Nancy McCarthy didn’t start out as an accounting and financial management software consultant. As an undergrad, she majored in Accounting at ASU and following graduation she began her career as a senior accountant with a major hospital. Nancy was then promoted into progressing accounting roles with various companies and became a CPA before starting her own company, where she served as acting Controller for firms in transition. She enjoyed the exposure to a variety of industries and types of businesses.
Nancy’s experience provides her with the unique perspective of the end user, having worked in multiple industries and small to medium sized companies. Her years of professional experience also gives her insight on the pros and cons of working with various different accounting systems. Prior to joining Silverware, she spent almost two years overseeing complex Intacct implementations for a cyber security company and the joint venture arm of a prominent biotech research company.
We had a chance to sit down with Nancy to talk about her experience and learn how she made the transition from accountant to Intacct Implementation Consultant:
How did you come to be an expert in Intacct accounting software implementations?
I had been an Intacct user for 4 years before I became a consultant, so I really felt like I had a good perspective and could significantly help other companies make a smooth transition because I had dealt with the day to day transacting within Intacct. There are always common denominators when you go through the implementation process, but each company has its own set of needs. My previous experiences have enabled me to understand the unique perspectives of these businesses and help them to transition their financial systems and help solve their existing pain points. That is one of the things we do so well at Silverware. We assess the nuances of the companies we work with to create solutions that will best address their operational needs now and down the road.
When should companies really start to consider making the transition to Intacct accounting software?
The perfect time for a company to transition is when they have outgrown their current software system, maybe because they now have too many users, or now have multiple entities or business lines, and want to move to a more robust, cloud-based accounting ERP system.
What types of companies or organizations will benefit most from using Intacct?
The true sweet spot for Intacct is multi-entity, multi-location and multi-product organizations. The franchise industry and software industry are particularly good fits. Any business with subscription-based revenue is also ideal. When a company starts to need more than QuickBooks, but is not ready for SAP or Oracle, Intacct is the best mid-market, cloud-based solution.
Tell us about an Intacct implementation that was particularly challenging.
I recently worked with a company that has multiple entities and multiple lines of business. They were using an older system that couldn’t handle the scope of their operations. We had to come in and gain an understanding of their various business processes and their unique and specific reporting requirements. By implementing Intacct, we were able to simplify the existing accounting system and give the company a more efficient solution for updating and accessing their financial information and producing reports, along with streamlining their day to day AP and AR business processes.
What is it you love most about working with clients?
I love learning about a client’s current business processes and then teaching them how a true multi-dimensional, multi ledger system will transform their company!
If you are interested in learning if Intacct is a good solution for your company, contact Nancy McCarthy at Nancy@sliverw.com. And if you’re ready to grow your business, get your free organizational readiness assessment.