCH has undergone a significant transformation effort, spinning off several companies and shi ing its focus towards multi-specialty, multi-facility practices. During this evolution, the organization struggled to adapt its archaic mainframe accounting system to UCH's changing needs, and decided to find a more flexible, cloud-based ERP solution. The finance team wanted so ware that would provide be er transparency into UCH's multi-en- tity, multi-location financial data, require less manual data entry and IT resources, and support paperless workflows. In addition, the organization needed a best-in-class solution that could connect with its payroll and integrated care so ware. "We evaluated NetSuite and Unit4 Finan- cials before se ling on Sage Intacct because it was by far the most flexible and complete sys- tem," said Timothy Carlew, controller at University Clinical Health. "Given our constantly shi ing business environment, we knew we'd benefit greatly from Sage Intacct's ease-of-use and the simplicity with which it can adjust to our evolving requirements on the fly." Solutions Modern Financial Workflows Produce Massive Cost Savings UCH worked with Sage Intacct implementation partner LBMC Technology Solutions to set up Sage Intacct to meet its needs and execute a painless conversion. LBMC helped UCH signifi- cantly improve reporting and tracking of its multiple locations and entities with Sage Intacct. In all, UCH estimates that Sage Intacct is saving its organization well over $500,000 each year from reduced staffing and IT costs. For example, the accounts payable process is dramatically streamlined now that staff at each of the 12 clinic locations can easily enter their own invoices and expense reports into the cloud-based so ware. As a result, UCH's corporate finance team was able to reduce headcount by 1.5 full-time equivalents. In addition, the finance team used Sage Intacct's cash management capabilities to schedule payment timing more strategically, which immediately improved positive cash flow by $125,000. Company Overview University Clinical Health (UCH) is a not-for-profit clinical practice organization with more than 100 renowned physicians offering services in 13 areas of practice. Its physicians serve on the faculty at the University of Tennessee College of Medicine and work in hospitals, clinics and private practices throughout the Memphis metro area. Executive Summary Previous So ware: • CODA Financials Results with Sage Intacct: • Saving more than $500,000/ year in staff and IT costs • Freed 8 days/month by automating invoicing, A/R and reporting • Shortened monthly close by nearly 40% • Improved positive cash flow by $125,000 Searching for Adaptable Financial So ware to Meet Evolving Needs University Clinical Health C A S E S T U D Y

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