INTELLIGENT BRANDS // Software for Business
Sage Intacct helps DFP Recruitment eliminate manual processes and gain real-time visibility
Utilising Sage Intacct has resulted in DFP Recruitment , one of Australia ’ s leading recruitment companies , saving one day per week by eliminating manual processes around invoices , gaining real-time visibility of financial data , and benefiting from quicker and easier financial reporting .
Held back by time-consuming manual
processes and limited financial visibility , DFP recruitment was facing several challenges with its legacy software , said its CFO , Cheryl Richardson .
“ Our accounting software was out of date and was no longer being supported by the software vendor . It was very old-school , lacking key features that modern software provides ,” she said .
“ It did not have an API integration , which required a manual workaround . It also couldn ’ t provide us with adequate visibility of our costs . We had to print every supplier invoice and sign them by hand .
“ It was very difficult for us to manage and access invoices . We had to store them in a concertina file and whenever I needed to see a cost in the general ledger , I would have to find the payment and the scanned copies .
“ Another challenge we had was that our business had recently been acquired , which meant we suddenly had to deal with multiple entities within our business . Our accounting software didn ’ t have the functionality required to consolidate these entities .”
It chose Sage Intacct – a highly intuitive , cloud financial management solution that delivers deep accounting capabilities for scale-up and enterprise businesses , across all industries .
Sage Intacct helps businesses gain realtime financial insights , automate complex processes , and its open API allows users to easily share data and connect multiple solutions , including Salesforce .
Saving significant time and gaining real-time visibility
“ The time savings we ’ ve achieved with Sage Intacct are fantastic ,” said Richardson . “ Sage Intacct has helped us cut down the time we spend on accounts payable processes by one day per week .
“ Thanks to Sage Intacct ’ s API and its integration with Salesforce , we no longer have to print out invoices and manually upload them . This really helped us during the COVID-19 crisis . Our accounts payable person was happy to reduce her hours because Sage Intacct made her work so much easier and efficient .
“ Sage Intacct provides us with real-time visibility of our costs . You can access outstanding invoices with a few clicks , which makes it much quicker and easier for our accounts receivable person to chase clients for payment .
“ Running reports in Sage Intacct is far quicker and easier than with our previous solution , which forced you to wait a long time for reports to be generated .
“ You can generate real-time reports almost immediately with Sage Intacct . For instance , it takes only 10 seconds to generate a report with 12 months ’ worth of data .
“ It ’ s also far easier to run general ledger enquiries . It ’ s as simple as running a report , clicking on a number and accessing a document . This is something we lacked with our previous solution , so it ’ s been very helpful for us .
“ Sage Intacct also gives us the functionality to consolidate and eliminate multiple entities across our business , which our old accounting software wasn ’ t able to do .” •
Upgrading to a flexible , cloud accounting solution
Facing these challenges , DFP Recruitment began browsing the market for a more capable accounting solution .
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