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Magaya Corporation - United States

Sage Intacct delivers efficiency gains for Magaya

The provider of logistics and supply automation software boosts budgeting efficiency, increases cash flow and improves EBITDA margins with Sage software
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Growth threatens to sink the finance team

Magaya is a growth success story, but it has brought budgeting and forecasting challenges that were difficult to address with Excel. The finance team struggled to create budgets, deliver timely budget vs. actuals reporting, and update forecasts with manual data work in spreadsheets. The business also lacked the up-to-date visibility it needed.

I wanted a more automated and efficient solution that could also give our executives and managers ability to track budgets on a monthly basis.

Luis Guerra
CFO

Business enjoys quick gains from better visibility

Instead of monthly spreadsheets that took the Magaya finance team 10 days to prepare, budget managers can examine budget vs. actuals via Sage Intacct dashboards that are updated after a seven-day monthly close, with deeper detail than was possible before. This visibility has contributed to a 10% improvement in EBITDA margins in 18 months.

Sage Intacct Budgeting and Planning has been a game-changer for us.

Luis Guerra
CFO

Future-proofed financial management

With its combined Sage Intacct solution for accounting and budgeting, Magaya is confident it has the sophisticated cloud financial management it needs for the future. And in the present, the solution’s robust modeling capabilities means the company is more resilient against unforeseen events such as Covid-19.

We now have an integrated system to create models and forecasts that links tightly with Sage Intacct accounting so we can update financials at the push of a button.

Luis Guerra
CFO

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