Eye Care for Animals Graduates from QuickBooks to Intacct for Multi-Practice Financial Management
Veterinary Ophthalmology Services Business Needed Robust Capabilities for Cash Management and Consolidating Financials across Individual Practices
SAN JOSE, Calif. (July 20, 2010) –
Intacct, the leader in cloud financial management and accounting applications, today announced that Eye Care for Animals (ECFA) has selected Intacct as its new financial management system. ECFA, a group of veterinary ophthalmology service practices throughout the United States, expects the move to Intacct to improve cash management, streamline financial consolidation and provide management with greater insight into key financial metrics to facilitate improved decision making.
The Eye Care for Animals group is based in Scottsdale, Arizona, and has locations in 13 states. ECFA was using QuickBooks® to manage the finances for its different offices. However, since QuickBooks doesn’t offer the ability to globally and locally manage or consolidate across multiple business entities, ECFA had to use 30 different copies of QuickBooks to try to track business across its various locations. This made it extremely hard to get a complete view of their consolidated financials. In addition, ECFA struggled with cash management and tracking key financial metrics.
“It was obvious we had outgrown QuickBooks. So we set out to find a new financial solution and wanted a system that was designed for a business like ours with lots of individual practices and locations,” said Jennifer Huston, controller at Eye Care for Animals. “We looked at solutions from Sage and NetSuite, but ultimately felt Intacct was the best fit. Intacct offered us the financial capabilities we needed, at a price that fit in our budget. In addition, having a cloud computing-based system will relieve the burden on our IT team to manage the applications and provides easy access to the system from all of our locations.”
Intacct will provide Eye Care for Animals with a comprehensive cloud-based financial management system that enables them to more easily manage their business entities. Prior to Intacct, ECFA spent long hours switching between QuickBooks instances and transferring data to and from Excel spreadsheets. Manual processes with spreadsheets were the only way to get visibility into consolidated financials, and data quickly became outdated by the time reports were available. With Intacct, ECFA will have real-time access to all financial data in one place – a single source of truth. Each practice can maintain its own financials, which are automatically rolled up into a consolidated view with the click of a button. In addition, Intacct also enables ECFA to partially automate the process for managing inter-company transactions that bogged down the finance team with QuickBooks.
Intacct will also provide ECFA with real-time visibility and control over spending, and will enable them to more easily manage cash across their various locations. Intacct will help ECFA increase productivity by managing all of their cash accounts in one centralized location – allowing them to manage cash flow, forecast cash needs, maximize investment returns and ensure compliance with all cash handling processes.
Another aspect of Intacct that impressed ECFA was its reporting and analysis capabilities. Intacct offers a set of powerful tools for real-time business intelligence, management and control. With Intacct, ECFA can easily create and share dashboards that contain real-time interactive charts and reports, as well as financial and operational analytics. Intacct includes built-in performance management capabilities that make it easy to define and publish key performance indicators across the business. This will provide ECFA with improved local and consolidated visibility into it finances when making business decisions, and enable them to track and manage key business metrics in real time.
“Gaining the ability to manage our business entities in one place and eliminate much of the manual data entry by moving to automated processes should provide us with a significant return on our investment in Intacct,” added Huston. “Though we are just at the early stage of our deployment, we have been very impressed with Intacct – especially with how easy the system is to use. We continue to explore and look for additional ways we can utilize the system to improve processes and get even more benefit from Intacct’s powerful applications.”
For more information on the Intacct financial management system, please visit http://us.intacct.com/pr/products.
About Eye Care for Animals
The Eye Care for AnimalsSM group is dedicated to providing the finest in veterinary ophthalmology services for dogs, cats, birds, pocket pets and horses. ECFA’s staff of board-certified ophthalmologists and clinical specialists provide the highest level of care, education, and understanding to you, your pet, and their referring veterinarians. The scope and depth of ECFA’s expertise is demonstrated by a growing roster of more than twenty-five Diplomates of the American College of Veterinary Ophthalmologists and a host of doctors and ophthalmology residents pursuing board certification. ECFA practices are located in Arizona, California, Illinois, Kansas, Kentucky, Maryland, Nevada, New Mexico, Ohio, Texas, Utah, Virginia and Wisconsin. Their combined resources treat more than 25,000 patients a year. For more information about Eye Care for Animals, please visit www.eyecareforanimals.com.
About Intacct
Intacct is the market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. Bringing cloud computing to finance and accounting, Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by thousands of businesses from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.
Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.
Media Contacts:
Peter Olson
408-878-0951
polson@intacct.com
Twitter:Intacct_Peter
Source: Intacct