Companies of all sizes and industries enjoy a unique business advantage with Intacct. To better understand how you can benefit from our on-demand financial applications and web based accounting, read what our customers have to say.
OpSource
Challenges:
- Needed support for multi-entity and multi-currency management
- Wanted improved revenue recognition processes and better reporting
- Looking to integrate its CRM and financial applications to improve operations
Results with Intacct:
- Global business management capabilities support financial operations in four locations worldwide
- Enhanced reporting and analytics improves business insight
- Shortened close and consolidation process from weeks to just days
- Automated revenue recognition process improves efficiency
- Tight integration between Intacct and Salesforce streamlines processes
Acceller
Challenges:
- Growing company required improved financial controls and richer reporting capabilities than what they were getting from QuickBooks
- Wanted a scalable financial management system to support needs now and into the future
- Needed an easy-to-use and reliable solution that didn't require an expensive investment in IT
Results with Intacct:
- Combination of "out of the box" and custom reporting provides much-needed business insight
- On-demand platform and supporting documents capabilities ensures remote staff has complete access to information
- Flexible applications ensures company can make changes as needed, without costly IT support
Bulk TV & Internet
Challenges:
- Looking to integrate its CRM and financial applications to improve operations
- QuickBooks often crashed and required
regular IT intervention - Wanted to eliminate the need to export data to Microsoft Excel for reporting
Results with Intacct:
- Fast and easy integration with Salesforce CRM delivers improved lead-to-cash process
- Improved contract management and renewals process improved efficiency, eliminating need to add accounting staff
- Better reporting and real-time access to key business metrics facilitates more strategic decision-making
Voltage Security
Problem
Voltage Security needed a robust, scalable solution that would meet the financial management needs of a growing company.
Solution
Voltage Security chose Intacct's Web-based financial management applications for the following reasons:
- A Web-based accounting solution alleviates the need to maintain internal IT infrastructure and support.
- Anytime, anywhere access provides convenience to telecommuters and road warriors.
- Advanced reporting allows finance staff to summarize data and disseminate reports among other departments.
- Multicurrency functionality supports consolidation of Voltage Security's overseas subsidiaries.
Result
Easy to implement and customize, Intacct's financial management applications has been Voltage Security's solution of choice since the company's inception in 2002. Voltage Security was particularly drawn to Intacct's Web-based delivery, which saves the company the expense and distraction of maintaining IT resources in order to host and support the accounting system.
Aicent
Problem
Aicent needed a uniform financial platform with multi-entity and multi-currency support to manage its increasingly complex finances.
Solution
Aicent chose Intacct's Web-based financial management applications, which delivered the following key capabilities:
- Multi-entity functionality with real-time consolidation of accounts
- Automatic currency conversion for accounts from overseas operations
- Web-based accounting solution for lower IT support costs
- Anywhere, anytime access with real-time business intelligence and decision support for mobile executives
Result
Fully implemented within 60 days, Intacct's Web-based financial management solution has delivered faster access to mission-critical financial data. For example, it has pared the time for Aicent to close its consolidated financials from several weeks to less than two weeks. Moreover, Aicent's overall IT support costs are much lower now. Further productivity gains are also possible through distributing some financial data processing tasks to overseas locations where labor costs are lower.
Cardinal SW Houston, LP
Problem
Cardinal needed a flexible and open financial management solution that would also support the company's multi-entity organization.
Solution
The Intacct Web-based financial applications provides Cardinal several keys advantages:
- Freedom to add stores quickly without interruption to the company's existing financial system
- Powerful analytics and reporting capabilities to optimize business performance in real time
- An open architecture that supports integration with POS and other IT systems
- Web-based delivery with permission controls for anytime, anywhere access by local stores, regional managers, and corporate personnel
Result
Within the first 2–3 months of use, Intacct's analytics capabilities have enabled Cardinal to study its business on a line-item basis, extract key data, and make superior strategic-planning decisions.
Platinum Hospitality Management
Problem
Company struggled to control the increasing labor costs of managing a growing hotel chain in Texas and Tennessee.
Solution
Instead of a $150,000-a-year client/server system, Platinum Hospitality chose Intacct's Web-based financial and supply chain applications for its key capabilities:
- Multi-entity functionality to centrally run the hotel chain's back-end tasks
- Advanced business analytics to gauge real-
time business performance - Web-based solution for lower IT costs and
anywhere, anytime access
Result
Instead of hiring at least 10 full-time accountants to staff each hotel, the company realized annual savings of about $400,000 by managing financials from the company's headquarters with only two employees.
Navis Logistics Network
Problem
The company's franchised warehouses and retail outlets operated on a slew of disparate accounting and ERP systems, which slowed responsiveness to market changes, impeded cost-saving efforts, and drained resources from core business operations.
Solution
Instead of a jumble of premise-based ERP and accounting systems used by Navis's 150 franchisees, the company standardized on a single Web-based solution from Intacct for the following business advantages:
- Multi-entity functionality with real-time
store-by-store analysis - Single view of franchise network
- Real-time store-by-store analysis
- Web-based collaboration
- Multi-currency consolidation
Result
Financial management, including royalty collection, is integrated with day-to-day operations, allowing local operators to focus attention on sales, not paperwork. With the latest financial data at its finger tips, Navis can quickly adapt to market changes and build stronger relationships with national customers, key suppliers, and other strategic partners.
Regent Entertainment
Problem
Rapid growth and a more complex corporate structure were impeding Regent's agility in the fast-moving entertainment industry. The company couldn't wait two to three months to install a costly in-house system at its newly opened New York office.
Solution
Regent chose Intacct's on-demand financial management applications to gain a single, unified, real-time view of all its affiliates. The company also prizes the freedom it gets from the Intacct solution to scale without adding costly hardware, software, or IT personnel. Other motivators for favoring Intacct's applications were its multi-entity functionality and support for real-time collaboration.
Result
Intacct's on-demand financial management applications enables Regent to scale and adapt its network of businesses with real-time visibility and Web-based collaboration. The company was able to deploy Intacct to its New York affiliate in less than a week.
SchoolDude.com
SchoolDude.com, a Software as a Service provider of educational facility operations, linked Intacct and Salesforce. This allowed them to generate complete customer records, maintain a customer satisfaction rating of 97%, eliminate data re-entry and to share customer intelligence across the company for better decision making.
"We make a change in Salesforce and the data is instantly updated in Intacct, and vice versa. We now have a centralized repository for all our front-office and back-office data. Order Management for salesforce.com serves as the hub of our business, allowing us to better serve the national educational market."
Kent Hudson, CEO, SchoolDude.com
TeleManagement Forum
Problem
TM Forum wanted to mesh its global financial operations, connecting the New Jersey headquarters with its subsidiary and satellite locations in Europe and Asia. Rapid expansion called for a scalable Web-based solution with advanced reporting and business process automation capabilities.
Solution
TM Forum chose Intacct's Web-based financial applications to manage its subsidiaries and satellites. Key considerations in the selection of the Intacct solution included:
- Multi-entity functionality
- Multi-currency consolidation
- Real-time business intelligence
- Advanced financial reporting
- Business process automation
- Scalable infrastructure
Result
With staff in the United States, United Kingdom, Ireland, France, Greece, Malaysia and China, TM Forum uses Intacct to consolidate multiple currencies and review real-time financials across all operations using a Web browser.
Fast Eddie's Sports Grill
Problem
Using NetSuite, Fast Eddie's lacked financial visibility and GAAP required corporate controls for its restaurant chains. Further, as the business grew, more and more resources and staff time were being diverted from the core business.
Solution
Fast Eddie's chose Intacct, provider of the only Web-based financial and supply-chain management solution with multi-entity functionality. Other key attractions of the Intacct solution included:
- A 360° single view of the licensee network
- Advanced real-time reporting for store-by-store analysis
- Web-based collaboration between headquarters and on-site managers
- Automatic allocations to update data across all establishments with a single journal entry
Result
Fast Eddie's can now make critical business decisions based on real-time store-by-store comparisons and multi-entity consolidation. Redundant data entry is eliminated and corporate governance ensured, freeing the company to focus its limited resources on operating successful pool halls and restaurants.
3balls.com
Problem
With 3,000 new channel partners, 3balls.com needed to upgrade its financial system to increase staff productivity and gain better insight into costs and revenues.
Solution
Rather than paying $150,000 a year for a client-server system, 3balls.com selected Intacct's on-demand financial application for its key capabilities:
- Web-based solution for anywhere, anytime access
- Real-time business intelligence for better decision making
- Open source integration platform to fuse front and back end
Result
Intacct helped 3balls.com increase productivity by 25%. Processing 200-400 customer orders a day, 3balls.com trimmed time spent on financial tasks from 12 hours/week to 4 hours/month. Managers see up-to-the-second financial data on products, customers and internal activities.
Odyssey Thera
Problem
Odyssey Thera needed a seamless transition to a new financial system that would improve reporting and scale as the company grows.
Solution
Odyssey Thera leveraged Intacct's on-demand financial applications for three key reasons:
- Ease of implementation
- Excellent built-in internal controls and compliance processes
- Anytime, anywhere Web-based access
Result
The decision to subscribe to Intacct's 24 x 7 on-demand solution eliminated the need to deploy hardware, install software and dedicate IT staff to security, backup and maintenance tasks. Intacct further saves the company some 50 hours per month on processing purchase orders, invoices and other administrative tasks and frees staff to focus on more strategic projects. Meanwhile, work flow is more efficient, reports comply with audit standards and revenue is higher.
