Could saving 8 hours a month wrapping up your month-end accounting processes make a big impact on the success of your business? After implementing Multi-Entity Management (MEM), Addison Lee was able to achieve this and started saving a full-day of manpower every month.
Before MEM, the company was forced to manage many different companies in disparate systems. This meant the accounting team was constantly logging into and out of different databases because their processes were so disjointed. This added hours to their every month accounting cycle, and in doing was a huge waste of time, manpower, and money.
The company had simply grown too big for Quickbooks. As Accounting Manager, Lori Dondiego was the person carrying most of the burden caused by their broken system.
When an associate of Lori’s suggested Multi-Entity Management (MEM) from Binary Stream, she was quick to jump at the opportunity. It would help her consolidate all of the different databases that she was currently struggling to manage.
“I wasn’t sure how it would work” recalled Lori, “I just knew that anything would be better than my current system. As it turned out, MEM was a perfect solution!”
After a very short implementation period, Lori noticed an immediate improvement in her team’s work. They were able to process payments, payroll, invoicing, and purchase orders much more efficiently. Vendor processing is also easier, “Rather than sending multiple checks to the same vendor, we were able to send just one check on behalf of all entities instead.”
The solution helped her team become more efficient, saving them 8 hours a month. It also allows them to focus on more strategically important accounting tasks. “Our experience with Multi-Entity Management by Binary Stream has been amazing. Words to describe it are efficient, effective, and powerful.”