Aicent streamlines multi-entity and multi-currency management with Intacct
Aicent, a provider of mobile data services for global wireless carriers, needed to find a flexible, uniform platform with multi-entity and multi-currency support to manage its increasingly complex finances globally. Aicent needed to:
Provide multi-entity functionality with real-time consolidation of accounts.
Automatically convert currency for accounts from overseas operations.
Reduce IT support costs.
Provide mobile executives with real-time business intelligence
Intacct’s multi-entity and multi-currency web-based capability has worked extremely well for us. It allows our different subsidiaries and local offices to input their financial data remotely in their local currency. Automatic consolidation then generates very good data for analysis. We’ve seen substantial improvements in efficiency and accuracy.
Kallen Chan, CFO, Aicent
Aicent implemented Intacct within 60 days, and now has faster access to mission-critical financial data. Intacct has helped Aicent:
Pare the time to close its consolidated financials from several weeks to less than two weeks.
Lower IT support costs with a web-based solution.
Improve productivity by distributing some financial data processing tasks to overseas locations.