Press Release

Saranabu Reduces TCO and Increases Efficiencies by Switching to Intacct’s Cloud Financial Management Software

Move from Microsoft Dynamics GP to Intacct Helps West African Importer Speed its Monthly Close by 2-3 Weeks, while Cutting Payroll and IT Costs

Saranabu Group  logo

SAN JOSE, Calif. – May 15, 2013 – Intacct, a leader in cloud financial management and accounting software, today announced the Saranabu Sa Group moved from Microsoft Dynamics GP to Intacct in order to automate accounting and inventory management processes, and gain real-time visibility into key financial metrics and dynamic business operations. Intacct’s sophisticated multi-entity, multi-currency system increases efficiencies across the importer’s inventory, quote-to-cash, time and expense, consolidations and financial close processes. Saranabu now closes its books at least 2-3 weeks faster every month, has reduced total cost of ownership by 30 percent, and saves 10 percent annually in overall company payroll costs.

In a new client case study published today, Intacct highlights the results Saranabu achieved by switching to Intacct’s cloud financial applications. Here is a quick overview:

Previous Business Challenges Faced by Saranabu:

  • Needed a flexible financial management, accounting, and inventory management system
  • Required multi-entity, multi-currency capabilities to support a global business
  • Wanted a user-friendly solution that would support data entry from anywhere, while minimizing IT efforts
  • Looking for reporting and dashboard capabilities for greater visibility into financial data and dynamic operations

Results with Intacct:

  • Shift to cloud-based financial management solution eliminated hardware, reduced demands on IT staff, and cut IT costs by 30%
  • Modernized and streamlined financial processes and inventory management operations
  • Sped monthly close process by 2-3 weeks, while gaining ability to easily track, manage, and report on multiple international entities
  • Reduced annual payroll by 10% due to reduced finance staffing needs

Highlighted Comments from Ramses R. Najem, president of Saranabu Sa Group:

“We selected Intacct because it met all of our needs for remote, online access in an easy to use, yet sophisticated solution. The system’s multi-entity, multi-currency support is crucial for our expanding business operations, and we love the reporting flexibility it provides to analyze our business across a variety of dimensions.”

“With Intacct, we’ve reduced our total cost of ownership within the IT department by 30 percent, while benefitting from a much easier to use product, with frequent upgrades and the flexibility to easily adapt to our exact requirements as we grow.”

“Intacct provides real-time visibility into all of the key financial and operational metrics of our organization, delivering faster insights so we can take corrective action sooner. With this financial transparency, we can more easily determine what steps to take for the future and better capitalize on new business opportunities like adding more branches and expanding Saranabu’s operations.”

About Sage Intacct

Sage Intacct is the innovation and customer satisfaction leader in cloud Financial Management. With the powerful combination of Sage and Intacct, the Sage Business Cloud offers the best capabilities of both companies. Bringing cloud computing to finance and accounting, Sage Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.

Sage Intacct is based in San Jose, California and an entity of Sage, the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders and a FTSE 100 business. For more information on Sage Intacct, please visit www.intacct.com or call 877-437-7765. Connect with Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.

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