Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Upgrading to Multi-Entity ERP for a Complex, Growing Business INVO PEO C A S E S T U D Y Company Overview Beginning with an insurance- minded approach, INVO PEO developed a system of services designed to help clients protect their investment and increase their revenue. The company's professionals span several fields, including tax compliance, human resources, payroll, risk management, employer compliance, and insurance, and serve clients all over the United States. Executive Summary Results with Sage Intacct: • Increased finance productivity by 30% • Saved 50+ hours/month managing A/P and A/R • Shortened global consolidations by 2 days/month • So ware paid for itself in <3 months Challenges Upgrading to Multi-Entity ERP for a Complex, Growing Business INVO PEO offers innovative national value outsourcing solutions that take the insurance philosophy of asset protection and expand it to provide a more comprehensive approach to business services. A professional employer organization (PEO), the company's 37 independent entities span services for human resources outsourcing through co-employment relationships, as well as IT, insurance, and finance services. The business has experienced 6X revenue growth in recent years and eventually needed to upgrade its legacy insurance, HR, and financial management systems in order to be er scale with continued growth. A er looking at various options on the market, the company selected the Sage Intacct cloud-based ERP solution to handle all of INVO PEO's financial management needs, and chose Prism HR to manage its PEO payroll and other HR-related workflows. "A er evaluating solutions like Oracle NetSuite and Microso Dynamics GP, what really stood out about Sage Intacct was its ability to dramatically streamline our chart of accounts through an easy-to-use, dimensions-based approach to the general ledger," shared Freddie Daniels, controller at INVO PEO. "Sage Intacct can handle even our most complex reporting and global consolidation needs directly within the financial management system, while giving us the flexibility to integrate with other business applications and add on specialized tools like fixed assets from partners in the Intacct Marketplace. Because of all this, we knew Sage Intacct would be a system we could rely on as we grow." Solutions Boosting Finance Productivity through Automated Processes A er using cumbersome, outdated systems for many years, INVO PEO's finance team achieved immediate time savings from switching to automated multi-entity processes in Sage Intacct. "Now we spend less time on preparing financials and reconciliations, and can shi 30% more productivity into things like more complete and more frequent cycles," noted Daniels. "As a finance team, we are scaling faster and using fewer resources because we don't need as many people to keep up with the company's growth."

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