Case Studies

Chaney & Associates

Challenges

• Firm was using an inefficient accounting program that was too cumbersome for its clients to use and required the firm’s staff to spend countless hours producing special manual reports for each client
• Firm was spending $5,000 - $6,000 a month in staff hours and courier fees
• To provide more strategic and more profitable controllership and CFO services
• To expand its not-for-profit niche practice and expand into other verticals
• To improve workflow and real-time collaboration with clients

Results

• Firm doubled its revenue (89% growth) within 2 years of moving its practice to a cloud-based accounting solution
• Reduced operating costs and paperwork, eliminating $5,000 - $6,000 a month in staff hours and courier fees by implementing a cloud-based accounting solution

• Gained better visibility into its clients' financials with customized, real-time financial reports and dashboards to provide more strategic and more profitable controllership and CFO services. This has become the firm’s core marketing asset in attracting new clients.

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Consulting Radiologist Ltd. & LarsenAllen

Challenges

• Wanted a flexible and full-featured financial management and accounting system to streamline financial processes
• Needed to more effectively manage multiple business entities
• Must maintain HIPAA compliance and deploy high levels of security and privacy
• Wanted a trusted advisor to help with selection and implementation

Results

• Transformed consolidations and close processes for its multiple entities to save time and effort
• Created customized reports to ensure company has better financial visibility and instant access to the right information at the right time
• Leveraged LarsonAllen’s knowledge and industry expertise to customize Intacct to meet specific organizational needs

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LarsonAllen LLP

John Wooldridge, Principal, LarsonAllen

Challenges

• Growing, successful professional services firm needed a consistent process for accounting software or hardware maintenance
• Industry shortage of staff resources demands maximum staff efficiency
• Wanted to eliminate time-consuming and paper-intensive exchange of data with clients
• Managing, upgrading and supporting multiple accounting applications per client

Results with Intacct

• Clients receive faster and more proactive service, including automated notifications about their financial operations
• Staff is no longer required to grapple with data in multiple formats and has a consistent process for accounting services
• Anytime, anywhere access to real-time data ensures clients and staff have information at their fingertips

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N. Cheng & Company

Challenges

• Looking for a way to gain anytime, anywhere access to client data and better reporting
• Needed a sophisticated financial management system that would help automate and improve critical financial processes
• Looking for a Software as a Service solution that provided maximum flexibility while requiring minimum support

Results with Intacct

• Gained real-time access to client data from anywhere, improving efficiency and increasing collaboration
• Greatly improved reporting ensures the company can offer strategic advice to clients looking to maximize their success
• Flexible, on-demand financial management solution doesn't require deploying and maintaining software

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XBS Global

Problem
Entering the highly competitive accounting outsource market, XBS Global needed a cost-effective and secure accounting/ERP platform to serve clients.

Solution
Instead of server-based software, the firm built its outsourcing practice on Intacct's web-based accounting software solution to benefit from:

• Multi-entity accounting functionality to manage all clients with one web-based software system
• Real-time business intelligence and advanced financial reporting to offer high-margin client services
• IBM e-business Hosting services to protect customers' data on the Web

Result
Intacct's IBM-backed financial applications saves XBS Global up to $250,000 in IT and labor costs. Customers rest easy with critical data stored at Fortune 100 data centers.

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SS&G Financial Services

Problem
SS&G needed a solution to profitably provide world-class accounting outsource services to restaurant franchise chains around the country.

Solution
Instead of an expensive in-house client-server system with associated maintenance and IT support costs, SS&G chose Intacct's Web-based accounting and financial management suite for the following key capabilities:

• Multi-entity functionality that centralizes accounting for the franchisor and grants permission-based access to franchisees
• Real-time business intelligence so corporate personnel have a 360° view of the company
• Support for source document attachment, allowing Web users to quickly view actual invoices, bank statements, and other associated documents

Result
Intacct's suite of on-demand applications enables SS&G to remotely manage the finances of national restaurant franchises from its Cincinnati head office. As a result, the company was able to grow its accounting outsource practice by more than 75% in the first year of using the Intacct web-based accounting software system.

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Haney Accountants, Inc.

Problem
Haney Accountants needed to offer new financial services to satisfy its growing clientele—services such as report generation, AR/AP and statement consolidation.

Solution
As QuickBooks reeled under the weight and complexity of its business, Haney turned to Intacct for help. Intacct's Web-based suite of accounting and financial management applications delivered the functionality the firm needed, specifically:

• Online report delivery, which allows remote staff to access relevant information via a Web browser
• Support for document attachment, allowing users to quickly view actual invoices, bank statements, or other associated documents
• Multi-entity capability that centralizes accounting for customers scattered throughout the state

Result
The Intacct suite of on-demand financial management applications powered Haney Accountants business model of remotely delivering controllership services. With Intacct, the company is now able to increase sales by 100% without any increase in headcount.

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Accounting Outsource, Inc.

Problem
AOi required a cost-effective Web-based accounting solution to successfully compete against regional and national accounting firms for franchises and other multi-entity clients.

Solution

• Multi-entity functionality
• Real-time business intelligence
• Source document attachment

Result
Intacct saved AOi at least $200,000 over installing a client-server system. AOi increased productivity by 30 percent and plans to triple its outsourced accounting customers within a year.

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The NDH Group

Problem
The NDH Group needed a Web-based accounting and ERP system with integrated Professional Services Automation (PSA) applications.

Solution
Instead of deploying an in-house client/server system with associated hardware, software, and support costs, The NDH Group chose Intacct's Web-based accounting software solution. In addition to including a powerful professional service automation module, Intacct's solution offered the company the following key capabilities:

• Web-based collaboration
• Process integration
• Utilization tracking and financial metrics

Result
Intacct has allowed The NDH Group to provide powerful reporting, process automation, and outsource solutions to corporate clients.

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