Specialised Professional Services Firm Increases Project Profitability with New Insights from Sage Intacct

Founded in 2015, Network Partners provides professional and consulting services to the medical device, pharmaceutical, and biopharmaceutical industries, with client project management at the core of its business. In its early days, the company’s finance team used Intuit QuickBooks for its financial accounting and reporting and a separate tool for time tracking. However, as the business grew rapidly in recent years, the software’s functionality no longer met its needs, and the team struggled with inefficiency and duplicate data entry. Network Partners recognised therefore, the need for a more sophisticated financial system that could support project management, time tracking, and reporting, while offering enough flexibility to grow and evolve with the company. Thus, the finance team ultimately chose Sage Intacct for its robust capabilities, and worked with Sage Intacct partner BKD to configure the system to their specific business needs. As a result, they improved efficiency by 70% even amidst 175% revenue growth, saved 24 hours per month on invoicing, and gained crucial visibility that helped support Network Partners’ 2x growth in anticipated revenue.