Major financial transformation can drive data-driven decision making within a business
Leading with change can be difficult for finance leaders. Many businesses stay with the same software, due to being comfortable with how it works and the systems they have built to use the software without realising this could actually be what’s holding them back. We want to share with you some insight into the challenges faced by SIFMA and how Sage Intacct helped them to increase efficiency within their complex financial processes.
Read the case study and find out more about the challenges and solutions offered by Sage Intacct.
The Securities Industry and Financial Markets Association (SIFMA) is the leading trade association for global investment bankers, broker dealers, and asset managers. After merging with multiple advocacy organizations during its rich 100-year history, SIFMA is now based in New York and Wash- ington D.C. For the past fifteen years, its finance team used an outdated on-premises version of Microsoft Dynamics SL to manage the organisation’s complex financial processes.
Replacing a 15-year-old Legacy System with Modern Financials in the Cloud
Over the past year, Sage Intacct consulting partner, Wipfli, helped SIFMA’s finance team successful- ly overhaul their manual workflows. “Wipfli did an amazing job helping with our finance transforma- tion and making our financial performance more transparent across the organization,” noted Usasz. “From implementing Sage Intacct, to integrating it with other best-in-class tools like Stampli for accounts payable automation, Concur for employee expenses, and Vena Solutions for financial re- porting, we’ve freed up a lot of resources. For example, we cut A/P processing by 50 percent – time we can instead spend building dashboards, expanding our reporting, and improving our month-end close.”
Read more from SIMFA about how their business lead with change by introducing Sage Intacct and letting go of out-dated software.
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