Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview SIFMA is the voice of the nation's securities industry, bringing together the shared interests of hundreds of broker-dealers, investment banks, and asset managers. On behalf of the industry's nearly one million employees, the leading trade association advocates on legislation, regulation and business policy aecting retail and institutional investors, equity and xed income markets, and related products and services. Executive Summary Previous Soware: • Microso Dynamics SL Results with Sage Intacct: • Increased value to the organization with nance transformation • Freed up 50% of A/P time • Improved budget management through real-time dashboards Challenges Replacing a 15-year-old Legacy System with Modern Financials in the Cloud The Securities Industry and Financial Markets Association (SIFMA) is the leading trade association for global investment bankers, broker dealers, and asset managers. Aer merging with multiple advocacy organizations during its rich 100-year history, SIFMA is now based in New York and Wash- ington D.C. For the past een years, its nance team used an outdated on-premises version of Microso Dynamics SL to manage the organization's complex nancial processes. Sophie Usasz, SIFMA's managing director of nance, remembers, "On Microso Dynamics SL, reporting was clunky and very dicult, and we couldn't release information until we completely closed out the books. There was a long lag before our managers could get actionable nancial information, and by then it was oen too out of date to rely on for decisions." She continued, "We wanted multi-entity, cloud-based soware, and looked at both Sage Intacct and Oracle NetSuite before deciding that Sage Intacct was more exible and beer suited to our needs. We were inspired by the company's innovative product vision and growth potential, and found the solution very easy to use." Solutions Eliminating Antiquated Financial Processes Brings Eciency Gains Over the past year, Sage Intacct consulting partner, Wipi, helped SIFMA's nance team successful- ly overhaul their manual workows. "Wipi did an amazing job helping with our nance transforma- tion and making our nancial performance more transparent across the organization," noted Usasz. "From implementing Sage Intacct, to integrating it with other best-in-class tools like Stampli for accounts payable automation, Concur for employee expenses, and Vena Solutions for nancial re- porting, we've freed up a lot of resources. For example, we cut A/P processing by 50 percent – time we can instead spend building dashboards, expanding our reporting, and improving our month-end close." Major Financial Transformation Drives Real-Time Decision Making SIFMA C A S E S T U D Y

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