Success Story: Australian energy company enhances accounting efficiency by 30%

Sage Intacct helps Weston Energy simplify its accounting with an easy-to-use solution

Weston Energy helps its customers buy gas in new ways to keep the cost of energy down, offering greater flexibility and complete transparency so they can make informed decisions when purchasing gas.

Key outcomes

• Achieved 30% time saving with accounts receivables
• Streamlined reporting and control of key accounting metrics
• Real-time accounting visibility with intuitive dashboards
• Enhanced efficiencies across multiple accounting entities
• Simplified accounting processes with an easy-to-use solution

About Weston Energy

Weston Energy is a Sydney-based gas retailer, backed by Weston Aluminium, one of Australia’s leading recycling and industrial services businesses.

Held back by limited, outdated financial management software

Weston Energy’s financial controller, Chris Mouradjallian, says its legacy software was causing several challenges. “Our previous financial management software was very outdated. The solution was hosted on a server and had very limited functionality. For instance, you couldn’t reverse or edit certain actions. It was very difficult to monitor and control our accounts receivables. We had a change in management within the business, so we were being asked to provide different financial reporting and data. Our previous system couldn’t help us meet these requirements. Ours is a multi-entity business, and our previous solution was set up on a single-entity structure. We needed a modern financial management solution that would allow us to manage multiple entities.”

Upgrading to a flexible, cloud accounting solution – Sage Intacct

Facing these challenges, Weston Energy began browsing the market for a more capable accounting solution. They chose Sage Intacct – a highly intuitive, cloud financial management solution that delivers deep accounting capabilities for scale-up and enterprise businesses across all industries. Sage Intacct helps businesses gain real-time financial insights and automate complex processes, and its open API allows you to share data and connect multiple solutions easily.

Gaining financial visibility and simplifying accounting across the business

“Sage Intacct has helped us dramatically simplify our accounting processes. We can now process accounts receivables 30% quicker than with our previous solution,” says Mr Mouradjallian. “Sage Intacct makes it much easier to report on, monitor, and control our key accounting metrics, especially our accounts receivables and accounts payables. The solution’s intuitive dashboards provide an easy-to-use hub where you can see all the critical information you need, in real time.”

The way forward

As an accredited and awarded Sage Intacct reseller, we view our clients’ success as our own and are dedicated to helping them find their way forward. Offering ongoing support, training, and resources ensures that our clients maximise the benefits of Sage Intacct and stay abreast of the ever-evolving business landscape.

Having implemented Sage Intacct for many businesses in ANZ across diverse industries, our experience spans areas such as Software and SaaS, Family Offices, Non-profit Organisations, Financial Services, NDIS and Human Services and many other industries.

Email us at Akuna Solutions for a free consultation and explore with a Sage Intacct implementation specialist how to leverage modern technology available today to future-proof your business operations.

Photo by ThisisEngineering on Unsplash