Customer Case Studies

Customer Profile | 1 Case Study: Cameo Global Executive Summary Results with Sage Intacct: • Avoided 2 FTEs and saved $100,000 in annual salaries • Shortened global consolidations from several months to just a few weeks • Cut a week of data entry each month Global Growth Drives Need for Efficiency and Operational Visibility For over twenty years, Cameo Global has provided Fortune 500 companies with the full lifecycle of IT services. With four different entities, and continued international expansion on the horizon, the company's prior system was unable to support global management and reporting capabilities. One of the biggest challenges for Cameo was managing its global consolidations and currency conversions in a timely manner. Because the company used multiple accounting applications worldwide, it previously took the internal team three to five months a er the end of every quarter to organize its global financial data in Excel and execute all currency conversions, before loading it into the accounting system at headquarters. "We did a thorough evaluation of Sage Intacct's cloud-based so ware and hosted options from Microso . We chose Sage Intacct due to its modern user interface and robust financial management functionality," said Mike Munson, controller at Cameo Global. "We were blown away by Sage Intacct's global consolidations capabilities and the flexible reporting and analytics, along with its overall scalability and the flexibility to plug into any other business system we needed." Improved Processes Eliminate a Week of Manual Data Entry Each Month Since implementing Sage Intacct, Cameo has grown from four to nine entities, from $20 to $55 million in revenues, from 300 to 1,000 employees, and from four to ten transactional currencies. "One of our biggest benefits from Sage Intacct is the consistency and reliability of our financial data," commented Munson. "We never could have handled this huge load without the system. It is a true testament to Sage Intacct's scalability, and we have confidence that it will continue to support our growth as we add more entities and increase transaction volumes in the future." By maximizing the speed and efficiency of all our financial processes, we've avoided hiring two additional full-time accountants – a savings of more than $100,000 per year. – Mike Munson, Controller, Cameo Global

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