GTM Builders — A premier home builder
Established in the year 2000, GTM Builders has emerged as a premier home builder centrally based in Tooele Valley, Utah. GTM is committed to delivering a seamless and enjoyable experience for individuals embarking on the journey of building a new home.
Navigating Intercompany Accounting: GTM’s Search for the Right Solution
In the realm of construction financial management, GTM grappled with the ongoing challenge of finding the right accounting solution to support their growing business. Frustrated with the limitations of QuickBooks desktop, GTM transitioned to NetSuite in anticipation of a more robust solution capable of providing the consolidated financials required to support their multi-entity organization. Despite NetSuite’s promises of advanced intercompany accounting and multi-entity reporting capabilities, GTM soon discovered that the allure of these features came at the hidden cost of fees and customizations. While NetSuite exhibited transaction-handling capabilities, it required cumbersome workarounds, and additional solutions were only offered as expensive add-ons, prompting GTM to seek a more efficient and cost-effective alternative.
Their challenges extended to the accounts payable (AP) side, where GTM encountered additional hurdles related to intercompany functionality within NetSuite. The manual management of intercompany activity, involving multiple entries, significantly increased the workload for their accounting team. Determined to discover a user-friendly, cloud-based financial management solution that genuinely supported their business needs, GTM began the search for a new software solution.
A Project-Based Solution for GTM’s Inter-entity Accounting Needs
After acknowledging the challenges posed by their existing financial system, GTM turned to CompuData for a solution that could effectively address their intercompany accounting and multi-entity reporting needs. CompuData introduced Sage Intacct Construction, a robust and streamlined solution created specifically for construction companies, customized to fulfill GTM’s specific inter-entity accounting requirements.
Recognizing the unique needs of GTM as a home builder, CompuData also highlighted the significance of accurate project reporting for precise cost analysis, making the customized reporting features within Sage Intacct a significant benefit for GTM. This enabled them to monitor, manage and automate tedious and critical home building processes from material suppliers, subcontracted work scopes, change orders, and customized financial reporting in one centralized ERP.
With over 30 years as a Sage partner, our team of Sage Consultants were able to provide detailed insights into functionality, Sage system expertise, and industry specific knowledge, ensuring GTM maximized the full potential of Sage Intacct. CompuData not only helped with the decision to move to Sage Intacct Construction, but we performed the implementation, seamlessly transitioning GTM to a project-based software with advanced intercompany functionality tailored to their specific needs.
A Seamless Transition to Sage Intacct Construction
The successful implementation of Sage Intacct Construction for GTM has brought transformative results, significantly enhancing various aspects of their financial operations and strategically positioning them for sustained growth. The frustrations experienced with past systems, from QuickBooks to NetSuite, have been replaced by a newfound sense of stability and efficiency.
CompuData’s in-depth knowledge ensured a seamless migration, while the system’s user-friendly menu structure saved valuable time in daily operations, making this transition the easiest and most rewarding among GTM’s experiences with accounting solutions. Here’s a closer look at the benefits they’ve experienced:
- Sage Intacct Construction significantly improved GTM’s intercompany functionality and consolidations, simplifying complex processes.
- The system has improved GTM’s multi-entity reporting, providing a consolidated and transparent view of financial data across various entities
- The automation of intercompany transactions, as opposed to the previous cumbersome process with NetSuite, has resulted in notable time savings.
- Sage Intacct Construction simplified and streamlined GTM’s AP processes related to intercompany functionality.
- The system seamlessly handles intercompany activity on the back end, relieving the team from manual data entry. This simplified AP process not only saves time but also reduces the chances of errors, contributing to a more accurate and streamlined financial workflow.
- Customized reporting features provided by Sage Intacct Construction empowered GTM with critical insights into project costs. With a heightened need for precision in project reporting, especially in the current market dynamics with evolving interest rates, GTM now possesses the capability to delve into detailed insights.
- GTM is both a production home and semi-custom home builder that offers a diverse range of floor plans strategically located in sought-after communities, ensuring that each customer’s vision is not only met but exceeded.
- What sets GTM apart is their unwavering commitment to quality, a distinctive standard of home features that are inclusive, and their fast build times.
- Specializing in crafting luxurious yet affordable homes, GTM includes numerous upgrades in the home price, from granite countertops to finished garages.
CompuData is a leading Woman Owned IT Company with a wide variety of technology and software solutions. With over 50 years as a technology innovator, our expertise spans a wide range of services from Accounting/ERP software solutions, Private and Public Cloud offerings, Managed IT Services, and Security solutions to help grow, protect, and streamline your business operations. Our team takes a holistic approach to meet customers’ needs and create technology solutions that will position them for success in the marketplace.