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Sage Intacct Advantage

rinehimerbaker’s customer recognized at Sage Intacct Advantage

At this year’s Sage Intacct Advantage conference, our customer MemberClicks was recognized as a recipient of the Sage Intacct Customer Success Award, an award designed to celebrate customers who have made dramatic improvements to their business and financial operations using Sage Intacct.

MemberClicks’ mission is to “Empower member-based organization to thrive through refreshing technology and a heart for service.” Their purpose-built suite of technology and customer-centric culture helps them achieve this allowing their customers to focus on serving its members.

For MemberClicks, 2017 was a year that largely focused on growth. With that came the challenges that all growing companies face and in 2018 they decided it was time for a new system that would help, not hinder, their company.

Sage Intacct was implemented for its ability to automate their order to cash process, manage customers’ subscriptions, and automate revenue management to keep them compliant with ASC 606, along with many other benefits!

Using Sage Intacct, MemberClicks was able to increase efficiencies throughout the organization with capabilities like:

  • Producing consolidated financials from multiple entities with various currencies in just a few clicks
  • Closing their books in just four days and spending the ten days they saved to analyze the data rather than reconcile it
  • Seamless order to cash process starting in Salesforce and creating contracts when deals are closed/won
    • Automating revenue and billing management across 3,000+ contracts
    • Automating customer payments through recurring subscription billing

Using Sage Intacct, they now have a consistent customer experience across the entire organization from orders to renewals to payments and everything in between. This consistency provides key members the visibility into every stage of the contracts’ lifecycle.

rinehimerbaker worked with MemberClicks to design and deploy this fully integrated solution centered around Sage Intacct. As a group, we were committed to helping migrate the company’s entire accounting operations onto a system up to the challenge of supporting their dynamic organization.

With MemberClicks recognized as one of a few winners selected out of hundreds of applicants, the journey for them proved worthwhile and demonstrates that success like this can be achieved by organizations of all sizes when you work with people and software that strive to achieve great results!

Congratulations again to MemberClicks from the entire rinehimerbaker team!

Find out how rinehimerbaker can help your company get similar results by reaching out to accounting@rinehimerbaker.com.

Sage Intacct Payroll

Does Sage Intacct have Payroll?

A question our team gets asked often is does Sage Intacct have payroll?

The answer is yes and no. Sage Intacct has a philosophy that they want their customers to have a best-in-class solution allowing them to stay focused on continuously adding innovation to the ERP.

Sage Intacct’s open API allows other likeminded vendors to build best-in-class solutions that integrate directly with the ERP. This allows every Sage Intacct customer to choose the best payroll solution for them. All of the marketplace partners have created seamless integrations with Sage Intacct.

By implementing both Sage Intacct and a marketplace partner payroll solution you will be creating a system that is tailored to your company, not someone else’s. This is unique when compared to other mid-market accounting and ERP solutions that are a suite of products that limit your functionality.

At rinehimerbaker, we have access to market leading payroll solutions and the expertise to implement them. We’ve helped our clients save time and money by eliminating manual entry and paper processes by leveraging the strengths of cloud-based payroll solutions. These solutions offer many of the benefits employers, and employees, are looking for today. Such as, access from anywhere anytime, employee self-service, mobile apps, compliance support, and advanced reporting tools.

Benefits of Integrating Your Payroll Solutions: 

· Real-time data that is easily accessible

· Ability to report on financial and statistical data for key metrics

      o Active employee headcount on your dashboard

      o Avg. cost of benefits per employee

· Robust departmental reporting

· Reduction of human error through automation

· Reduction in manual work returning hours of time to your team

Our team works with a few different payroll solutions to ensure that you get the perfect match for your company. Our top choices from Sage Intacct’s marketplace partners are Workforce Go! HCM, APS online, and ADP Workforce Now. If you want to keep it in the Sage family take a look at Sage People and keep your eye out for their upcoming integration into Sage Intacct.

Not sure if your current system can integrate? 

With Sage Intacct’s open API, if your current solution isn’t listed on Sage Intacct’s marketplace an integration can be built. This allows you to work with any software you choose. If it works for your accounting department, it works for our team, we can help you implement and go-live creating your own custom best-in-class solution. 

Contact our team at rinehimerbaker to learn how your business could benefit from an integrated payroll solution and a true cloud-based ERP .

Sage Intacct Advatnage

Sage Intacct Advantage Conference Recap

The annual Sage Intacct Advantage was an amazing event again this year with great opportunities to learn about the future of finance, network with our customers and the Sage Intacct team, and enjoy Las Vegas! Below are our team’s top takeaways from this year’s conference.

Sage Intacct Advantage

1) MemberClicks won a customer success Award- rinehimerbaker’s customer, MemberClicks was honored with the customer success award this year at Advantage! This award celebrates customers who have made dramatic improvements to their business and financial operations using Sage Intacct.  Congratulations Brent Stringer and team!

 

2) Change in Thinking-There was a strong focus on how the accounting function is moving from the age of information to the age of answers. Gone are the old ways of simply reporting “what happened”; now we are focused “why it happened” which is quickly moving to “what will happen next and what should we do about it”. This focus shows how finance teams are moving away from manual work and utilizing technology to deliver strategic value so that organizations can further their mission, grow and scale more quickly.

 

3) Eliminating the Close– Sage Intacct continues to look for innovative ways to make accountants lives easier. They are currently working on AI capabilities that are embedded directly into the Sage Intacct Intelligent GL.  The goal is to have continuous GL and eliminate the close. How? By using AI to accelerate the capture of data, to detect anomalies and ensure data is accurate and compliant, and to analyze and make intelligent decisions.

 

4) Sage People– This was an exciting announcement. Sage People is a new HR/benefit/onboarding/payroll solution that will be fully integrated with Sage Intacct. With this full integration, users will be able to quickly and easily view analytics, reports, graphs and dashboards related to the HR function.

 

5) Growth in Use– Currently 38% of the top CPA firms are using Sage Intacct. The continued growth of users shows how impactful Sage Intacct has been in revolutionizing the cloud accounting world throughout many different industries. The fastest growing verticals adopting Sage Intacct are hospitality and healthcare.

 

6) Orlando in 2020– Next year’s Advantage conference will be held in Orlando, FL the week of Oct 13th. For everyone that couldn’t make it this year, mark your calendars for next October. It will be a great week to learn, and network!

Sage Intacct Advantage

Where is Cloud Accounting Technology Headed?

What is cloud accounting technology?

 

Everyday companies make the decision to move from on-premise solutions to the cloud. With so many companies choosing to move to a cloud-based ERP solution to drive their finance department, what’s next with the cloud is always at the forefront of their minds. You are probably already familiar with the benefits of the cloud such as, not needing IT resources to support your finance function, one login with anywhere-anytime access, and API connections with other cloud solutions. For certain cloud solutions, you can also get real-time data, easy to create reports, company roll-ups, customized dashboards, dimensions to eliminate additional general ledgers, easy intercompany payments, and a notes section for communication between your team about changes.

Join us for a cocktail hour where we discuss where cloud accounting technology is headed

Where is cloud accounting headed?

 

As cloud accounting continues to develop the user interface and open API’s are a top priority for ERP solutions. Both of these factors are leading the way due to users continuing to want easy-clean way to run real-time reports and create an audit trail. The evolution of the user interface is a top priority. These changes will make or break companies’ decisions to move to their solution based on the quickness their employees can get through tasks.

 

The open API is an important factor for continued development as companies continue to want a best-in-class solution instead of a one-in-all solution. This means continuing to create seamless API connections on the back end with other top cloud software vendors.

 

Finally, the most exciting trend for cloud accounting technology is the use of artificial intelligence and the influence it will have in ERP solutions. Companies demand their technology to work for them and eliminate manual work, coding, and clerical employees will continue to lead to a need/desire for technology that can do more automatically.

 

Overall, over the past decade, cloud accounting technology has continued to go develop and change the landscape of finance departments. With the anywhere, anytime access, and consistently updates throughout the year, the technology can only allow for capabilities to drastically improve with less and less manual effort to accomplish tasks.

Sign up for our Cloud Accounting Technology Future webinar

Join us for our webinar on November 21st at 1 pm eastern time to deep dive into where cloud accounting technology is headed, and the updates we see with the software we provide every day to customers.

Sage Intacct dimensions

Sage Intacct Dimensionality that Goes Beyond the Competition

Sage Intacct dimensionality replaces the old with the new to simplify the way businesses manage their general ledger. The days of having thousands of accounts to track different business segments (department, location, etc.) are over.

 

Sage Intacct has several native dimensions making it easy for you to streamline the general ledger and increase the trust and visibility of your company’s finances. 

 

Simplify Your Accounts: 

The dimensions within Sage Intacct simplify your company’s general ledger and allow you to easily tag transactions recorded within a primary account code.

 

For example, traditional systems would require 30 account code combinations to be able to track consulting fees across 3 locations and 10 departments. Sage Intacct keeps it simple by having a primary account code and transaction tagging with your location and department.

 

As your business changes, you can add on dimensions and tags, there is no need to create hard-coded account combinations to segment your business.

 

Tracking – How it Works: 

Sage Intacct has innovated the way tracking can be done. Once a dimension is created you can use it for any transaction as well as operational data. This allows you to easily organize your data without hard coding the transactions to individual accounts. Filtering through data from an overview of the entire company to a specific segment has never been easier. A great example is a Country Club viewing the organization as a whole and filtering down to see activity by the type of membership (social, golf, etc.) as well as different areas such as the grill room or pool snack shack and bar. This can be done in just a few simple clicks within one system. 

 

Streamlining Your Reports: 

Using dimensions and “tagging” allows you to have a flexible financial foundation to view performance from any angle. With this level of visibility into the financial and operational data, decision makers can quickly access the data needed to make decisions in real-time. Sage Intacct made this easy by integrating dimensions into the user interface of their financial report writer.

 

A Sage Intacct customer was able to go from thousands of separate accounts to few hundred primary codes saving them more than 30 hours of manual work each month. To find out more about this transformation download the case study.  

 

Sage Intacct’s Dimensions are one of their unique features that differentiates their ERP software from the competition. At rinehimerbaker we want to help you see how dimensions can transform your business. Fill out the form below to set up a call with one of our top accountants. 


Cloud Solutions

Hospitality Companies Score a Hole-In-One with Cloud Solutions

Hospitality companies can grow quickly with new locations, and new business lines (such as an additional bar, restaurant, golf lessons department, etc). With quick growth companies who aren’t using the best software can feel growing pains and create their own automation gap unknowingly. Below we review what the top pain points are and where the automation gap is created. At the end we discuss what the best steps are to eliminate your growing pains and get rid of the manual work through cloud solutions.  

 

Hospitality Company Growing Pains 

Growing pains can be sometimes be hard to distinguish because you find them becoming an accepted part of your day-to-day operations. Only when you start looking at best practices and how competitors are operating do you realize you are behind the curve in technology that gives time back to your organization. Top growing paints for hospitality companies are: 

  • Less time to focus on financials therefore you are taking shortcuts which is creating errors 
  • Your current team has a lack of finance or accounting knowledge leading to more time trying to figure out how to do basic bookkeeping vs. Leading the company to growth 
  • Multiple locations or lines of business (such as a country club with different entities or a franchise with 3 locations) 
  • Currently you have a lack of visibility and control into the total company 
  • Have a need for consolidated reporting that gives insight into your vendors across all business lines or locations 
  •  

Where the Automation Gap can be Created for Hospitality Companies  

The automation gap is created in hospitality companies when their growth is faster than their current software solutions can scale. This leads to manual processes for your team and creating hours of additional work. While at first this process many seem simple such as signing 5 checks a week, by the time you get to 40 checks a week you are now taking up hours a month on something that could be automated. Another example is timesheets. When you start out with one business area or location you may have four people which is easy to do manually. You oversee this team directly and can validate they worked the hours they have written down. By the time you have 35 employees you are looking at additions to your total business, more on your plate taking you out of the day and day, and managers that are now in charge of payroll. By leaving this process on paper and manual you will be prone to errors as well as inaccuracies because you aren’t there to know exactly what time everyone worked. This is the automation gap.  

 

If you have said yes that is an opportunity in my company, yes I face that same difficulty every week, then we have a few solutions that will work for you. Read through the chart below to identify where your company falls, and then fill out the form below to talk with our team.  

 

Current Accounting Situation 
  • Owner Operated 
  • Currently don’t understand your books 
  • None to limited reporting  
  • Results take 6-8 weeks to get 
  • Budget doesn’t allow to hire a controller 
  • Searching for professional advice 
  • Currently have an accounting staff  
  • Your team isn’t efficient because of manual processes that are time consuming 
  • 1-2 people currently working on your books 
  • Reports are error prone 
  • Your accounting team is new and could use guidance on how to purchase software 
  • Writing checks 
  • Complying special reporting 
  • You can’t access your data anywhere 
Solutions  Find an Accounting Solutions Firm that has an experienced team that can advise on new technologies, implement best practices, and lead your company to growth.  

They will provide: 

  • Real Insight into your operations  
  • Have ME close in 10 or less days a month 
  • Establish and provide a monthly report package 
  • Advice from a team that works with top companies in the hospitality industry 
Find an Accounting Software partner that can implement a cloud-based solution that eliminates manual processes, and provides data faster 

 

They will provide: 

  • A list of cloud-based technologies that all integrate together to create a best-in-class solution specific to your company 
  • Enhanced insights and analytics 
  • Vendor insight for all locations or businesses 
  • Dashboards specific to real time data you need 

 


Sage Intacct Partner of the Quarter

Sage Intacct Names rinehimerbaker, llc Partner of the Quarter Q4 2017

Some big news from the team at rinehimerbaker. Earlier this month, we were named the Sage Intacct Partner of the Quarter for our strong sales performance and high levels of ongoing customer satisfaction. Learn what this means for our prospects and customers below. Read more

Lure the right talent with cloud ERP

Meet the Expectations of Top Financial Talent with Cloud-Based Software

The benefits of cloud-based software are usually cited as lower costs, process and workflow optimization, and scalability. But the attraction and retention of key finance and accounting department personnel is another benefit of implementing the best-in-class technology—one that’s not included in the “top 5 benefits” lists, but should be. The reality is that today’s top financial talent—and tomorrow’s leaders—operate in a digital world, where 24/7 access, insight, and productivity reign. Read more

Financial Services and Cloud Accounting

Focus on Customers Drives Cloud Computing Adoption in Financial Services

Remember the “no-internet policy?” It wasn’t so long ago that companies were keeping their employees from exploring the world wide web on company machines. But as all-things-internet have become ubiquitous, including mobile devices and, yes, cloud computing in the workplace, hopping online to get things done—to perform essential professional tasks, let alone browse favorite website—is commonplace. No wonder Gartner reports that by 2020, a corporate “no-cloud” policy will become as rare as a “no-internet” policy is today. Read more

Value of Strategic CFO

The Rising Value of the Strategic CFO

Technology is reshaping the role of the CFO, moving action from the back-office into the boardroom. For a growing company, this couldn’t be more important. Back in the days of spreadsheets and desktop software, CFO primarily focused on bookkeeping and historical reporting. But today, they can look forward—and take a seat at the strategy table, where they help drive the future of the company.

Riding the Tides of Change

Administrative financial and accounting tasks have always been—and will always be—essential to business operations. In fact, the critical nature of this work is one of the reasons key financial department employees were traditionally found burning the midnight oil in front of a stack of invoices and a calculator. They had no choice but to immerse themselves in the time-sensitive, manual requirements of tracking financials, paying bills, running reports, ensuring regulatory compliance, and more.

For more insights, find out How to Know When QuickBooks No Longer Makes the Cut.

With technology, the CFO and their staff have been able to streamline their processes, one “automation evolution” at a time. For most companies, paper ledgers were transposed to electronic spreadsheets and desktop software, which are now being shifted to an online, cloud-based chart of accounts, and so on. Every system iteration brings more functionality to the finance and accounting department, however small, cutting time and improving accuracy. It has taken data out of silos and enhanced team and interdepartmental collaboration.

Learn more How Intacct’s Cloud-Based Financial Software Supports Growing Businesses with Automation.

Leading the Technological Revolution as a CFO

Tech-driven changes have freed CFOs from much of the day-to-day minutiae so they can take on more back-end and strategic and projects. They can evaluate more data, report on it in new ways, and work with other company leaders to plan for the future. With access to more comprehensive operational and financial data—and more sophisticated, even real-time, reporting tools—CFOs can easily:

  • Look beyond the numbers to understand what’s impacting performance and driving bottom-line business results across the organization.
  • Make better use of resources to increase value to customers, strengthening the top-line.
  • Identify trends, risks, and opportunities inside and outside of the company, developing a voice in M&A conversations and others that determine the company’s growth trajectory.

Depending on Technology

Without the right technology solutions in place, however, a CFO’s strategic potential is stunted—or at least delayed until the company makes the appropriate investments in solutions that deliver the data and functionality they need. Even if they’re participating in strategic growth discussions, many CFOs continue to spend too much time and energy grappling with the inefficiencies of manual processes. They’re limited by disparate and disconnected systems, insufficient reporting tools, and even impatient decision-makers.

Implementing cloud-based financial management and accounting software can be an important next step for companies and their CFOs who are in this uncomfortable position. A scalable and cost-saving system eliminates their dependence on spreadsheets and gives them access to the tools they need to take control of their processes, better manage their employees’ projects, and provide fast and accurate insights to anyone who needs them.

Don’t miss How the Cloud Provides Real Time Insights for Real Time Decision Making.

What’s more, the enhanced capabilities will allow them to do more than they could ever do before—with historical and real-time data, for example—and keep up with a rising transaction volume as the business continues to grow. The right software will make it easy to centralize their data and integrate all of their business systems, even those they haven’t implemented yet.

Is It Time to Make a Change?

If your financial and accounting organization is ready for an upgrade—so your CFO can get more strategic—contact us to learn more about your options. We specialize in connecting growing companies with cloud technology solutions customized for your needs.