Welcome To The Golden Age of Multi-Dimensional Cloud Financials
It wasn’t all that long ago that the thought of an accounting software system handling multiple locations, multiple currencies, multiple entities of ANY type – was a mere pipe dream. To make things worse, monthly and quarterly closes, and the ultimate end game of consolidating those multiple “things” turned the pipe dream to a nightmare.
Today, fortunately, financial software has more than caught up with the times, and many of our customers are experiencing the many benefits of the new “Golden Age of Multiples” from the leading mid-market cloud financial management solution from Sage Intacct.
Let’s begin by highlighting three of the biggest challenges and complexities of multi-location and multi-entity organizations, which unfortunately still exist in organizations that continue to rely on legacy accounting and outdated ERP software.
1. New entity setup. With Sage Intacct, new entities can easily be configured to have more open definitions than you’re used to experiencing in financial software, enabling you to extend or mimic your current chart of accounts, and finally be able to handle inter-entity transactions with ease. In addition, Sage Intacct’s innovative Multi-Dimension capability offers you an entirely new way to track and report on financial and operational data, while simplifying your chart of accounts.
“We were blown away by Sage 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. ~ CFO, STS International”
2. Handling closing and global consolidations. Continuing to use complex consolidation spreadsheets, rife with error-prone macros, would be an ineffective, old-school method that just can’t keep up with today’s fast-paced multi-entity and global consolidation requirements. Whether your performing month- or quarter-end closings, Sage Intacct’s automated processes perform multi-entity consolidations with just a few keystrokes.
“One of the most powerful features of Sage Intacct is its global financial consolidations. We have three entities with three currencies. The consolidation process before Sage Intacct was a very, very painful process that took approximately 30-40 hours a month. Now, our consolidation process is as close to a one-button consolidation as you can get.” ~ CFO, ProKarma
3. Handling multiple currencies and performing currency conversions. Sage Intacct uses real-time exchange rates to create accurate currency conversions and revaluations, enabling you to gain insight on currency gains and losses, as well as being able to view main office vs. local office currency perspectives.)
“Sage Intacct’s cloud-based system ended up as a clear choice over NetSuite because of its impressive multi-entity and multi-currency capabilities, as well as the great experience we had with the Sage Intacct team who showed a clear commitment to ongoing product enhancement and customer success.” ~ CFO, White Ribbon Alliance
If your mid-sized business has multiple locations, perhaps in other states (or other countries), or you struggle with multiple currency issues, or you’re just facing the same old entity consolidation headaches every month or quarter, Express Information Systems wants you to discover the benefits and advantages of Sage Intacct Cloud Financials. Contact us today to learn more about how we can make your life MUCH easier. Find out why this is what we do best – and why we refer to it as “Express Heart”.