Case Study: IMEG Saves 8 Hours a Month with FinQuery Prepaid & Accrual Accounting

IMEG Reclaims a Day Each Month by Automating Prepaid & Accrual Accounting

IMEG, a rapidly growing engineering consulting firm, was struggling to manage 150+ prepaid contracts and accruals after acquiring and integrating 30+ companies. Its manual month-end process involved running account analyses, tracking invoices in spreadsheets, and calculating recurring journal entries by hand, which took up to 8 hours each month and created rounding errors that complicated audits. IMEG turned to FinQuery’s Prepaid & Accrual Accounting solution to streamline the process.

With FinQuery, IMEG centralized prepaid data, used dimensions to allocate expenses by project, phase, and team, and automated calculations and journal entry generation. The result was 8 hours saved per month, more accurate accounting without spreadsheet rounding issues, simpler audits through read-only access for auditors, and a scalable process that supports continued growth as IMEG acquires new firms.

IMEG

Kelly Swick

Systems Controller