Case Study: Brookfield Public Securities achieves faster insights and 40% AP productivity gains with Sage Intacct

Sage Intacct helps Brookfield lay a foundation for growth

Brookfield’s Public Securities Group, a wholly owned subsidiary of Brookfield Asset Management managing about $16 billion in public real estate and infrastructure securities, was hampered by a legacy mainframe, paper-based processes, and cumbersome, centralized accounting workflows that made reporting slow and IT-dependent. The distributed finance team needed a cloud financial system with flexible, multi-entity reporting and simple configuration to support growth and frequent organizational change.

By implementing Sage Intacct (with American Express vendor payment services), the group automated accounts payable, cutting approval and payment time by about 40% and clearing a backlog of 100+ bills, shortened its monthly close to 10 days, sped quarterly reporting by more than a week and made annual reporting 50% faster. Multi-dimensional general ledger reporting saved roughly 120 hours a year, enabled real-time, granular analysis for budgeting and vendor negotiations, and delivered payback in under six months while allowing the team to scale with minimal headcount.

Brookfield Public Securities

Kyle O'Connor

VP of Finance & Accounting