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© 2018 Sage Intacct, Inc. All rights reserved. 877-437-7765 Challenges In Search of Multi-Entity Capabilities to Manage Growth A er starting as a golf course, the Tetherow Resort in Central Oregon has expanded rapidly over the past decade. It now features tournaments, restaurants, vacation homes, residences, an event center, and more. The organization operates twenty individual entities that roll up into three wholly owned subsidiaries—a complex business structure which was previously managed using a combination of Jonas restaurant so ware, QuickBooks and Excel. Unsurprisingly, monthly consolidations across these companies was a cumbersome week-long process that required the finance team to manually key-in balance sheets and eliminating entries. As Tetherow grew, it eventually moved its front office onto hospitality management so ware from ResortSuite, and needed a best-in-class, robust ERP backend to run its business. "We chose Sage Intacct over the other options on the market because the whole staff loved how powerful, yet incredibly user-friendly, its cloud-based solution was," said Tamara Crawford, chief financial officer at Tetherow. "Sage Intacct's flexible multi-entity and global consolidations capabilities provide significant value, as does its ability to integrate with any other applications we deploy to meet our company's own unique technology needs." Solutions Streamlined Consolidations Deliver Tremendous Time Savings A er implementing Sage Intacct, Tetherow's finance team immediately automated its tedious consolidations process, shortening it from over a week each month down to less than four hours. This helped them cut the monthly close in half, from twenty to under ten days. In addition, Sage Intacct made it much easier for the organization to keep an eye on its cash balances across entities. The team now runs a weekly cash analysis report directly in the system, which saves around six hours they had been spending each week on bank reconciliations and tracking cash in Excel. By uploading both financial and statistical data from the ResortSuite so - ware directly into Sage Intacct, they also avoid duplicate data entry and enjoy valuable insight across the business. Thanks to these productivity improvements, Tetherow has been able to handle its rapid expan- sion without the two additional accounting hires it would've needed just to run daily and month- ly financial workflows using the old systems. "The efficiency and visibility we've gained with Sage Intacct allow us to be a trusted resource and much be er business partner across the organiza- tion—ultimately improving Tetherow's overall customer service. Through all of these benefits, we estimate that our investment in Sage Intacct pays for itself in less than three months each year," noted Crawford. Company Overview Tetherow is a resort that encompasses 700 acres in Bend, Oregon. It boasts an 18-hole golf course, 50-room boutique hotel, pool, two restaurants, vacation rental homes, event pavilion, golf academy, and various residential neighborhoods. Next year, the resort plans to open a new recreation center, spa, and neighborhood park. Executive Summary Previous So ware: • Jonas So ware & QuickBooks Results with Sage Intacct: • Shortened consolidations by 10X and halved monthly close • Saving 24 hours/month on cash analysis • Avoiding $75,000 in annual headcount costs • So ware pays for itself in <3 months In Search of Multi-Entity Capabilities to Manage Growth Tetherow C A S E S T U D Y

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