The One Vision Solutions customer marketing team is excited to share the recently published customer story assets for HoganTaylor, a professional services customer benefitting from an implementation of both Sage Intacct and Sage Intacct Budgeting and Planning. Check out the financial management case study and slide, budgeting case study and slide, and read on for more details.

HoganTaylor is one of the largest business advisory and public accounting firms in Oklahoma and Arkansas providing tax, assurance, risk, business advisory, accounting, technology, and industry-focused services. In early 2018, HoganTaylor took a two-phase approach to finance modernization to help accommodate growth and diversification, upgrading from Sage MAS 90 to Sage Intacct, then adding SIBP to replace painful budgeting in Excel. After going live, the team gained from both products while HoganTaylor’s workforce grew to more than 350 professionals and the firm made Accounting Today’s Top 100 Firms list for the first time. Specifically, the finance team realized the following benefits:

  • Increased overall accounting efficiency by 90% and overall budgeting efficiency by 50%
  • Sped the close by 50% across 4x more entities
  • Eliminated $200,000 in administrative overhead annually
  • Realized rapid adoption of SIBP by 15+ budget owners, and save budget stakeholders 100 hours of manual work monthly

“We wanted the ability to put more detail in the general ledger, do financial reporting from the solution, and share information with stakeholders through dashboards. Sage Intacct checked all those boxes.

  Background

“MAS 90 was little more than a housing mechanism for our debits and credits, so any type of reporting or analysis required data exports and manipulation in Excel. We’ve been shifting toward more advisory services and additional offerings, and it would have been virtually impossible to track performance in our previous environment.”

– Wes Gilliam, Chief Accounting Officer, HoganTaylor

Selection

Anticipating how growth would impact its lean accounting team with more manual data work, HoganTaylor evaluated Oracle NetSuite, Microsoft Dynamics GP, Xero, and QuickBooks Online before selecting Sage Intacct. Multi-entity accounting capabilities, rich dimensional reporting, and an open API for integration with best-of-breed apps were key differentiators. The following year, HoganTaylor evaluated several budgeting packages and chose SIBP for its integration with Sage Intacct and it was also more affordable than some alternatives.

Benefits

Since going live in early 2018, HoganTaylor has gained capacity to scale accounting without adding headcount. The six-person accounting and finance team handles multi-entity accounting across 4x more subsidiaries while also dramatically cutting monthly close time. Additionally, these efficiency gains free up time to invest in more analytics and other value-added work, like quadrupling reports and creating dashboards for users including non-finance executives, department heads, and subsidiary leaders.

After replacing Excel budgeting with SIBP in late 2019, the team saw rapid adoption of the software among 15+ budget owners without major hiccups, thanks to role-based permissions, transparency, and ease of use. Visibility and process controls give the team new assurance that budgeting is done correctly and accurately—without the headaches of tracking status via emails and spreadsheets.