Acquis Consulting Group Sends Accurate Invoices within Hours of Month-End with Kantata
Industry
Challenge
Employees
Geography
Acquis, a global consulting firm specializing in strategy and implementation, adopted Kantata to maintain control of the business as it expanded, and to give everyone across the business a solution that they would be happy to use.
Since going live in January 2018, Kantata has helped the Acquis finance team has managed to reduce the time taken to send out invoices at the close of each month from three days to just a few hours. The business has also been able to expand without needing to add headcount to the back office team.
“Despite Acquis’ tremendous growth, the finance team has been able to handle all the extra work without needing to take on more resources,” says Controller George Ehrhardt. “Using Kantata has increased our productivity significantly.”
Acquis, repeatedly named one of the ‘Best Small Firms to Work For’ by Consulting Magazine, is a world-class management consulting firm best known for helping ambitious organizations design strategies and putting those strategies to work.
“Previously, it was very time-consuming to get information out of disparate systems that didn’t talk to one other. Billing hundreds of clients was a monumental undertaking and it took three days to get the invoices ready. But now after three hours, all the invoices are generated.”
Controller, Acquis
The Challenge
Prior to adopting Kantata, it was difficult for decision-makers across Acquis to surface relevant information using siloed systems that, according to George Ehrhardt, “provided a lack of centralized insight and reporting.”
Project managers looking for an answer to a commercial question would previously need to raise a request with the finance team, who would draw the information from their systems and pass it on. “You couldn’t find that information on your own and even if you needed to know something that was time sensitive, you had to wait.”
Month-end and billing processes were also labor-intensive. “Previously, it was very time-consuming to get information out of disparate systems that didn’t talk to each other. Billing hundreds of clients was a monumental undertaking and it took three days to get the invoices ready. But now after three hours, all the invoices are generated.”
“Despite Acquis’ tremendous growth, the finance team has been able to handle all the extra work without needing to take on more resources. Using Kantata has increased our productivity significantly.”
Controller, Acquis
The Solution
Reducing Revenue Leakage
Acquis turned to Kantata to give project managers increased visibility, which has enabled better-informed decisions and reduced revenue leakage.
Improving the Invoicing Process
Since going live in January 2018, the finance team has leveraged Kantata to reduce the time taken to send out invoices at the close of each month from three days to just a few hours.
Scaling Without Increasing Back Office Headcount
Kantata has enabled Acquis to grow without needing to add headcount to the back office team.
Benefits
- Improved cash-flow
- Easily able to share information across the business
- Ability to scale without adding back office headcount
- Reduced revenue leakage
reduction in time to generate invoices at month-end