As business grew and expanded, 4C Insights was outgrowing QuickBooks and Exact. This became clear when they acquired Teletrax and added a global element to their business. Going global and expanding brought on a new set of challenges, including:
- Global business in several currencies
- Multiple Charts of Accounts
- Different accounting solutions, which made it impossible to implement standard workflows and business processes
- Manual data uploads were cumbersome
- Global consolidation created a burden for the accounting department
From QuickBooks and Exact to Intacct:
4C Insights chose Leap the Pond to implement Intacct, a cloud-based accounting software solution, across all their business entities because they wanted to standardize their business processes and accounting workflows. In addition, Intacct enables them to increase communication between locations, significantly improve accounting processes, and manage global consolidation in multiple currencies.
Results that Keep on Growing:
Before using Intacct, each location’s accounting system was independent; they now have one unified system that enables 4C Insights to:
- Manage their finances more efficiently
- Incorporate a single Chart of Accounts across all business entities
- Implement global consolidation in multiple currencies
- Allows for Value-Added Tax (VAT)
- Simplify and streamline key accounting processes
- Create reporting packages at the entity and consolidated level
4C Insights has invested for future growth with Intacct. They have hired new employees with Intacct experience and have participated in education and training opportunities. Intacct allows 4C Insights the opportunity to grow their business without worry that they’ll outgrow their accounting solution.
About 4C Insights:
4C Insights is a global leader in data science and media technology with solutions for multi-screen convergence. Founded in 2011 and based in Chicago Illinois, 4C has staff in 14 worldwide locations across the United States, United Kingdom, the Netherlands, France, Hong Kong, India, and Singapore.
Brands, agencies, and media owners rely on the 4C Insights Affinity Graph™ to identify their most valuable audiences and improve effectiveness across channels. With a large volume of media spend running through its software-as-a-service platform, 4C offers activation on Facebook, Twitter, LinkedIn, Pinterest, Instagram, and Snapchat, as well as TV Synced Ads across display, search, social, and video. 4C Insights also provides advertising and content analytics leveraging its Teletrax television monitoring network which detects over 400 million TV asset airings on an annual basis.
About Leap the Pond:
Leap the Pond delivers Intacct based accounting solutions to small to medium-sized organizations that have BIG plans. Our senior leadership averages more than 20+ years of experience with accounting and operations. Since 2008, Leap the Pond has led more than 350 projects for nearly 300 companies.Like what you see? Read more case studies from customers just like you!