Sage Intacct

Article Dean Dorton

When the Carolina Hurricanes were looking for ERP solution options, Massey Consulting stepped in to offer expertise. In their switch from Sage Platinum to a better fitting cloud-based solution, the Hurricanes wanted greater options in reporting, and data retrieval with maximum flexibility to provide details about all the unique event situations that often occurred at the PNC Arena.

Massey presented the Hurricanes with Sage Intacct –  a best-in-class cloud accounting solution. Sage Intacct’s dashboards, multi-entity reporting, greater depth of dimensions, real-time data transparency and paperless environment were huge must-haves for the Hurricanes.

With Massey’s help, once the Hurricanes were up and running they never looked back.

From the get-go they could access up-to-date information on all their departments and events quickly and effortlessly. With the transparency of the cloud, they could get in-depth data and analyze key financial performance information from the various revenue streams associated with their individual events.  Their financial teams could sort, label and categorize data with speed and flexibility.

“All the modules have met my expectations…There has not been any disappointments with (Sage) Intacct.” – Shaun Nicholson, Director of Finance, Carolina Hurricanes.

After switching to Sage Intacct, the Hurricanes saved time, and improved data retrieval and reporting.

With Sage Intacct’s dashboards, their key decision makers have budget vs. actual reports at their fingertips. Their paperless environment even allows them to skip report-sharing meetings because everyone already has the information they need, and can drill down as much as they like to access critical data with a click of the mouse.

In addition, the Hurricanes found Sage Intacct’s simple and intuitive User Interface – or UI, a great benefit during implementation, allowing the transition to the new software solution much easier than they ever anticipated. Its intuitive design made training easy for the Hurricanes end users.

Massey, with their expert team of accountants, along with Sage Intacct’s leading cloud solutions, together helped streamline the Carolina Hurricanes growing business complexities. Thanks to Massey’s discovery process and implementation excellence, the Hurricanes analyze their data with deeper dimensions for faster and more accurate decision-making, and more accurate reporting, and have simplified their chart of accounts.

“With (Sage) Intacct, we are always up-to-date on the latest improvements for our ERP solution. I do not have to worry about not receiving the updates or if we are using the most recent best practices – unlike our previous on-premise solution, where we would have to manually complete updates to stay current,” said Nicholson on Sage Intacct’s automatic software updates, thanks to the cloud.

If your business is feeling the squeeze of ill-fitting systems, now is the right time to look into your options. With the cloud, the possibilities are endless to modernize your financial processes, to start getting the critical data you need when you need it, and to discover better-fitting systems for your growing success.
Contact Massey today to find out how easy it can be to boost your financials to land a biscuit in the basket for your company too.

Article Dean Dorton

Business is booming. Your company is expanding, in what seems like no time at all.

Amidst the growth however, you’ve been noticing that it takes longer to close the books, that your team scrambles to mess with pivot tables and endless static excel spreadsheets to get answers today that you needed yesterday, and often, you can’t help but wonder how the competition is faring with their teams amidst their growth, too.

You know you that the right solutions for your company are out there.  But, as you stand in the dark with new problems and demands as a result of growth, you may not know just what solutions will best address them because your priorities look so different from even just a few years ago when your company was preparing for growth.

It wasn’t all that long ago when financial teams considered it more prudent to stick with tried-and-true systems in order to avoid risk, but now, with the advent of ever-changing technology, we are in a different age, and those same belief systems applied to an information-based market no longer apply.

In today’s market, to provide the best, most-up-to-date service, your business systems not only need to satisfy customers and compete with other industry leaders in your market but also must live up to your standards to offer fast, detailed, accurate information to make the most informed decisions needed to manage growth.

Yet with so many variables, it can be difficult for companies to make an informed decision as they aim to modernize their outdated systems. Making matters worse, many companies opt to stick to their current systems for fear of making an unwise tech decision for their company.

But playing it safe can be placing their businesses at risk in more ways than they might think.

According to Saugatuck Tech, 90% of all businesses are applying some cloud-related tech to change, improve and innovate their businesses.

GET THE FACTS

Just because you are entering into unexplored territory doesn’t mean that you have to push ahead uninformed.

We know the risks and we find solutions for companies that are blazing trails in their technical fields.  We know what the most tech-savvy businesses face as they grow.

“Finance at a Crossroads – The Risks of Standing Still” offers expert advice and risk factors involved in your company’s response to growth during this critical time of change for your business.

If you’re at a crossroads, switching to Sage Intacct-a best-in-class cloud accounting solution, can boost your business to be the best version of itself that it can be.  

Article Dean Dorton

  1. Expanded document approval capabilities. Previously, Intacct Employee users only had the capability to approve Purchase Requisitions. With Intacct’s 2017 Release 3 (effective August 18th), Employee users will now be able to approve Purchase Orders and Invoices. These changes provide the following new functionality:

 

  • Different approval work flows for different transaction types: Purchase Requisitions, Purchase Orders, and Invoices can each have their own approval process defined, based on the approval needs. For instance, Requisition approvals may be delegated to an employee manager level, so that approval requests to higher level management personnel is reduced. If the Requisition passes the employee manager level, and is then converted to a Purchase Order, management can then approve the Purchase Order.   Note: for those organizations that do not want to use Purchase Order Requisitions, they can keep the functionality of Employee user approvals by using a Purchase Requisition document relabeled as a Purchase Order.

 

  • PO Invoice approval – Previously, PO Invoices could not be assigned an approval process. When Purchase Orders were converted into a PO Invoices, there was no approval oversight before posting.  With Invoice approvals available in Intacct’s 2017 Release 3, those people most familiar with the transaction (i.e. employees, managers, department heads) can be assigned the task of electronically approving an invoice. Gone are the days of managers manually signing off on paper documents!  The same functionality for increasing levels of value and tiered approvals can also be applied to PO Invoice approvals.  An audit trail of each approval is maintained within Intacct.

 

  1. Redesigned Approval Setup – with Intacct 2017 Release 2 the Approval Setup screen has been changed to provide a more graphical representation of the Approval Process. Located in the Purchase Order / Setup / Purchasing Approval Policies page, users are presented with a grid of approval steps for each transaction type – Purchase Requisition, Purchase Order, and Invoices (below).