Customer Case Studies

Copyright ©2018, Sage Intacct, Inc. All rights reserved. Sage Intacct is a registered trademark of Sage Intacct, Inc. www.sageintacct.com 300 Park Ave #1400 San Jose, CA 95110 877-437-7765 S e e k i n g F i n a n c i a l V i S i b i l i t y t o U n l e a S h g r o w t h P o t e n t i a l "The team at Maner Costerisan does a great job of providing proactive recommendations to make sure we are ge ing the most out of the system," shared Getschman. "Since we don't have an IT team, they save us a lot of time by se ing up our entities and reports, and guiding us through new ways to optimize and extend Sage Intacct." She added, "We never would have been able to handle this kind of growth without Sage Intacct's automation, which increased our team efficiency by at least 50%. Even though we still have the same exact staff managing double the workload, neither our lead accountant nor I worry about basic journal entries or daily transactions any more. Instead, we're freed up to focus on the monthly close and financial reviews." Getschman also mentioned that S&L uses Sage Intacct's location dimension quite o en during store development. When they're building restaurants in new territories, it's not always necessary to set up a legal entity right away, so the group tracks all preliminary start-up work in Sage Intacct. "Once a new store is a go, it's very easy to spin it off onto its own entity, but if a location doesn't pan out for whatever reason, we still have all the costs captured in order to write it off as a failed venture," she said. Of note, S&L completed its very first audit with flying colors earlier this year. The group's auditors appreciated being able to log into Sage Intacct with view-only access and easily find all necessary reports and a ached documentation for both the annual audit and income tax preparation. Results Increased Transparency Promotes Accountability The system's dimensions capabilities also deliver dramatically improved visibility that supports S&L's continued growth. Each transaction is now tagged with a specific store or partner, and the finance team can filter and organize this data for more granular reporting. For instance, a Sage Intacct dashboard gives executives full transparency into financials across all of the group's 30 restaurants, while general managers can access permissions-based dashboards to drill into expenses just for locations under their control. "Sage Intacct puts real-time financial information into the hands of our managers so they're more apt to take ownership and be proactive. They no longer call finance to ask, 'why are my food, paper, or repair costs so high?,' because they have the tools they need to identify problem areas themselves and investigate what's impacting their store's profitability," Getschman said. "The system made it easy to design our financials the way our franchisor wanted to see them and get accurate, tailored financials out to any shareholder—providing important visibility for all of our current and future reporting needs," she concluded. "With Sage Intacct, we can also group numbers for stores associated with a particular bank loan, and add key EBITDA metrics right onto our financial statements for the owners to monitor." The faster we grow, the more difficult it becomes for our two majority owners to maintain a hands-on approach with each restaurant. With Sage Intacct, we can now organize financials any way they need and provide be er insight into the profitability of certain locations or groups of restaurants. With Sage Intacct, we are able to filter our financials by region to see trends and analyze key figures to determine which regions are able to sustain growth or need a ention. Tammy Getschman, Director of Accounting, S&L Companies

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