Penn Station Franchise Owner Adopts Sage Intacct to Lay Foundation for Accelerated Growth
January 16 2018 - 12:00PM
Sage Intacct, the innovation and customer satisfaction leader in
cloud financial management solutions, today announced that NWO Penn
Acquisition LLC, an investment group that owns several Penn Station
East Coast Subs franchises, deployed Sage Intacct to streamline
processes and achieve timely financial visibility in preparation
for franchise expansion.
NWO Penn Acquisition turned to Sage Intacct partner WVC
RubixCloud to help the firm gain faster, more accurate insight for
improved decision-making. By connecting Sage Intacct with the
franchise owner’s point of sale system, as well as with Bill.com
and ADP, WVC RubixCloud improved NWO Penn Acquisition’s accounting
efficiency by more than 25 percent and shortened its monthly close
by one week.
A new case study published today highlights the benefits this
Penn Station franchise group has achieved with Sage Intacct’s cloud
financial management solution. Highlights of their success are
provided below and the full customer profile is now available for
download here.
NWO Penn Acquisition’s Results with
Sage Intacct:
- Laid foundation to help Penn Station franchise business
scale
- Saved GM hours each month to redirect into strategic work
- Slashed monthly close cycles by nearly two-thirds
- Eliminated duplicate data entry and manual reporting, saving
upwards of 20 hours of work per month
Highlighted Comments from David Hammack, President and
Owner, NWO Penn Acquisition:
“In preparation for our continued growth, we needed to transform
expensive, manual tasks into efficient, automated, integrated
workflows that could scale with us over time. We wanted adaptable
financial management software that was well-suited for a franchise
business like ours, and chose Sage Intacct for its multi-entity,
multi-dimensional general ledger approach.”
“Overall, the biggest improvement since we switched to Sage
Intacct is the higher-quality information we can leverage to
positively impact our gross margin. With complete, immediate
transparency, we no longer need to dig through paper files or log
into multiple systems to find transaction details. The visibility
and drill-down capabilities we have with Sage Intacct are better
than I’ve seen in any other system.”
“Sage Intacct has opened up a world of new possibilities for our
business. A year ago, if you’d asked me whether we would grow up to
six stores, with plans to build many more, and look at new
franchise concepts and cities to add, I’d have said we could never
scale at that pace using our old system and processes. With Sage
Intacct, I have full confidence the solution will be able to handle
our accelerated growth because we have more bandwidth to evaluate
new franchise opportunities, and more informative data with which
to do so. We can easily compare new concepts to real data, rather
than relying on just the projected information that’s included in
franchise disclosure documents.”
“I no longer need to spend an hour writing checks every week or
worrying about whether our books are tying out at a high-level. Now
that we’re on Sage Intacct and Bill.com, everything’s automatically
reconciled and I just spend 15 minutes or so approving financials
and payables – a substantial time savings in my busy schedule.
We’ve removed all of the mundane impediments from our financial
processes, which allows me to give my team more autonomy and focus
on higher-level strategic thinking.”
“We’re probably avoiding tens of thousands of dollars in finance
personnel costs each year because we have a strong foundation like
Sage Intacct and great outsourced accounting services – that’s a
significant savings for a company of our size.”
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 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 an entity of
Sage. For more information on Sage Intacct, please visit
www.sageintacct.com or call 877-437-7765. You can also connect with
Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and
YouTube.
About SageSage (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.
Sage Intacct, Intacct and the Sage Intacct and Intacct logos are
trademarks or registered trademarks of Sage Intacct, Inc. and/or
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may be trademarks of their respective owners. The use of the word
“partner” does not imply the existence of a legal partnership
relationship.
Press Contact:Peter OlsonSage
Intacct408-878-0951polson@intacct.comTwitter: @PeterOlsonPR
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