Grant Thornton LLP Trust Its Operations to Sage 300
Company Size
1,000+
Region
- America
Country
- Canada
Product
- Sage 300
Tech Stack
- SQL
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Professional Service
Applicable Functions
- Business Operation
Use Cases
- Predictive Quality Analytics
- Supply Chain Visibility
Services
- System Integration
About The Customer
Grant Thornton LLP is one of the Canadian members of Grant Thornton International Ltd., one of the world’s leading organizations of independently owned and managed accounting and consulting firms. The firm has over 40,000 employees across 130 countries. The Canadian firm operates from locations spanning from Victoria, B.C., to St. John’s, N.L., and employs more than 4,000 professionals. As a professional accounting firm, Grant Thornton LLP is very discriminating when it comes to selecting their own internal accounting applications. The firm standardized its operations on Sage 300 back in 1999.
The Challenge
Grant Thornton LLP, a member of Grant Thornton International Ltd., is a leading organization of independently owned and managed accounting and consulting firms. The Canadian firm operates from locations spanning from Victoria, B.C., to St. John’s, N.L., and employs more than 4,000 professionals. The firm standardized its operations on Sage 300 back in 1999. However, until 2005, each of the firm’s business units ran a separate instance of Sage 300 software, sending summarized data to the company’s headquarters in Toronto. This led to inconsistencies in account structure, security issues, and control of the database. The firm also found that the administration and reporting of Harmonized Sales Tax (HST) was more easily managed.
The Solution
To address the challenges, Grant Thornton LLP consolidated its operations on Sage 300. The benefits resulting from the consolidation are significant. By centralizing the application, the firm was able to ensure consistency in account structure and avoid duplicates or multiple formats. Security is more easily managed, as fewer individuals need access to sensitive administrative data. Control of the database overall, including backups and storage, also is better served. The firm’s business units are represented as individual companies in the Sage 300 system; each has secure access to its company database to enter accounts payable transactions, complete journal entries, and run various reports. Many other transactions, however, originate at a corporate level and need to be allocated across the business units. By using the Intercompany Transactions module, Grant Thornton LLP is able to distribute accounts payable transactions and general ledger journal entries to each business unit in a single transaction.
Operational Impact
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