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 | February 4, 2019 1:52 PM C l o u d F i n a n C i a l M a n a g e M e n t P r o v e s a W i n n e r F o r e q u i n e o P e r a t i o n s Stonestreet worked with Dean Dorton to implement Sage Intacct as well as Bill.com, an au- tomated web platform for accounts payable and accounts receivable. Sage Intacct integrates with Bill.com so information about vendors, accounts, departments, locations, book balance, customers, employees, and classes stays perfectly synchronized. Results Improved Top-Level Visibility through Dashboards and Consolidated Financial Reports Sage Intacct's multi-dimensional general ledger eliminated complexity and confusion while of- fering more flexibility for financial reporting. Sage Intacct reduced the 10,000 account numbers in Microso Dynamics GP down to just 300 natural accounts with dimensions. Efficient integration between Bill.com and Sage Intacct created an automated cloud workflow for accounts payable approvals. "Each year, we will save about $20,000 by eliminating the mile- age, employee time, fuel costs, wear and tear on vehicles, and shipping costs. Those savings will help pay for Sage Intacct and Bill.com," said Purcell. The efficiency enables managers to accom- plish more. "I've had managers thank me for implementing these solutions because it makes a huge difference in the amount of work they get done in a day." Sage Intacct consolidates multi-entity financial reporting, so company executives can get the top-level view of equine operations they wanted. Efficient financial reporting reduced month- end close from ten business days to only four. Purcell has built each manager a personalized dashboard displaying their budget-to-actual or department-specific reports. Real-time information from Bill.com appears in the Sage Intacct dashboard so they know how much they have spent on a project or event. Using Sage Intacct, Stonestreet has been able to provide the owner and CEO with data that helps them make decisions on location at yearling sales. A custom dashboard displays real-time budget-to-actuals broken down by the appraised value of each yearling. "I've built our CEO seven custom dashboards. One shows how much bloodstock insurance we have, our cash balance, our AP, and AR—it's a snapshot of our day-to-day operations. She also has budget-to-actuals, current month financials, and year-to-date financials dashboards," described Purcell. "She has been pleased with the end result." Sage Intacct and Bill.com have streamlined Stonestreet's accounting and finance operations, saving enough time for Purcell to be able to cover maternity leave for two team members this year without hiring temporary help. The flexibility of cloud financial management empowers people to find be er balance between their work and their personal lives. "Sage Intacct makes it possible to work from home and be able to take your kids out for the a ernoon. You can travel and not worry about how your invoices will get approved," said Purcell. "When my family vacationed this summer, I didn't want that to slow down the business. With Sage Intacct and Bill.com, I sat on the beach and easily approved payables and issued checks, and then got right back to relaxing. It was great." When my family vaca- tioned this summer, I didn't want that to slow down the busi- ness. With Sage In- tacct and Bill.com, I sat on the beach and easily approved paya- bles and issued checks, and then got right back to relaxing. It was great. Dara Purcell, CPA, Cash Analysis Manager, Stonestreet Thoroughbred Holdings

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