Case Study: Aicent achieves streamlined multi-entity, multi-currency consolidation and faster financial closes with Sage Intacct

Aicent streamlines multi-entity and multi-currency management with Intacct

Aicent, a provider of mobile data services for global wireless carriers, outgrew its single-user head-office accounting system while its European and Asian subsidiaries each ran different financial systems. That patchwork forced painstaking, error-prone Excel-based consolidation and currency conversions, driving up labor costs and delaying timely financial close.

Aicent implemented Intacct’s on-demand, web-based multi-entity and multi-currency financial management system, enabling automatic currency conversion and real-time consolidation with 24/7 access for all offices. Implemented in 60 days, the solution cut the close cycle from several weeks to under two weeks, improved data integrity and decision-making, reduced IT costs (no in-house support required), and created opportunities to shift processing to lower-cost locations.

Aicent

Kallen Chan

CFO