Application Cuts Monthly Close Process by Two Weeks and Delivers $100,000 in Annual Salary Savings
Chatsworth, CA – March 29, 2010 – Warehouse Management Solutions provider ASP Global Services (ASPGS) has modernized and streamlined its finance department with Intacct, the leader in cloud financial management and accounting applications.
Using Intacct's cloud financial management system has enabled ASGPS to automate financial processes, improve financial controls and reduce its monthly close process from 15 days to just minutes. In addition, by better utilizing its finance staff, ASPGS can realize more than $100,000 in annual salary savings.
ASP Global Services helps third-party logistics providers to operate and manage multi-client and multi-site warehouse operations by providing warehouse management solutions designed specifically for the way they work. Wanting to modernize its financial systems, ASPGS evaluated several leading solutions and ultimately determined a cloud-based system was the way to go. ASPGS chose Intacct because it offered several key items the company was looking for:
Better financial processes and controls
A transparent general ledger
Increased visibility into key metrics through reports and dashboards
Integration with Salesforce CRM
"Intacct offers rich functionality, great reporting and it's tremendously flexible," said Mike Mullane, chief executive officer of ASPGS. "Even better, because it is cloud based, Intacct lets us focus on our business without having to worry about keeping our financial software maintained and updated."
Mullane notes that Intacct has effectively opened the door to a new way of aggressive, exacting strategic business planning with the balance sheet and income statement incorporated in the process. For example, Mullane was able to take his business plan for 2010 and transform it directly to Intacct in one evening. In addition, he is planning on putting his multi-year plans directly into Intacct for scenario planning.
"I am starting to use Intacct as my own personal CEO planning tool," added Mullane. "Intacct effectively allows me to 'vet' my strategic plans against financials – not many companies our size can do that. I compare Intacct to a business intelligence tool, because it helps us work smarter and anticipate what we need to do to be more successful."
Moving forward ASPGS plans to further integrate Intacct into its business processes by connecting Intacct with its customer relationship management solution from salesforce.com using Intacct MAX for Salesforce CRM.
To view a complete profile on ASPGS's use of Intacct, visit http://us.intacct.com/pr/aspgs/. For more information on Intacct's cloud financial management applications for Software and SaaS companies, please visit http://us.intacct.com/solutions/software_saas.php.
ABOUT ASP GLOBAL SERVICES
ASP Global Services (www.aspgs.com) is a leading provider of warehouse management solutions (WMS) to 3PL’s, distributors, and warehouse operators. The SphereWMS warehouse management solution simplifies the management of complex order and inventory business processes, making it easy for warehouse operators to manage multi-client and multi-site warehouse operations and manage the flow of information between trading partners, suppliers, and carriers throughout all logistics processes. By providing warehouse management solutions designed specifically for the way logistics providers work, APSGS helps its customers to improve efficiency, compete more effectively, improve top and bottom lines, and provide better visibility and service to customers.
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 Software as a Service (SaaS). Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.