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AcctTwo Blog

Sage Intacct Provides Transparency to Marinus

Like so many companies, Marinus chose to use QuickBooks at the outset. But as Marinus expanded operations, it found that QuickBooks did not meet its needs for internal controls, management reporting, and external reporting:

  • Journal entries could easily be overridden
  • The chart of account structure required for tracking expenses by department and project was cumbersome
  • The financial reporting and budgeting capabilities were very limited and led to time-consuming, manual manipulation outside the application

Marinus needed an accounting solution that would tackle these concerns and also provide controlled access to real-time information to internal and external stakeholders alike.

Topics: Accounting accounting software ERP IP Digital Transformation Customer Success Leap the Pond Sage Intacct

Continuity Breaks Free From Excel with Sage Intacct

Continuity’s rapid growth put pressure on the finance organization to keep up. Like so many companies, Continuity originally chose to use QuickBooks and was forced to rely on spreadsheets to maintain complicated revenue recognition schedules for multi-entity arrangements and to deliver management and investors typical SaaS metrics like CMRR, CAC, and churn.

When Alan Hurwitz joined Continuity, he recognized the importance of putting in place the accounting infrastructure to support the company’s growth and at the same time offer a compelling value proposition (i.e. measurable ROI.) His auditing firm, Fiondella, Milone & LaSaracina, recommended that he talk to Leap the Pond. After Alan reviewed all his options, he decided that AcctTwo and Sage Intacct was the best fit – from both a functionality and cost standpoint.

Topics: Accounting accounting software ERP Digital Transformation Customer Success Leap the Pond Sage Intacct

Your Growing Church Needs a Better Perspective on Accounting

A growing church is a blessing, but can be a challenge too. When membership soars from a few hundred to a few thousand church operations take on an entirely new character. Accounting becomes far more complex as both donations and expenses multiply. Plus, administrators have to juggle that extra accounting on top of the day-to-day needs of an expanding ministry. Needless to say, growing pains are common.

Topics: Church Accounting Software Faith-Based Not-for-profit Industry

Why Everyone is Updating Their Accounting Software Right Now

New research shows the accounting software market will grow to $11.8 billion by 2026, up from just $5.7 billion in 2017. The expansion is impressive but not really surprising considering that most companies are going through a digital transformation right now. But what gets lost in that explanation is that new accounting software is about more than just a tech upgrade.

Topics: Accounting accounting software ERP Digital Transformation

The Subscription Model is Better for You as a Customer and for Your Business

At a certain point every business has to upgrade its accounting software. Solutions like QuickBooks may be adequate to start, but not once businesses begin to grow and diversify. Committing to an upgrade is an important step for future success. The question is what kind of upgrade to pursue.

In the new book “Subscribed: Why the Subscription Model Will Be Your Company’s Future—and What to Do About It,” author Tien Tzuo argues that services are becoming more important than products. Most of us already rely on services like Netflix or Amazon Prime, and the idea of paying for access rather than ownership will soon become standard.

Topics: Subscription Billing Subscription-Based Revenue Software as a service SaaS

United Way Senior Director of Finance Takes Full Advantage of Cloud Accounting

This year, United Way of Central Indiana (UWCI) celebrated an impressive milestone — 100 years of fighting for the education, financial stability, health and basic needs of everyone in the Central Indiana community, with a special focus on people and families who are living in or are one step away from poverty. The United Way movement began 131 years ago in Denver, Colorado, when several leaders in the religious and human service sectors had united around one cause: helping to serve people who were living in poverty. In April of 1918, the United Way movement arrived in Indianapolis in the form of a “War Chest.” The gigantic Chest was placed on the steps of Monument Circle, and a campaign to raise contributions involved every person in the community. The result: more than $3 million ($50 million in today’s dollars) was collected and donated to dozens of charities and relief organizations throughout the region. Since 1918, UWCI has worked with more than 80 agencies that serve the critical needs of the community.

Topics: Not-for-profit Industry Social Services Customer Success Sage Intacct

How SaaS CFOs Leverage Finance Automation

Bowery Capital’s annual Finance and Ops Summit draws hundreds of finance leaders from fast-growth SaaS companies, many of which are seeking to upgrade their financial foundation to deliver a higher level of reporting and forecasting.

Several CFOs from great growth companies that have relied on Sage Intacct cloud financials shared their experiences about how they transitioned from QuickBooks to streamline their financial operations and address key decisions around forecasting, SaaS metrics, subscription billing, and revenue recognition. 

Topics: Accounting accounting software ERP Digital Transformation Customer Success Sage Intacct Finance Automation RPA ERP Cloud

How to Convince Your Exec Team It’s Time to Switch Cloud Accounting Software

It’s likely that when your company was started or founded that your executive team went with the easiest, quickest, and most cost-friendly solution to handle its accounting needs just to get things started. But the truth is that start-ups outgrow the tools that launched the company. Not only can your old system be outdated, but ability to handle higher volumes of work might even be inhibiting your ability to grow.

Topics: Accounting accounting software ERP Digital Transformation Customer Success Sage Intacct Finance Automation RPA ERP Cloud cloud accounting Accounting SaaS

Two Organizations Join Forces to Better Support Mid-market Finance Transformation

We're very excited to make public our announcement that AcctTwo has acquired Leap the Pond. This is the joining of Sage Intacct's strongest partner for five years running with another one of Sage Intacct's top partners to better serve mid-market companies and nonprofit organizations. The acquisition represents two very similar cultures focused on customer success and providing cutting edge accounting and financial management technology as well as managed accounting services to organizations struggling with legacy systems, manual processes, and a lack of real-time visibility into financial and operational data. To learn more about the acquisition, read the press release.

Topics: Acquisition Leap the Pond Accounting SaaS Strategy Sage Intacct ERP Cloud

What’s New in the Winter 2018 Release of Sage Intacct's SaaS Platform?

I’m excited to share that Sage Intacct has just launched the latest version of our award-winning cloud financial management software—Sage Intacct 2018 Release 4.

Complexity in our modern world is everywhere. Some might argue that Accounting and Finance have more than their fair share of it. We love simplicity, but we don’t want to be restricted. Sage Intacct was built to take the hard-to-do nature of accounting and make it simple. Over time, we’ve added capabilities to make it comprehensive, auditable and scalable.

Topics: Accounting Accounting SaaS Managed Accounting Services (MAS) Intacct Releases cloud accounting Release Winter Release 2018