White Papers

Overcoming Financial Growing Pains in Professional Services Organizations 3 In our services-centric economy, many project-based companies that provide technical and business services are fine-tuning their marketing strategies and business models to pursue growth And the most recent benchmark report from SPI Research shows those efforts are paying off. The average net profits for the professional services organizations surveyed grew more than 10 percent for the fi h consecutive year.1 Of course, as those firms grow and expand, they place an added—and changing—burden on the finance organizations that support them. Transaction volumes begin to climb. Workflows grow more complex. Real-time reporting requirements increase. And the demands to do more while holding the line on staffing and overhead become almost impossible to meet when you're trapped in a sea of spreadsheets, outdated information systems, and patchwork processes Maybe the challenges look familiar to you: • Lower productivity as finance gets bogged down with more manual data entry • Time-consuming global consolidations • A lack of visibility into project profitability • Bid to bill process disconnection across sales, project teams, and finance • Lack of confidence in being able to scale Today, more services firms are turning to Sage Intacct for modern, cloud-based financial management solution to accelerate financial processes and streamline operations The following pages of this white paper spotlight five services firms that have achieved success with Sage Intacct to transform their financial organizations through greater productivity, faster consolidations, increased visibility across projects, be er IT integration, and an ability to focus on higher-level strategic issues such as acquisitions. 1 h p://spiresearch.com/spi-research/reports/2016psmb.html Is Finance Ready to Meet the Mandate for Growth? Services Firms Take It to the Cloud Sage Intacct delivers the power of sophisticated financial so ware with the ease of use and cost-effectiveness of a cloud solution You get the best of all worlds: • Best-in-class, project-centric financial management solution—Everything from a multidimensional GL to cash management, project accounting and project resource management, revenue recognition, subscription billing, reporting, and analytics • World-class infrastructure— Automatic quarterly upgrades, disaster recovery, complete security, and more—all built in • Flexible integration—Our open architecture lets you work with your favorites, including Salesforce • Anytime/anywhere productivity—Built from the on a content note, we were always browser based, but not mobile friendly. In fact, up until around 2007, we only ran on Internet Explorer running on a PC. To say we were built from the ground up as a mobile friendly solution is a stretch. Many would argue that we still aren't very mobile friendly, unless you just want to approve payments and see dashboards. that lets you work from any location on any device at any time • A be er ROI—Easy per-user subscriptions without the hardware costs and IT investments for a lower TCO

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