Mountainside Fitness Centers Gets Financials in Shape with Intacct's Best-in-Class Financial Management

Growing Health Club Chain Turns to Cloud Accounting to Strengthen Decision-Making While Saving Over $140,000 Annually

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Dec 18, 2014, 08:45 ET

SAN JOSE, Calif., Dec. 18, 2014 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software, today announced that Mountainside Fitness Centers graduated from QuickBooks to Intacct in order to help facilitate future growth through automated financial processes and greater financial insight. By implementing Intacct, the company gained the ability to easily manage, consolidate and analyze financials across 22 separate entities, while dramatically streamlining purchasing, accounts payable and reporting for increased productivity.

In a new case study published today, Intacct highlights the results Mountainside Fitness achieved by switching to Intacct's cloud financial applications. The full case study is available for download at: http://online.intacct.com/rs/intacct/images/cs_mountainside_fitness.pdf.

Here is a quick overview of the profile:

Previous Business Challenges Faced by Mountainside Fitness:

Fast-growing services business needed a flexible and full-featured financial management system to support ongoing expansion
Wanted to streamline accounting for 22 entities, automate manual processes, eliminate duplicate data entry and improve financial controls
Needed to integrate financial management with existing business applications
Looking for richer, multi-dimensional reporting to gain greater insight into club cash flow and other metrics

Results with Intacct:

Maintained company's rapid growth while minimizing finance headcount, saving $140,000 in anticipated salary costs
Automated financial processes shortened monthly closes by 20 days and financial controls improved data accuracy
Easy data sharing with other systems and streamlined AP workflows saved several days of manual work every month
Ability to report on cash flow and other trends across locations and departments improved decision-making, in one instance saving $250,000 in EBITDA value

Highlighted Comments from Tracy Taylor, Mountainside Fitness CFO:

"We're paving a path towards a $100 million company, and in order to support this goal we knew we needed a powerful cloud-based financial management application. We ultimately chose Intacct over NetSuite, Microsoft Dynamics and Sage, because it was the most user-friendly, affordable system that provided deep financial capabilities."

"As a result of all our productivity improvements, my team has been able to keep up with Mountainside's expansion without adding the 5-6 full and part-time employees we originally anticipated. Now that we have Intacct, I'm confident we'll be able to double the number of entities we support while managing an efficient and timely month-end close with just one or two additional team members in the next 3-4 years – saving us of approximately $140,000 in corporate payroll costs."

"Intacct's multi-dimensional general ledger allows us to capture the right information and have it at our fingertips at the right time. We can now slice and dice our expenses and revenues by location, by department, by vendor or by customer, and our managers can view a number of different reports that help them make better operational decisions for our future."

Additional Resources:

Visit the Intacct website
Learn more about how Intacct helps multi-location franchise organizations
Follow Intacct on social media: Facebook, Google+, LinkedIn, Twitter, and YouTube
Follow the Intacct blog

About Intacct
Intacct is the cloud financial management company. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct's accounting software, in use by more than 7,300 organizations from startups to public companies, is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue recognition, project accounting, fund accounting, inventory management, 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. Connect with Intacct on LinkedIn, Facebook, Twitter, Google+, and YouTube.

Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.

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SOURCE Intacct