Press Release

Intacct and Massey Consulting Help WebAssign Streamline Financial Processes and Increase Project Insights

Switch from Microsoft Dynamics to Intacct Delivers Intuitive, Flexible Project Accounting and Rich, Multi-Dimensional Visibility into Project Margins

WebAssign Logo
Because of Intacct’s ability to scale with us, we estimate our finance and HR teams are saving around $130,000 in annual salary costs.

SAN JOSE, Calif. – Sept. 9, 2014 – Intacct, a leader in cloud financial management and accounting software, and its implementation partner Massey Consulting, today announced that WebAssign switched from Microsoft Dynamics to Intacct for more flexible project accounting functionality. Intacct’s modern, intuitive solution helps the growing education technology provider save $130,000 in annual salary costs and gain comprehensive visibility into its organizational performance.

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

Previous Business Challenges Faced by WebAssign:

  • Growing need for a flexible web-based financial management system to streamline project accounting
  • Wanted a user-friendly solution that could automate time-consuming manual processes and reduce reliance on Excel
  • Needed richer, multi-dimensional reporting for greater transparency and visibility into time and expenses, project margins, and budgets
 

Results with Intacct:

  • Intuitive cloud solution modernized and streamlined financial processes, maintaining rapid 3-day monthly close
  • Saved over 500 hours annually by eliminating system workarounds 
  • Minimized finance staffing needs despite company growth, saving $130,000 in salary costs annually
  • Flexible reporting provided deep insight into hundreds of service projects for improved estimates and forecasting
 
Highlighted comments from Ellen Grantham, WebAssign’s vice president of finance:
“As we considered whether to continue working through our challenges with Dynamics GP or move to Intacct, we quickly became convinced that Intacct’s ease-of-use and anytime, anywhere accessibility would greatly benefit our entire team. We especially liked Intacct’s customizable dashboards and multi-dimensional approach to reporting, as well as the system’s online approval workflows, which would help us go paperless.”
 
“We’ve only had to add one full-time employee to our finance and accounting team despite our company’s double-digit revenue and headcount growth. Because of Intacct’s ability to scale with us, we estimate our finance and HR teams are saving around $130,000 in annual salary costs.”
 
“The most powerful benefit from Intacct is that now our very fiscally responsible management team isn’t held back by guesswork or concerns with going over budget. Now that they can look at their group’s financials every month and see how the decisions they make affect the company as a whole, they each feel more ownership over choices about where to spend our investments. As a result, we’re capitalizing on new business opportunities more quickly and hiring at a faster pace.”
 
 

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