LBMC Technology Solutions

The rapid and ongoing technological developments have expanded the scope of financial executives beyond traditional finance and accounting roles. Determining a strategy for accelerated growth and the decisions once siloed within IT or other departments now falls under the purview of financial executives.

Today’s successful finance leaders are tapping into deep technology stacks.

“The integration of financial accounting software with a CRM system streamlines conventional accounting functions like invoice processing, managing sales orders, and handling client payments. But the impact of these solutions is not limited to traditional accounting tasks,” says Stacy Schuettler, CEO at LBMC Technology Solutions. “The data-driven insights serve as a valuable resource for making decisions that transcend the finance department’s domain.”

LBMC’s expertise and efficiency in finance and accounting solutions can be demonstrated through a real-life example: A new CFO grappling with the complexities of relying on QuickBooks and Excel spreadsheets for monthly reconciliations approached LBMC for assistance. After a thorough analysis, LBMC recommended the implementation of the cloud ERP solution, Sage Intacct. In addition to streamlining reporting and decommissioning the 18 Excel spreadsheets, the solution also centralized reporting and financial data. Replacing stacks of manila folders with a dynamic dashboard featuring images and graphs meant they could now be displayed on a 75-inch screen in the boardroom. This reporting functionality enables communication with local and remote board members, improving collaboration and productivity.

The CFO of one of the nation’s largest zoos worked with LBMC to implement Sage Intacct and is now able to get granular data, for example, how much it cost to feed a giraffe for a month, which the zoo’s development team was able to use for fundraising campaigns. In addition, the organization accelerated the monthly close process by 50%, increased finance team efficiency by 30%, cut days from monthly report preparation, and achieved thousands of dollars in cost savings from better spend analysis.

Another CFO who worked with LBMC reported, “[I’m] a better partner to the C-Suite. I’m able to get into analysis for strategic planning rather than just managing tactical financial processes…And that’s removed a tremendous burden for me.”

With its constant focus on emerging technology and successful business models, LBMC Technology Solutions understands the emerging development and new responsibilities the finance department has not historically dealt with – which enables them to provide the necessary industry and technological expertise to help clients take their business to the next level.

Seeking to equip today‘s financial leaders with the technology and the need to overcome challenges and achieve their goals, LBMC Technology Solutions offers deep consulting expertise as well as a wide portfolio of services and solutions including ERP and business application software, CRM and CRX software, managed IT services, intelligent automation and low-code applications.

LBMC Technology Solutions believes in a better approach than the traditional, transactional vendor-client relationship. LBMC values long-term client relationships with an emphasis on meaningful communication, creative problem-solving, and collaborative efforts to achieve mutually beneficial outcomes.