SAN JOSE, Calif. – April 23, 2018 – Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions, today announced that Nextep has used Sage Intacct, a solution available in Sage Business Cloud, to gain valuable insights into the company’s financial health. The results show the software paying for itself in less than four months.
A Certified Professional Employer Organization (CPEO), Nextep provides comprehensive HR benefits, payroll, and risk and compliance solutions for businesses throughout the United States. Through the professional employer organization relationship, Nextep’s clients gain access to benefits typically reserved for big businesses, such as technology and support delivered by friendly experts.
A Streamlined Approach
As Nextep grew from a one-person office to an organization with eight different legal entities, 21 departments, and more than 100 employees, its accounting team encountered challenges. The team could no longer support the company's strategic growth plan with the organization’s existing manual financial management solution. Nextep selected Sage Intacct to streamline financial processes and gain critical financial and operational insights that support future growth.
“We knew it was essential to bring our accounting software into the 21st century. We decided to make a change and went in search of a cloud-based, multi-entity financial solution that could also support our reporting and dashboard requirements,” said Ronda Rogers, Controller, Nextep. “After comparing Sage Intacct with Microsoft Dynamics GP, Sage Intacct was clearly the better fit for our needs.”
Nextep worked with Sage Intacct partner AcctTwo to implement the cloud financial management solution in seven weeks, realizing significant benefits, including:
Regional-level reporting for strategic forecasting: Nextep can slice and dice data for regional-level reporting and productivity tracking. Nextep now sees month-to-month profitability in real-time, and can efficiently make informed business decisions and forecasts about future growth opportunities.
Streamlined financial processes for increased productivity: Nextep’s finance team can streamline the company’s financial processes and vendor relationships. These processes save Nextep 500 hours of manual data-entry work annually and support the company’s 23 percent yearly growth average.
Real-time reporting for meeting certification requirements: Nextep can access and create real-time financial reports with Sage Intacct’s personalized dashboards. This allows the company to effortlessly meet quarterly reporting requirements for various professional employer organization certifications.
“The decision to adopt Sage Intacct was absolutely the right choice,” shared Rogers. “Our executive team has been nothing but happy with what we’ve been able to produce in terms of accurate financial reporting and valuable operational insight. Now, we have unprecedented business visibility at our fingertips.”
For more information on how Nextep uses Sage Intacct, view the full case study here.