SAN JOSE, Calif., Jan. 6, 2017 /PRNewswire/ -- Intacct, the customer satisfaction leader in cloud ERP software, today announced that the Big Ten, a national leader in intercollegiate athletics, selected Intacct to help streamline its financial processes and increase visibility into real-time financial trends. By replacing its on-premises Sage accounting software with Intacct in the cloud, the Big Ten sped its financial reporting processes and gained deeper insight into business operations.
Streamlined financial processes for greater efficiency
Gained ability to track budgets and other financial trends in real-time
Eliminated need for hardware and IT support
Highlighted comments from Julie Suderman, Associate Commissioner, Finance for the Big Ten Conference:
"After comparing Intacct with NetSuite and Sage, we chose Intacct for its best-in-class financial solution that was built by CPAs to meet specialized accounting needs. We especially love Intacct's dimensions-based approach, which has greatly simplified our chart of accounts, and is flexible enough to track all of the detail we need and evolve with our organization over time."
"With Intacct's dimensions, we can map things to how we practically manage our business. Once we create a dimension, we can use it to categorize any transaction – general ledger, receivables, payables, etc. – and as our business changes, it's quick and easy to add the dimensions we need and re-classify things accordingly, so we can monitor what's most important to us."
"Our finance team at the Big Ten Conference is very small, but since Intacct is so intuitive, we're able to get more done in less time. We feel confident that if someone new came on board, they could get up and running immediately. Intacct will free us up more and more in the future, and give us the bandwidth to do forward-looking, strategic work. With all of these improvements, we estimate that Intacct paid for itself within the first 6 months after deployment."
"The reports we have in Intacct are much more robust, allowing us to analyze our data better and instantly compare year-over-year, actuals-to-budget, actuals-to-projections, year-to-date figures, and more. This helps us see important trends that were invisible to us before, because we couldn't look just at our legal services, for example. Prior to Intacct, all of our services costs were lumped together and we couldn't break out individual areas to see key trends by category."