Medway Development Company Ltd Case Study
Improved Control, Visibility and Strategic Focus with Intacct; Medway Development Company Ltd
As Medway Development Company Ltd grew, it became clear they needed to switch their financial management from outsourcing to in-house, in order to gain greater financial visibility and control, and support strategic development.
See how implementing Sage Intacct with Acuity24 helped them achieve their goals, and why they described the process as “positive and fun” in the Case Study:
The Challenge
Outsourcing their financial management was proving a challenge for Medway Development Company Ltd, who deliver high quality residential housing, as part of Medway Council’s ambitious regeneration plans.
Financial visibility and control became of greater importance, yet increasingly difficult as the business grew.
Medway’s board decided bringing finances in-house was essential, with key objectives including:
- To establish effective internal financial controls.
- Improved visibility of financial results for internal and external stakeholders.
- The ability to enhance timely, data-led decision-making, to aid strategy formulation and monitoring.
The Solution
Medway evaluated several financial management solutions, with cloud-based Sage Intacct leading the pack.
Finance Director, Jedene Arnold FCCA, stated:
“Sage Intacct stood out due to its robust functionality with the ability to quickly navigate across multi entities, ease of implementation, and ability to provide real-time insights and reporting.”
On Medway’s reasons for selecting us as their Sage Intacct Partner, they highlighted:
“Acuity24 was chosen as the Intacct partner because of their expertise in implementing Sage Intacct, their strong track record of successful projects, and their ability to provide tailored solutions, for example the provision of a CIS module and a tailored approval workflow.”
The Transition
Describing the implementation process as “positive and fun, with effective communication” MDC Ltd noted the transition to Sage Intacct was smooth, with the Acuity24 team promptly handling any challenges that arose and providing “excellent support throughout the process.”
The Result
Since their successful Sage Intacct implementation, Medway have achieved several benefits so far, including:
- The ability to provide real-time, accurate numbers to key stakeholders.
- Tangible time savings and improved efficiency through automation.
But the biggest benefit so far has been a more improved focus on strategy.
In summary, MDC Ltd shared “These benefits have positively impacted both the business and its users, who are now empowered to make more accurate, data-led decisions.”
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FAQ’s
Why do organisations bring finance functions in-house?
To gain greater control, improve financial visibility, and support more strategic decision-making as the organisation grows.
How can property or development companies improve financial control?
By implementing systems that provide real-time reporting, approval workflows, and structured financial processes.
What is the benefit of real-time reporting with Sage Intacct?
Sage Intacct enables stakeholders to access accurate, up-to-date financial data instantly, improving decision-making and transparency.
How does Sage Intacct support strategic financial planning?
It automates reporting and provides detailed insights, allowing finance teams to focus on forecasting and long-term planning.
Is Sage Intacct suitable for public sector or government-linked organisations?
Yes, Sage Intacct supports strong governance, reporting, and audit capabilities, making it suitable for organisations requiring transparency and control.
What does a Sage Intacct implementation involve?
It includes system configuration, data migration, workflow setup, training, and go-live support.
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