Case Study: CoVenture achieves 10x faster month-end close and automated multi-entity accounting with Sage Intacct

CoVenture has more time to invest in business strategy thanks to Sage Intacct

CoVenture is a multi-asset investment firm that had grown to roughly 30 entities and profit centers but was running on an entry‑level accounting application and manual Excel processes. Complex expense allocations, intercompany entries, and multi-entity reporting made monthly closes slow and tedious—taking 50–60 hours a month—and limited visibility into key financial metrics.

Working with CLA, CoVenture implemented Sage Intacct to automate rules‑based expense allocations, intercompany journal entries, multi‑entity financials, and customizable reporting. The change cut monthly close time to as few as six hours (about a 10x improvement), automated dozens of allocation rules, improved metric visibility, and freed finance leadership to focus on strategic growth.

Coventure

Isaac Strulowitz

Chief Financial Officer