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Anchor Loans - United States

Sage Intacct shores up Anchor Loans for future growth

Fix-and-flip real estate lender thrives with new efficiencies and fast accurate insights after moving to Sage Intacct
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Manual consolidations nightmare

Anchor Loans relied on an entry-level combination of QuickBooks and Excel that could not scale as revenue and complexity increased. The finance team labored with time-consuming, manual consolidations across 43 entities in an unwieldy spreadsheet with 25 tabs. Meanwhile, the firm had no real-time insights challenging the finance team from making faster, smarter decisions.

When you have that many entities, exporting financials from QuickBooks to Excel for consolidation was an ongoing nightmare.

Bryan Thompson
Chief Financial Officer

Big time savings make for a happier team

Within a few months, Anchor was using Sage Intacct automation to eliminate up to 16 hours a month of manual bank reconciliations that had been done in Excel. Plus, Sage Intacct makes it easy for accountants to spot reconciliation discrepancies and drill down into details for resolution. Thompson’s team saves another 16 hours a month by using Sage Intacct to automatically calculate cost of funds across seven financing vehicles.

The team morale has improved as a result of Sage Intacct, because everyone wants to do more analytical thinking instead of just pushing numbers around.

Bryan Thompson
Chief Financial Officer

Fast, accurate insights to enhance profitability

New efficiencies have opened brand new avenues for Anchor to capitalize on Sage Intacct’s dimensional accounting and reporting to generate robust data-driven insights. The finance team is capturing information by loan, borrower, originator, product, state, and more for deep P&L analysis.

Sage Intacct has empowered my team to provide information to management to make better, more informed decisions that help us compete more effectively.

Bryan Thompson
Chief Financial Officer

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