STS International uses Intacct to streamline financial processes and increase global business visibility

Intacct supports STS International’s rapid growth through increased productivity and a reliable, comprehensive view of global operations and projects. Intacct’s best-in-class financial applications have helped the IT services company to dramatically speed consolidations and reporting across four global entities, streamline payroll processes, and optimize project profitability and labor costs.

We were blown away by 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.
Mike Munson
Controller
STS International

Previous business challenges

  • Fast growing services company wanted a flexible and full-featured financial management and accounting system to support ongoing growth
  • Required multi-entity, multi-currency capabilities for automation of time-consuming, complex manual consolidations and other processes
  • Needed to integrate accounting software with existing business applications to reduce manual data entry and improve data accuracy
  • Looking for robust reporting and dashboard capabilities to gain greater visibility into labor costs and project profitability

Results with Intacct

  • Increased productivity and minimized finance staffing needs despite company growth, avoiding 2 full time employees and saving $100,000 in annual salary costs
  • Shortened global consolidations from several months to just a few weeks, and automated currency conversions
  • Cut a week of data entry each month through integration with ADP, Concur, Kronos, and credit card processing systems
  • Provided greater insight into financial and operational trends across multiple dimensions via flexible, real-time reporting
  • Enabled data-driven decision making with accurate, timely information for optimizing project profitability and billing utilization
  • Gained self-serve capability for business leaders, eliminating time consuming report creation for the finance team