Company
The San Antonio Board of REALTORS® is the largest professional trade organization in San Antonio and represents over 10,000 members. SABOR manages about $10 million per year in annual revenue and has 35 employees.
Challenge
With about 190 invoices per month and 150 checks being issued, routing and storage of the Accounts Payable process are the driving factors. They have 5-6 different departments with 9 different approvers, and they want to automate this process. It currently takes SABOR between 5-10 days to close the month-end.
Another issue with the current system is that it is not capable of tracking and reporting on the locations, cost centers, and departments. In addition to limited reporting, the existing system requires data to be exported to excel to produce financial statements.
Solution
Today, with the implementation of Sage Intacct, SABOR is able to automate the Financial Reporting process allowing the entire staff to have more time in their day. Additionally, they now have the ability to route vendor invoices with attached images so all of their routing and storage of the Accounts Payable is streamlined and, they are looking forward to its integration capabilities.
