BTerrell Group Blog

How can CFOs stop relying on Excel as an accounting subsystem?

Posted by Brian Terrell on Thu, Oct 20, 2022

There's a lot to unpack here. This CFO explains the many benefits of and peace of mind from using up-to-the-minute information from a modern, cloud-based financial management application instead of compromising on Excel as an accounting subsystem:
"And, speaking to the importance of BTerrell, I think I opened the account allocation definitions for the first time, and I was like...whoa, there's some stuff here! I must figure all this out. But after three meetings with Chris, three 45 minute to one hour meetings, I was writing allocations in less than a few minutes."
Jack's talking about using Sage Intacct's Dynamic Allocations module to model the compensation plan of his healthcare providers. Most use QuickBooks and Excel, and those Excel spreadsheets require monthly updates, are prone to errors, and are unavailable to the healthcare providers until the very last minute.
Jack now has totally automated and completely up-to-date comp models appearing on his dashboard in his browser every day of the the month. And, if he chooses to, his providers can have the same. Freeing accounting professionals from the beat down that always comes with using Excel as an accounting subsystem...that's a tremendously valuable outcome.
"I'll say it again, and I'm certain I've said it a few times, anything in Intacct is just a few clicks away."
To learn more about Sage Intacct, BTerrell SmartSuite, and BTerrell Marketplace Partner Products, schedule an introductory call today using this safe link:
Now is the time to insist on membership in BTerrell SmartSuite!

Tags: Quickbooks upgrade, Intacct, Quickbooks, outgrown Quickbooks, Sage Intacct, BTerrell SmartSuite