New Horizons Takes It Higher With Sage 500 ERP
Company Size
1,000+
Region
- America
Country
- United States
Product
- Sage 500 ERP
- doc-link
- AP MICR
Tech Stack
- SQL database
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Analytics & Modeling - Real Time Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries
- Education
Applicable Functions
- Business Operation
Use Cases
- Inventory Management
- Supply Chain Visibility
Services
- System Integration
- Training
About The Customer
New Horizons Computer Learning Centers, Inc. is the world’s largest independent computer training network. It offers businesses and individuals more choices for learning than any other company, with instructor-led, web-based, and client-site training options. More than 1,400 customized courseware titles are available in 15 languages, with a cutting-edge curriculum and PC for each student. New Horizons is one of Fortune magazine’s 100 fastest-growing companies, and named on Forbes’ list of 200 best companies under $500 million. The company has 280 sites in 44 countries and employs 1,200 people.
The Challenge
As the new millennium approached, New Horizons faced several challenges. Each corporate-owned center used a different accounting package and handled accounts payable separately. Manual consolidation of financial statements had become an impossible burden as New Horizons pursued its strategy of buying back selected franchises. Leesa Dupree, financial analyst, was named project manager in the search for a new solution. Dupree evaluated several mid-market and tier-one packages, looking for an intuitive, scalable system that was flexible enough to meet the tough demands of a fast-growing technology firm.
The Solution
New Horizons now uses Sage 500 ERP for all standard accounting functions as well as complex reporting. It allows in-depth financial analyses such as pricing analysis on all of their corporate-owned centers. They can prepare reports against their SQL database, which covers all their companies, and receive clear answers concerning their product mix and cash collection efficiency. New Horizons has experienced the greatest benefits in the area of company consolidations. Dupree saw additional opportunities for eliminating paper with doc-link from Altec, which integrates seamlessly with the Sage 500 ERP Accounts Payable module. All invoices now coming to corporate accounts payable are scanned and forwarded electronically to the learning centers for review. The controller in each center can approve, annotate, and return the invoice in a totally paperless process. The approved invoice image is booked into Sage 500 ERP and indexed into doc-link for permanent filing.
Operational Impact
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