EC Hispanic Media

Cloud-Based Flexibility to support Ongoing Growth

EC Hispanic Media, the largest print and online presence serving Spanish-speaking Latinos in the U.S., multi-media company EC Hispanic Media has been growing steadily. It has expanded its print circulation from 20 to 48 regional zones in the last five years alone, while also increasing its focus on online properties and grassroots
event promotions.

“Intacct has reduced the amount of time we spend preparing
financial statements by at least a third, and cut our monthly consolidation and close process in half. We can also look
at any type of breakdown we need, and better manage the company through an accurate, holistic view of our financial
and operational metrics.”

Gil Garcia, CFO  | EC Hispanic Media

Process automation from Intacct enables EC Hispanic Media to reduce manual data entry throughout the month and the finance team can now more easily gain access to revenue and expense details for its different regional zones. Even though some of the company’s revenues overlap across several zones or advertising types, Intacct’s automated revenue recognition functionality allows the company to easily categorize this income accurately.

EC Hispanic Media has also improved employee productivity and reduced errors by using Intacct to replace previously manual process with online self-service functions.

EC Hispanic Media logo

Company Facts:

Name: EC Hispanic Media
Location: Norwalk, CA
Industry: Publishing
Employees: 162
Software: Intacct
Website: echispanicmedia.com

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Features

Purchasing, Accounts Payable,
Reporting, Time & Expense Management

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Bulk TV & Internet

Previous Business Challenges

  • Growing media company needed a flexible financial management solution that automates financial processes.
  • Needed to more effectively manage and report on ~50 product lines.
  • Wanted richer reporting functionality for greater insight into its dynamic business.
  • Looking to implement a cloud-based solution for anytime, anywhere access.

Results with Intacct

  • Gained ability to easily track, monitor, and report on several product lines, regions, ad types, projects, etc.
  • Automated processes for purchase requisitions, invoice approvals, and time and expenses .
  • Halved monthly close process and cut time spent preparing financial statements by one third.
  • Achieved greater visibility into both financial and operational metrics to better manage the business.
  • Saves $100,000 annually by avoiding additional finance headcount.

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