CASE STUDY
How far has the solution eradicated manual work and what are the major benefits of this ?
One of the main benefits we ’ ve experienced as a result of using Sage Intacct is a substantial reduction in manual processes which can be arduous and also less accurate . The solution has inbuilt functionality , including consolidation , dimensional reporting , foreign currency translation and banking integrations . It has delivered time and cost efficiencies including more upto-date information and a faster close process .
What are the advantages of being able to access the company ’ s information at any time and from anywhere ?
The new hybrid working model meant we needed a solution that would work anytime , anywhere . The implementation of a cloud based SAAS supported solution was a key criterion in selecting the new finance system . Seamless access to the system by the 360 Capital team wherever they were operating and limiting any down time for system updates and upgrades was essential to ensure continuity in operations , regardless of what time zone or where they were working .
How does the solution cope with your multi-currency requirements ?
360 Capital has operations and assets situated in various countries across the globe , transacting in multicurrencies . Intacct has foreign currency functionality to automate translations simplifying the recording and tracking foreign currency balances and transactions .
How has Sage Intacct enabled you to improve reporting across the group ?
One of the advantages of Sage Intacct is the ability to easily customize system generated reports . There is no need to engage third party consultants to create new or change existing reports . The majority of required reports can be easily customized by the finance team resulting in more professional and targeted reports and reducing the requirement to export financial data to Excel or the other applications .
Why are you confident that Sage Intacct can scale up to meet your long-term objectives ?
360 Capital ’ s broad alternative asset management and investment strategy requires a finance system that is flexible and can grow with the business and deliver accurate timely information to support decision making . Sage Intacct is configured in such a way that it
is both scalable and flexible and is able to cope with the variety of investment products and structures that 360 Capital manages .
What are the benefits of being able to do everything in real-time ?
Real time information facilitates agile and more informed decision making . This has been even more critical over the last 18 months due to the disruptions caused by COVID 19 . Being able to assess financial impacts to businesses sooner and make corresponding adjustments can ultimately save money and protect assets . p
KEY OUTCOMES
• Month-end reporting reduced by over 25 % to just two days
• Ability to do complex consolidations , segment reporting and integration with third party applications
• System in place to support global expansion of business
• Reporting systems now automated rather than manual
• Improved accountability across the group with more managers able to access key information
www . intelligentcio . com INTELLIGENTCIO APAC 59