{"id":9917,"date":"2021-10-14T15:22:00","date_gmt":"2021-10-14T19:22:00","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=9917"},"modified":"2026-02-12T04:35:15","modified_gmt":"2026-02-12T09:35:15","slug":"sage-intacct-helps-hollywood-institution-boost-business-agility","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/sage-intacct-helps-hollywood-institution-boost-business-agility\/","title":{"rendered":"Sage Intacct helps hollywood institution boost business agility"},"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\/accountants\/\" class=\"entry-header__link\">Accountants<\/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\tSage Intacct helps hollywood institution boost business agility\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<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=\"2021-10-14T15:22:00-04:00\">October 14, 2021<\/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=\"Sage Intacct helps hollywood institution boost business agility\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/sage-intacct-helps-hollywood-institution-boost-business-agility\/\"\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<\/header>\n\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\/andrew-sevillia\/\">\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\/2022\/08\/andrew_sevillia_profile.jpg\" class=\"entry-author__image\" alt=\"Andrew Sevillia\" \/>\t\t\t\t<span class=\"entry-author__name\">Andrew Sevillia<\/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>A family-run business for more than 60 years,&nbsp;Raleigh Enterprises&nbsp;is a real estate-based service company that\u2019s headquartered on the iconic Raleigh Studios lot in Hollywood (home to Charlie Chaplin). The 30-entity organization operates a luxury hotel, film and television studios, a vineyard, and a record storage and management company, as well as other investments spanning office buildings, commercial shopping centers, luxury single-family estates, and condominium complexes.<\/p>\n\n\n\n<p>The other day, we caught up&nbsp;with&nbsp;<a href=\"https:\/\/www.sage.com\/en-us\/sage-champions\/\n\" target=\"_blank\" rel=\"noopener\">Sage Intacct Champion<\/a> and corporate director of finance at Raleigh Enterprises, Robert Schubert, to find out about the company\u2019s experience migrating to Sage Intacct after nearly 20 years using&nbsp;Sage 300.<\/p>\n\n\n\n<p>In&nbsp;our latest customer story, Schubert shared the benefits Raleigh gained by establishing a new multi-entity financial system of record on Sage Intacct:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"background-color: transparent;\">Increased finance team efficiency by 25%<\/span><span style=\"background-color: transparent;\">\u00a0<\/span><\/li>\n\n\n\n<li>Sped quarterly consolidations by 50%<\/li>\n\n\n\n<li>Boosted productivity through automation, allowing team to absorb attrition<\/li>\n\n\n\n<li>Saved $60,000 annually in finance salaries<\/li>\n\n\n\n<li>Gained business agility through granular visibility into performance<\/li>\n<\/ul>\n\n\n\n<p>With varying business requirements for each individual entity, the company\u2019s finance team knew they needed a flexible, robust system that could streamline processes. They turned to their consulting partner,&nbsp;<a href=\"https:\/\/www.rklesolutions.com\/\" target=\"_blank\" rel=\"noopener\">RKL eSolutions<\/a>, who recommended a&nbsp;move to Sage Intacct&nbsp;in the cloud. RKL helped Raleigh implement the new system and automate tasks like intercompany transactions and allocations, accounts payable, accounts receivable, bank reconciliation, budgeting, and financial reporting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-freeing-up-finance-for-more-productive-flexible-hybrid-work\">Freeing up finance for more productive, flexible hybrid work<\/h2>\n\n\n\n<p>With all of these paperless workflows, Raleigh\u2019s finance team was able to boost their efficiency by 25-50%, absorb attrition, and save around $60,000 in annual headcount costs. And since they no longer had to deal with getting stacks of checks signed or logging into servers on the corporate network, the team felt well-prepared when the pandemic hit last year.<\/p>\n\n\n\n<p>\u201cBefore, we were limited in the number of tasks we could do from home, but now, we can do everything we need and work hybrid schedules that alternate between our home office or work office,\u201d Schubert shared. \u201cDuring COVID-19, in particular, having the system in place was critical to our success. I\u2019ve been very proud that we were able to keep the lights on without missing a beat. Sage Intacct just provides our team with better ways to do our work.\u201d<\/p>\n\n\n\n<p>The modern financial management solution was also key during the Paycheck Protection Program (PPP) application process last year. \u201cSage Intacct\u2019s on-the-fly ability to tag specific types of expenses was really&nbsp;helpful when we were applying for the PPP loan. We were able to&nbsp;track all our non-labor-related costs, like rent and utilities, and provide the tremendous amount of detail that was required to file our forgiveness application,\u201d said Schubert.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-connecting-nbsp-best-in-class-financial-tools-for-streamlined-workflows\">Connecting&nbsp;best-in-class financial tools for streamlined workflows<\/h2>\n\n\n\n<p>Raleigh also extended the financial platform with several applications from the Sage Intacct marketplace. After adopting the&nbsp;<a href=\"https:\/\/marketplace.intacct.com\/MPListing?lid=a2Di00000009B3WEAU\" target=\"_blank\" rel=\"noopener\">Nexonia<\/a>&nbsp;add-on for expense management, the team no longer had to worry about how to allocate credit card expenses across the company.&nbsp;Schubert&nbsp;appreciates that when stakeholders look into the general ledger, they can now see individual expense details assigned to the correct entities and departments, rather than just a giant expense with a general description.<\/p>\n\n\n\n<p>In addition, Raleigh\u2019s&nbsp;File Keepers&nbsp;business uses the&nbsp;<a href=\"https:\/\/marketplace.intacct.com\/MPListing?lid=a2D0H000000CDEJUA4\" target=\"_blank\" rel=\"noopener\">Versapay<\/a>&nbsp;tool to pull all of its many receivables transactions into Sage Intacct. Finally, the central finance team saves time by using the&nbsp;<a href=\"https:\/\/marketplace.intacct.com\/MPListing?lid=a2Di00000009BKWEA2\" target=\"_blank\" rel=\"noopener\">PositivePay<\/a>&nbsp;connector to upload files to their bank. \u201cI used to have stacks of checks on my desk to sign,\u201d remembers Schubert. \u201cNow, we&#8217;re using Sage Intacct\u2019s payment approval workflows and we have the signatures uploaded, so each location can just print their own checks once they\u2019re approved. We don&#8217;t get calls from vendors looking for payments very often anymore, because that whole process is a lot better now.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-driving-more-informed-budgeting\">Driving more informed budgeting<\/h2>\n\n\n\n<p>The business now has clear insight into its financial performance, which helps the owners as they consider strategy changes to continuously improve profitability. Whenever Schubert gets requests for specific financial details, he\u2019s able to respond promptly and notes, \u201cSage Intacct has been very helpful in supporting better, more timely communication with our owners.\u201d<\/p>\n\n\n\n<p>The system\u2019s multidimensional structure also helps each entity and function closely track their performance\u2014not just at the hotel-level, but down to the food and beverage department, or even individual restaurants and bars on a property. This supports Raleigh\u2019s budgeting process, which often brings up&nbsp;questions about historical trends.<\/p>\n\n\n\n<p>\u201cI&#8217;ll sit in budgeting meetings with my computer and department managers will ask for deeper explanation about why something like a particular production expense was so much higher. Now I can answer those questions in&nbsp;real time,\u201d commented Schubert.<\/p>\n\n\n\n<p>He shared a current example&nbsp;where the company is renovating 40 villa style rooms in a 153-room luxury hotel, noting, \u201cI\u2019m tracking the spending we&#8217;re doing at the fixed asset level, and breaking it out into different types of expenditures. I created a project for the room renovation and, under that, have sub-departments for renovation expenses like subcontractors, labor materials, professional fees, and internal labor. This gives us a better sense of how close we\u2019re keeping to the budget that we laid out for ourselves.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sage.com\/en-us\/sage-business-cloud\/intacct\/product-capabilities\/extended-capabilities\/financial-reporting\/multi-dimensional-system\/\n\" target=\"_blank\" rel=\"noopener\">Sage Intacct dimensions<\/a> also make it easier for the team to get the company\u2019s audit and tax preparation processes down to a science. Finally, Raleigh uses statistical accounts to add operational context to financial reports. \u201cWe have this diverse set of businesses, each with different reporting needs,\u201d shared Schubert. \u201cBut, thanks to Sage Intacct, we\u2019ve had no trouble compiling&nbsp;the information they need, whether that\u2019s revenue per available room, hotel occupancy percentages, market segmentation, or average check in the restaurants.\u201d<\/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>A family-run business for more than 60 years,&nbsp;Raleigh Enterprises&nbsp;is a real estate-based service company that\u2019s headquartered on the iconic Raleigh Studios lot in Hollywood (home to Charlie Chaplin). The 30-entity organization operates a luxury hotel, film and television studios, a vineyard, and a record storage and management company, as well as other investments spanning office [&hellip;]<\/p>\n","protected":false},"author":1446,"featured_media":20188,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"footnotes":""},"categories":[158,46],"tags":[2,334,420,199],"business_type":[312,41],"lilypad":[],"context":[418,429],"industry":[268,452],"persona":[150,100,98],"imagine_tag":[209,215,436,443,441,434],"coauthors":[613],"class_list":["post-9917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountants","category-growth-customers","tag-accountants","tag-automation","tag-cloud-financial-management","tag-coaching","business_type-accountants","business_type-growing-business","industry-entertainment","industry-hospitality"],"sage_meta":{"region":"en-us","author_name":"Andrew Sevillia","featured_image":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-1340724966.jpg","imagine_tags":{"209":"Accounting","215":"HR and Payroll","436":"Intacct Accounting","443":"Intacct Large Business","441":"Intacct Payroll And HR","434":"Large Business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice US","distributor_original_site_url":"https:\/\/www.sage.com\/en-us\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/9917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/users\/1446"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/comments?post=9917"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/9917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media\/20188"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media?parent=9917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/categories?post=9917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/tags?post=9917"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/business_type?post=9917"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/lilypad?post=9917"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/context?post=9917"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/industry?post=9917"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/persona?post=9917"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/imagine_tag?post=9917"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/coauthors?post=9917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}