Case Study: WebAssign achieves streamlined project accounting and $130K annual savings with Massey Consulting (Intacct implementation)

Webassign streamlines financial processes and increases project insights with Intacct

WebAssign, a rapidly growing provider of online learning solutions, was struggling to capture and monitor project and HR data using QuickBooks, Excel and then Microsoft Dynamics GP — whose clunky timesheet interface led to paper-based approvals, inefficient PTO tracking and limited project visibility. Massey Consulting recommended moving to Intacct’s cloud financial management platform to provide a more intuitive, web-based solution with customizable dashboards, multi-dimensional reporting and online approval workflows.

Massey Consulting migrated ten years of financial history into Intacct and implemented Intacct Project Accounting and the Time and Expenses module, giving role-based web access and real-time project reporting. As a result, WebAssign achieved a consistent 3-day monthly close, eliminated over 500 hours of workaround labor annually, saved about $130,000 in annual salary costs despite double-digit growth, reduced AR/AP processing time and gained the reporting and visibility managers need to forecast and control margins.

WebAssign

Barbara Raess

Financial Planning Analyst