SAN JOSE, Calif., June 7, 2016 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, today announced that RIVR Media Enterprises adopted Intacct to ensure trusted, timely financial information throughout its increasingly complex business. The producer of hit reality shows like the World Series of Poker and Trading Spaces, RIVR achieved dramatic productivity improvements and cost savings by modernizing its financial processes and reporting with Intacct.
In a new case study published today, Intacct highlights the results RIVR achieved by implementing Intacct's cloud ERP software. The full customer profile is available for download at: http://online.intacct.com/rs/intacct/images/cs_rivr_media.pdf. Here is a quick overview:
RIVR Media Enterprises' results with Intacct:
- Powerful multi-entity, multi-dimensional general ledger improves project and financial visibility
- New reports empower producers to make better informed, more timely decisions
- Streamlined inter-company financial processes shorten monthly close by 3-4 days, and save more than 125 person-hours each month
- Cloud-powered efficiencies help eliminate $100,000/year in headcount and IT costs
Highlighted comments from Mark Bellich, CFO, RIVR:
"Intacct has freed my team up to focus less on tedious transactions, and much more on analysis and reporting that adds value to the business. At the same time, it's saving us $100,000 every year from reduced headcount and IT support, and has put us in a great position to handle whatever volume comes our way as the company scales."
"Even though we produce reality shows day-in and day-out, behind the scenes we struggled to extract reality out of the complex financial transactions that were required to manage five separate companies and dozens of ongoing projects. We knew we needed to get our accounting data out of QuickBooks and Excel, and Intacct turned out to be the perfect fit for us. It supports our multi-entity environment, gives us a single chart of accounts, makes consolidations and monthly reporting simple, and gives us full visibility into all our shows across various cable networks."
"With Intacct, we can now run a consolidated project detail report that spans all of our entities in less than a minute. With this insight, we closely monitor our actuals-to-budget and can see where we might be overspending. The sooner we provide that real-time information to our producers, the more quickly they can react."
"Intacct's dashboards show me the big picture of our current financial standing every day when I log in. From our latest cash flow numbers, receivables, P&L, year-to-date revenue, and net income, to other important updates I need, like open invoices, cash and debt balances by account, or P&L summaries by company – I can see it all."
Intacct is a leading provider of best-in-class cloud ERP software. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, 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 Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.
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