The Knowland Group Manages Rapid Growth with Intacct’s Cloud Financial Management Applications

Intacct provides Knowland with a robust set of cloud financial applications that have transformed its financial processes and given the organization greater insight into its profitability, collections, budgets, and cash flow. With Intacct, Knowland has sped its monthly close by fifteen days and saved 120 person-hours per month by streamlining manual processes such as revenue recognition and consolidations.

After evaluating both Intacct and NetSuite, choosing Intacct was a no brainer for us. It offers the flexibility we need for our multi-entity business and easy integration with our other business applications – all at a fraction of the cost of NetSuite.
Jeff Haslow
CFO
The Knowland Group

Previous business challenges

  • Needed a flexible, full-featured financial management solution to streamline revenue recognition processes and support ongoing growth
  • Needed to integrate financial management with existing banking, credit card processing, budgeting, fixed asset, payroll and CRM systems
  • Required multi-entity, multi-currency capabilities to support inter-company transactions and global business management
  • Wanted customizable reporting and dashboard capabilities for greater visibility into financial data

Results with Intacct

  • Transformed manual revenue recognition, consolidations, and close processes for multiple entities, which sped monthly close by 15 days and saved nearly 40 person-hours per month
  • Seamless integration eliminated manual check processing efforts and saved an additional 80 person-hours per month
  • Maintained company’s rapid growth without increasing finance headcount
  • Improved business decision-making from greater insight into profitability, collections, budgets, and cash flow
INDUSTRY
  • Software & SaaS