Private Equity Firm Modernizes Accounting Operations

This case study outlines the collaboration between a leading private equity firm and Armanino to modernize the firm's accounting operations using Sage Intacct, a cloud-based financial management solution. The firm faced challenges due to its legacy general ledger system, which hindered efficiency as the business expanded and the workforce doubled. The assistant controller highlighted the difficulties in manual processes, such as customizing invoices and generating timely financial reports. The implementation of Sage Intacct aimed to automate these processes, providing detailed reporting and real-time dashboards for better visibility. The partnership with Armanino facilitated a seamless deployment, allowing the firm to reallocate time previously spent on manual tasks to strategic activities. The results included significant time savings in bill-paying and reporting processes, as well as enhanced capabilities for financial analysis and reporting. Ongoing support from Armanino is expected to further optimize the firm's use of Sage Intacct, ensuring continued success in their financial operations.