SAN JOSE, Calif. – December 18, 2014 – Intacct, a leader in cloud financial management and accounting software, today announced that Mountainside Fitness Centers graduated from QuickBooks to Intacct in order to help facilitate future growth through automated financial processes and greater financial insight. By implementing Intacct, the company gained the ability to easily manage, consolidate and analyze financials across 22 separate entities, while dramatically streamlining purchasing, accounts payable and reporting for increased productivity.
In a new case study published today, Intacct highlights the results Mountainside Fitness achieved by switching to Intacct’s cloud financial applications. The full case study is available for download: here.
Here is a quick overview of the profile:
Previous Business Challenges:
- Fast-growing services business needed a flexible and full-featured financial management system to support ongoing expansion
- Wanted to streamline accounting for 22 entities, automate manual processes, eliminate duplicate data entry and improve financial controls
- Needed to integrate financial management with existing business applications
- Looking for richer, multi-dimensional reporting to gain greater insight into club cash flow and other metrics
Results with Intacct:
- Maintained company’s rapid growth while minimizing finance headcount, saving $140,000 in anticipated salary costs
- Automated financial processes shortened monthly closes by 20 days and financial controls improved data accuracy
- Easy data sharing with other systems and streamlined AP workflows saved several days of manual work every month
- Ability to report on cash flow and other trends across locations and departments improved decision-making, in one instance saving $250,000 in EBITDA value
Highlighted Comments from Tracy Taylor, Mountainside Fitness CFO:
“We’re paving a path towards a $100 million company, and in order to support this goal we knew we needed a powerful cloud-based financial management application. We ultimately chose Intacct over NetSuite, Microsoft Dynamics and Sage, because it was the most user-friendly, affordable system that provided deep financial capabilities.”
“As a result of all our productivity improvements, my team has been able to keep up with Mountainside’s expansion without adding the 5-6 full and part-time employees we originally anticipated. Now that we have Intacct, I’m confident we’ll be able to double the number of entities we support while managing an efficient and timely month-end close with just one or two additional team members in the next 3-4 years – saving us of approximately $140,000 in corporate payroll costs.”
“Intacct’s multi-dimensional general ledger allows us to capture the right information and have it at our fingertips at the right time. We can now slice and dice our expenses and revenues by location, by department, by vendor or by customer, and our managers can view a number of different reports that help them make better operational decisions for our future.”