{"id":20678,"date":"2023-10-16T10:42:24","date_gmt":"2023-10-16T14:42:24","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=20678"},"modified":"2024-04-19T07:14:27","modified_gmt":"2024-04-19T11:14:27","slug":"innovative-systems-scales-with-great-reporting-and-execution","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/innovative-systems-scales-with-great-reporting-and-execution\/","title":{"rendered":"Innovative Systems scales with great reporting and execution"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/category\/technology-innovation\/\" class=\"entry-header__link\">Technology &amp; Innovation<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tInnovative Systems scales with great reporting and execution\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2023-10-16T10:42:24-04:00\">October 16, 2023<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Innovative Systems scales with great reporting and execution\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/innovative-systems-scales-with-great-reporting-and-execution\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-us\/blog\/author\/david-appel\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/07\/David-Appel-headshot-2023-1.jpg\" class=\"entry-author__image\" alt=\"David headshot\" \/>\t\t\t\t<span class=\"entry-author__name\">David Appel<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"\">When Robert Merii joined Innovative Systems in 2021, a top priority was upgrading from an outdated QuickBooks system to a robust cloud financial-<s> <\/s>management platform geared for in-depth reporting and efficiency.&nbsp;<\/p>\n\n\n\n<p class=\"\">Innovative Systems offers enterprise software for broadband and utility providers to simplify operations, drive revenue growth, and provide a surprisingly great customer experience. Merii, director of finance at Innovative Systems used Sage Intacct previously. He had experienced firsthand how its automation and process improvements could transform finance and knew it would be ideal for Innovative Systems.&nbsp;<\/p>\n\n\n\n<p class=\"\">\u201cSage Intacct is very flexible, with an intuitive interface that allows you to do many different things and accommodate different needs across the business,\u201d says Merii, who ranks Sage Intacct over other systems he has used.&nbsp;<\/p>\n\n\n\n<p class=\"\">The results have been remarkable. In its first year on Sage Intacct, the South Dakota-based Innovative Systems has:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Eliminated 20 hours a month of manual account reconciliations&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cut monthly report preparation from four days to hours&nbsp;<\/li>\n\n\n\n<li>Reduced monthly close time 33%, or five business days&nbsp;<\/li>\n\n\n\n<li>Gained breakthrough visibility for revenue and expense forecasting&nbsp;<\/li>\n\n\n\n<li>Data and time to focus on margin and customer retention&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Reporting brings better visibility<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"\">Incisive dimensional reporting with Sage Intacct and its Contracts module is yielding insights not readily available with Excel spreadsheets and QuickBooks, delivering visibility for decision-<s> <\/s>making.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"\">\u201cThe standard reporting package we provide on a monthly basis is much more robust with Sage Intacct,\u201d Merii says. &#8220;I\u2019m able to provide detail-level P&amp;L statements sliced and diced by revenue types, what we\u2019re selling, and the location we\u2019re selling it from.&#8221;&nbsp;<\/p>\n\n\n\n<p class=\"\">Plus, Merii has new flexibility in customizing reports to unique stakeholder needs.&nbsp;<\/p>\n\n\n\n<p class=\"\">\u201cI can format those reports with just summary information for our executives, or detailed information for our sales reps to track how they\u2019re doing against budget,\u201d Merii says.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>New visibility into sales dynamics<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"\">Innovative Systems is capitalizing on its new visibility to drill into sales drivers and opportunities that are helping the business scale.&nbsp;<\/p>\n\n\n\n<p class=\"\">The Sage Intacct Contracts module contributes to efficiency and scale by automating contract renewal processes that previously were manually managed.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"\">\u201cSage Intacct has given us visibility into when contracts end, so our customer success team can be sure they\u2019re on top of renewal dates and reach out proactively,&#8221; Merii says.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Improved variance analysis and headcount planning<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"\">With better forecasting across its revenue stream, Innovative Systems can make informed, data-driven decisions on expenditures.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"\">\u201cIt all starts with your ability to forecast revenue,\u201d Merii says. \u201cSage Intacct has allowed us to plan much more diligently around headcount, which is a major cost driver.&#8221;&nbsp;<\/p>\n\n\n\n<p class=\"\">Plus, Innovative Systems also has new capacity to track budget versus<s>.<\/s> actuals at a line-item level to identify and manage cost and revenue fluctuations more quickly.&nbsp;<\/p>\n\n\n\n<p class=\"\">\u201cWe\u2019re able to track budget information right down to the vendor and customer level,\u201d Merii says. \u201cI can understand, by GL account and department, where our variances are so we can hone in. Before Sage Intacct, we couldn\u2019t recognize variances until after the fact.\u201d&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Automation frees time for reporting and innovation<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"\">Innovative Systems has newfound time to focus on analytics thanks to huge gains in accounting efficiency it\u2019s achieved with Sage Intacct.&nbsp;<\/p>\n\n\n\n<p class=\"\">The monthly reporting package used to take 4 days to compile: Now it\u2019s ready in a matter of hours. The monthly close is down from 20 to 13 days, a 35% improvement. Account reconciliations that required about 20 hours a month of manual spreadsheet work are now handled automatically in seconds, and bank recs and prepaid expenses are automated as well.&nbsp;<\/p>\n\n\n\n<p class=\"\">\u201cWe no longer have to do those reconciliations manually if the data is tagged correctly, and we put a big emphasis on that with the operational team,\u201d Merii says. \u201cIt\u2019s a huge time saver.&#8221;&nbsp;<\/p>\n\n\n\n<p class=\"\">Innovative Systems is also improving efficiency by integrating Sage Intacct with a Q Commission tool that automates sales commissions, Avalara, to automate sales tax compliance, and a Fyle expense management application. Next up, Merii plans to evaluate the Sage Intacct AP module to automate accounts payables.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Learn more<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"\">Innovative Systems is one of a growing number of software providers to adopt Sage Intacct, making us the #1 solution of choice for software companies outgrowing QuickBooks or migrating from a legacy system, according to <a href=\"https:\/\/nam10.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fupdate%2Furn%3Ali%3Aactivity%3A7004503179119788033%2F&amp;data=05%7C01%7CRobertM%40innovsys.com%7C78f05c3193624dea938908db4db4bff8%7C7a48ce45ee974a95ac183390878a179b%7C0%7C0%7C638189210941746773%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=rkzlFV3cPMkvUgUpLkuWAJmoUjq6sq%2BtcxRkVD%2BlzVo%3D&amp;reserved=0\" target=\"_blank\" rel=\"noreferrer noopener\">studies by The SaaS CFO<\/a>.&nbsp;<\/p>\n\n\n\n<p class=\"\">Find out what Sage Intacct can offer your company at <a href=\"https:\/\/nam10.safelinks.protection.outlook.com\/?url=http%3A%2F%2Fwww.sageintacct.com%2Feasyclimb&amp;data=05%7C01%7CRobertM%40innovsys.com%7C78f05c3193624dea938908db4db4bff8%7C7a48ce45ee974a95ac183390878a179b%7C0%7C0%7C638189210941746773%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=dp1DM0N3%2B8841U121BUIQ%2FqsJIynloPwRN1IGMnou9g%3D&amp;reserved=0\" target=\"_blank\" rel=\"noreferrer noopener\">bit.ly\/sageahead<\/a>, packed with resources on topics such as reporting, revenue recognition, subscription billing, SaaS metrics, and more.&nbsp;<\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to our Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get our latest business advice delivered directly to your inbox.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-ab515c6e-7e90-4c2f-a67e-113872516e8b\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"Working from home with tea in hand\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Discover how Innovative Systems have grown their business by improving their reporting and execution through Sage Intacct.<\/p>\n","protected":false},"author":1433,"featured_media":20018,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[48],"tags":[110,334,420,154],"business_type":[41],"lilypad":[],"context":[],"industry":[],"persona":[],"imagine_tag":[209,461,436,444,233],"coauthors":[599],"class_list":["post-20678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-innovation","tag-accounting-101","tag-automation","tag-cloud-financial-management","tag-technology","business_type-growing-business"],"sage_meta":{"region":"en-us","author_name":"David Appel","featured_image":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/shutterstock_614845427_c2222.jpg","imagine_tags":{"209":"Accounting","461":"Cloud","436":"Intacct Accounting","444":"Intacct Medium Business","233":"Medium Businesses"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice 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