Customer Case Studies

www.sageintacct.com 300 Park Ave #1400 San Jose, CA 95110 877-437-7765 Copyright ©2018, Sage Intacct, Inc. All rights reserved. Sage Intacct is a registered trademark of Sage Intacct, Inc. Rev: SI_Case_Study_RapidRatings_Updated | January 28, 2019 10:29 AM E y E - O p E n i n g F i n a n c i a l V i s i b i l i t y D r i V E s i n F O r m E D D E c i s i O n s The company also benets from a single view of its nancial data in Sage Intacct, rather than having to look between the accounting soware, a separate reporting tool, and a third docu- ment management system for audit back-ups. Now, Wegener can just go into a transaction and pull up its aachment to drill down into details as needed. And Sage Intacct's automated audit trails help her verify that journal entries are always done correctly. Results Driving Business Decisions with Granular Gross Margin Insight With the help of Sage Intacct consulting partner Revolution Accounting, Powell's developed helpful custom reports, and set up dimensions to capture the business context behind each transaction. The team uses Sage Intacct to slice and dice nancial data by vendors, vendor types, customer types, sales channels, store locations, and more. As a result, they understand the company's revenue and expenses at a more granular level. "We nally have the full picture for our Internet sales in one report and can dierentiate between e-commerce and in-store purchases, which gives us the information we need to analyze the business," noted Wegener. "Sage Intacct delivers more timely visibility into how protable each store is, what people are buying when they walk into a store versus go online, and the true costs associated with each of those types of sales. Since we know which brick and mortar locations are making more money and why, it's clear what direction we should go for each store and how we need to model any new stores we may open down the road." Powell's also uses Sage Intacct to track operational metrics like unit sales, revenue per linear foot of shelves, as well as internet cost of goods (including freight fees and shipping material). With more detailed breakdowns, managers' eyes are opening to unexpected insights about the business, and they're nding ways to optimize operations. For instance, they're improving negotiations with freight vendors now that they know this aspect of the Internet business is not as protable as once assumed, and buying gi merchandise in larger volumes to improve gross margins. According to Wegener, "More than one manager has commented on how valuable our data in Sage Intacct is, with comments like 'I had no idea that cost us so much money.'" Sage Intacct has freed me up to look holistically at the business rather than just focusing on geing accounting tasks done. We have beer, faster information and can do more analysis of our expenses and inventory to really understand our current situation and make beer decisions for our future. Now, I'm helping the company look forward instead of only looking back at what's happened in the past. Kim Wegener, Director of Finance, Powell's Books

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