SAN JOSE, Calif. – September 27, 2017 – Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions, today announced that the Hopi Tribe Economic Development Corporation (HTEDC) gained nearly $7 million in business value by leveraging the company’s solutions. The project, led by implementation partner Joseph Eve, resulted in the Hopi Tribe gaining financial visibility that increased gross margins by 20 percent, improved cash flow by $500,000, and enabled the organization to better manage operations in real-time.
Joseph Eve helped HTEDC accomplish these results by deploying Sage Intacct’s cloud financial management solution to improve decision making and streamline financial processes across the organization’s many service entities.
In a new case study published today, Sage Intacct highlights the results the Hopi Tribe achieved by deploying Sage Intacct. The full customer profile is now available for download. Here is a quick overview:
HTEDC’s Results with Sage Intacct:
- Software directly led to nearly $7M in value for the business
- Increased overall gross margins by 20%
- Improved cash flow by $500K
- Manage operations, pricing, and forecasting in real-time
- Accelerate ROI on major development projects
Highlighted comments from Larry Chank, CFO, Hopi Tribe Economic Development Corp.:
"We wanted a scalable system that would support all of our multiple subsidiaries, which each have their own unique managerial challenges. We looked at many cloud offerings, but ultimately chose Sage Intacct because it is a lot more flexible for small, but complex, businesses like ours, and we knew it could keep pace with our growth."
"With Sage Intacct, our general managers and department heads hold greater accountability, because management can quickly pinpoint areas of financial concern and have accurate information with which to make better business decisions. As a result, three of our struggling entities moved into the black, our overall gross margins improved by 20%, cash flow increased by nearly half of a million dollars, and our real estate asset values grew by over $5 million."
"Sage Intacct has made a world of difference for all of our day-to-day financial processes – from reporting, to accounts payable and receivable, to payroll. It requires just a fraction of the people power that we'd need on our current solution, and reduces our error rate. With this increased efficiency, our finance team is able to scale easily with the business. We've even been able to reduce headcount and increase salaries to boost job satisfaction. Sage Intacct truly makes finance fun and helps our team look outstanding in the organization."
About Sage Intacct
Sage Intacct is the innovation and customer satisfaction leader in cloud Financial Management. With the powerful combination of Sage and Intacct, the Sage Business Cloud offers the best capabilities of both companies. Bringing cloud computing to finance and accounting, Sage Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.
Sage Intacct is based in San Jose, California and an entity of Sage, the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders and a FTSE 100 business. For more information on Sage Intacct, please visit https://us.intacct.com/sage-intacct or call 877-437-7765. Connect with Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.