Since implementing Sage Intacct, the year over year KPI growth has been no less than 12%, while DXD’s finance team headcount has remained the same. Penner says, “We’ve seen tremendous growth in the amount of volume that we’ve been able to process as a team. Both transaction volume and dollar volume. The number of tax returns that we’ve been able to issue with our tax team, the number of K1s that we’re able to get out for our investment partners, and it’s still just three of us in-house.”

Ferranti adds, “We’re also able to close our financial statements in a more timely fashion. My KPI for the finance team at DXD is that we’ve doubled in size and I have not doubled the accounting team. That is due to the fact that we have clean data. We’re in a system that we can build a process around. It allows us to scale without adding additional overhead.”

One specific example of efficiency is expense management, where DXD has saved the equivalent of a full-time employee’s salary. “When I first started, we had maybe 7 employees, and we’re close to 30 now. Everybody has been issued a corporate spending card, so we probably have close to 400 credit card transactions every month. Manually entering those into our legacy system would have been almost a full-time job. Now, because we use a credit card processing platform that integrates directly with Intacct, we’re able to keep pace with the volume,” describes Ferranti.