If you’re tasked with managing the finance and accounting for a multi-location or multi-entity organization, you’re probably facing a mountain of complexities. From decentralized payables to inter-entity transactions, global consolidations to multiple currencies, your business has unique needs that only seem to get bigger as you grow. Thankfully, you don’t have to climb this mountain alone. There are tools on the market that were built specifically to serve businesses like yours.
The Power of a Multi-Entity Shared Environment
When you’re scaling a multi-location or multi-entity organization, accounting automation isn’t optional. To sustain growth, you need to eliminate as much manual effort as possible so you can manage the evolving needs of your growing business. As a multi-entity shared environment, Sage Intacct has the power to make that happen. Here’s how:
Close Your Books Faster
When you’re growing a business, speed is your friend. Success depends on having the right information at the right time. Sage Intacct accounting software for multiple companies helps you accelerate your month-end close so you can gain access to important financial information—like interim summary figures—faster. How? By giving you the power to perform multi-entity global consolidations with the simple push of a button. This streamlined approach to financial consolidation means no more waiting around for those financial statements (and maybe even leaving the office early!).
Add New Entities With Ease
With Sage Intacct, you can set up an additional entity in seconds rather than wasting days in unnecessary effort. It only takes a few clicks to set up rules, and the system gives you the power to configure each new entity however you wish. Either opt for new entities to inherit your existing lists, process definition, and chart of accounts, or switch up the rules based on your specific needs.
Total Visibility Into Performance
No matter how complex your organization may be, Sage Intacct delivers fast, accurate financial reports. One of the tools most valuable features for multi-entity organizations is the ability to quickly rollup and compare performance across any group of entities. You can easily view company-wide spending by vendor, for example, and use that knowledge to make more informed purchase negotiations. Unified login and access control make it easy for widespread teams to collaborate and stay on the same page.
Plain and simple—multi-entity businesses looking for accounting software that can scale with them will find success using Sage Intacct. I’ve personally watched multiple multi-location businesses use the tool to manage rapid growth with ease without ever hiring additional finance staff. If you want to learn more about Sage Intacct can help your multi-entity organization or how ACI Consulting can help you make the most of it, get in touch with my team today.