Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Challenges Building an Agile Foundation for a Dynamic Business A wholly-owned subsidiary of Brookfield Asset Management, Inc., Brookfield's Public Securities Group invests in publicly traded real estate and infrastructure securities. The group currently manages approximately $16 billion in assets under management globally. Over the past few years, the firm underwent a significant evolution as it reevaluated strategies and laid a founda- tion for growth. During this time, the entire company was using a legacy mainframe system that required central administration and IT maintenance, complicated reporting workarounds, and paper-based processes. Accounting workflows were cumbersome and inefficient, especially for the Public Securities Group's distributed finance team. "We wanted to upgrade to cloud-based financial so ware with flexible reporting simple configuration, and reliable security," noted Kyle O'Connor, vice president of finance and accounting for Brookfield's Public Securities Group. "Choosing Sage Intacct was an easy decision because it met all of our key requirements. A er comparing it with multiple other options, we were most impressed by Sage Intacct's comprehensive multi-en- tity functionality, which I knew I could manage myself without a computer science degree." Solutions Automated Accounts Payable Boosts Productivity 40% With Sage Intacct and American Express vendor payment services, Brookfield's Public Securities Group completely revamped its accounts payable (A/P) process. As a result, the A/P team cut in half the time they spent securing approvals, mailing hard copy checks for signatures, and entering vendor payments—and cleared their backlog of over 100 bills. Thanks to Sage Intacct, all of these tasks are now automated. According to O'Connor, "Previously, we had a fire hose of unpaid bills piling up to be reviewed by various business units and then processed, and our A/P team frequently had to work late just to keep up. With Sage Intacct, we're so much more efficient and can answer ad hoc A/P questions in five minutes, rather than wasting a half hour or so trying to figure out thingslike how much we paid a certain vendor last year. This makes the business stakeholders happy because they can use that information on the fly for decision making or vendor negotiations." Company Overview Brookfield Asset Management's Public Securities Group serves institutions and individuals seeking the investment advantages of real assets through actively managed listed equity and debt strategies. The firm has been investing in the public markets since 1989 and currently manages more than $16 billion on behalf of financial institutions, pension plans, insurance companies, foundations, endowments, sovereign wealth funds, and high net worth investors. Executive Summary Previous So ware: • IFS Results with Sage Intacct: • Achieved faster insights by cu ing monthly close process in half • Improved A/P efficiency by 40% • Saved 120 hours/year on report preparation • Gained granular departmental insights for be er planning • Informed vendor negotiations to decrease costs • So ware paid for itself in <6 months Building an Agile Foundation for a Dynamic Business Brookfield C A S E S T U D Y

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