Press Release

Growing Senior Care Company Switches to Intacct for Improved Financial Processes and Visibility

Personal Healthcare Gains Flexible Multi-Entity Management with Intacct’s Cloud Financial Software

Personal Healthcare Logo
Thanks to Intacct, we’ve been able to bring more accounting in-house, and avoided hiring another 1.5 employees that we would’ve needed to keep up with our growth – at a savings of around $80,000 each year

SAN JOSE, Calif. – March 5, 2015 – Intacct, a leader in cloud financial management and accounting software, today announced that Personal Healthcare LLC implemented Intacct to gain a scalable financial system to support its growth.  With Intacct, the senior care company’s multiple facilities realized increased productivity across key financial processes such as accounts payables, financial close and consolidations, bank reconciliations, payroll, and reporting.  In addition, Intacct’s reporting and analytics capabilities enable Personal Healthcare to gain improved financial and operational insight across the organization.

In a new case study published today, Intacct highlights the results Personal Healthcare achieved by switching to Intacct’s cloud financial applications. The full case study is available for download at: https://us.intacct.com/customer-success-stories/personal-healthcare. Here is a quick overview of the profile:

Previous Business Challenges Faced by Personal Healthcare:

  • Wanted a robust financial management solution to streamline manual financial processes
  • Required a user-friendly application to more effectively manage accounts payables across multiple facilities
  • Needed multi-dimensional visibility into profitability and key operational metrics
  • Wanted a trusted advisor to support implementation and integration with existing systems
     

Results with Intacct:

  • Shortened monthly close from one week to one day by automating financial processes
  • Saved over 400 person-hours annually by eliminating manual data entry and Excel-based financial reporting
  • Minimized finance staffing needs despite company growth, avoiding $80,000 in annual salary costs
  • Gained rich insight into key financial and operational trends across multiple entities, departments and other dimensions

 

Highlighted Comments from Israel Ostrovitsky, Personal Healthcare’s controller:

“We chose Intacct over healthcare industry solutions and Sage 500 ERP because it was immediately clear that it would be incredibly easy for all of our staff to use, and it allows us to configure the system to our very specific needs.”

“Thanks to Intacct, we’ve been able to bring more accounting in-house, and avoided hiring another 1.5 employees that we would’ve needed to keep up with our growth – at a savings of around $80,000 each year.

“Intacct gives us the flexibility to customize virtually any report and analyze our financial data using key operational metrics like cost per-patient-per-day – a measure that’s extremely important in a business as specialized as senior care.”

“Because of Intacct, we are now a much more agile business – making better, faster decisions about how to improve revenues or minimize expenses.”

Additional resources:


About Intacct

Intacct is the customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter, Instagram, Google+, and YouTube.

Media contacts

Peter Olson

Phone: 408-878-0951
Email: polson [@] intacct.com
Twitter: @Intacct_Peter

Brittany Benson

Phone: 408-620-3938
Email: bbenson [@] intacct.com
Twitter: @brittanybbenson

Finn Partners

Phone: 415-905-4000
Email: intacctteam [@] finnpartners.com
Twitter: @finnpartners