SAN JOSE, Calif., May 29, 2018 (GLOBE NEWSWIRE) -- Sage Intacct, the innovation and customer satisfaction leader in cloud financial management software, today announced that Brookfield Public Securities Group is using Sage Intacct, a solution available in Sage Business Cloud, to streamline operations processes with an automated approach and to lay the foundation for the firm’s future growth. The firm estimates the implementation of Sage Intacct has paid for itself in less than six months.
Investing in public markets since 1989 and currently managing more than $16 billion in assets, Brookfield Public Securities Group serves institutions and individuals seeking investment advantages of real assets through actively managed listed equity and debt strategies.
Why Sage Intacct?
While undergoing a significant evolution to lay the foundation for future growth, Brookfield Public Securities Group found its legacy mainframe system and accounting workflows too cumbersome for its distributed finance team and selected Sage Intacct for its flexible reporting, simple configuration, and reliable security.
“Sage Intacct lets us onboard clients, assets under management, and entire new entities without IT support, providing a flexible foundation with which to grow the business,” said Kyle O’Connor, Vice President of Finance & Accounting, Brookfield Public Securities Group. “Choosing Sage Intacct was easy because it met all of our key requirements. After comparing it with Microsoft Dynamics, Oracle NetSuite, and Workday, we were most impressed by Sage Intacct’s multi-entity functionality, which I knew I could manage myself without a computer science degree.”
Since implementing Sage Intacct, Brookfield Public Securities Group realized significant benefits, including:
Multi-dimensional visibility to shed light on business performance: The finance team can produce custom reports and analyze performance by various drivers, allowing for real-time planning and improved gross margins.
Revamped Accounts Payable process to enhance vendor negotiations: The firm has increased efficiency by 40% by automating its Accounts Payable process, and the team can now handle ad hoc questions within five minutes, giving stakeholders the on-the-fly information they need for vendor negotiations.
Streamlined financial workflows to cut monthly close in half: Monthly close time is now only ten days, resulting in a 50% faster annual report process.
“We’ve dramatically decreased tedious back office work since adopting Sage Intacct, and I have confidence the system will allow us to largely eliminate manual processes over time. In fact, I expect the time freed by the software will allow my team to take on new responsibilities and scale effortlessly with minimal, if any, added headcount,” said O’Connor.
For more information on how Brookfield Public Securities Group uses Sage Intacct, view the full case study here.
About Sage Intacct
Sage Intacct is the innovation and customer satisfaction leader in cloud Financial Management. With the powerful combination of Sage and Intacct, the Sage Business Cloud offers the best capabilities of both companies. Bringing cloud computing to finance and accounting, Sage Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and value-added resellers also offer Sage Intacct to their clients. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.
Sage Intacct is based in San Jose, California and is an entity of Sage, the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders and a FTSE 100 business. For more information on Sage Intacct, please visit www.sageintacct.com or call 877-437-7765. Connect with Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.
About Sage
Sage (FTSE:SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up or enterprise. We do this through Sage Business Cloud - the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll and Payments & Banking.
Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13000 colleagues and a network of accountants and partners. We are committed to doing business the right way, and giving back to our communities through Sage Foundation.
Find out more at www.sage.com/en-us.
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