Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Sophisticated Financial System Ensures Scalability Nextep C A S E S T U D Y Company Overview Nextep, an industry-leading IRS- certified Professional Employer Organization (PEO), is dedicated to helping small and medium- sized businesses nationwide with their human resources, benefits, risk & compliance, and payroll services and expertise. Through the PEO relationship, clients and their employees gain access to big-business benefits, technology and support delivered by friendly experts. Executive Summary Results with Sage Intacct: • Gained strategic insight into regional profitability • Scaled easily with 23% growth • Improved productivity by 25% • So ware paid for itself in <4 months Challenges Sophisticated Financial System Ensures Scalability Nextep, a technology-focused Certified Professional Employer Organization (CPEO), originally started out as a one-person office and has grown to 100+ employees today. With eight different legal entities, 21 departments, and a very lean finance team, the business' complex accounting processes became more cumbersome over time. Previously, the company's on-premises so ware required users to constantly log in and out for each entity, prepare duplicate journal entries, maintain separate vendor lists, do consolidations and reporting in Excel, and just hope the numbers balanced correctly. Ronda Rogers, Nextep's controller, shared, "As we anticipated even more growth, we knew it would be crucial to bring our accounting so ware into the 21st century. We decided to make a change and went in search of a cloud-based, multi-entity financial solution with robust reporting and dashboard capabilities. A er comparing Sage Intacct with Microso Dynamics GP, Sage Intacct was clearly the be er fit for our needs." Rogers worked with Sage Intacct partner AcctTwo to implement the system in just seven weeks and instantly saw night and day improvements. Solutions Comprehensive Financial and Operational Visibility Drives Strategic Forecasting Sage Intacct now provides full insight into Nextep's financials across a variety of operational dimensions that allow them to slice and dice data across specific projects, regions, customers, employees, or vendors for deeper reporting and analysis. This both simplifies the company's chart of accounts and adds context to its data, which makes it easy to get fast answers to a wide range of business questions. Nextep pushes invoice data from its PrismHR system into Sage Intacct for region-level profit and loss (P&L) statements, and also integrated Sage Intacct with Adaptive Insights to simplify forecast-to-actuals comparisons. "With Sage Intacct, we can finally report down to the region level and see our costs vs. income, as well as total headcount and clients in each region," noted Rogers. "We track important metrics like our gross profit per worksite employee and ratio of worksite employees to internal corporate employees. This insight is critical, because it helps us determine how productive a particular region is from one month to the next, make decisions about whether the business should stay in that region, and look at our future to forecast where we want to be."

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