Caystone Solutions

When looking for a software platform to handle internal accounting, client investment tracking, and more, Caystone considered solutions from such vendors as Oracle, Peachtree Software, and Advent Software in addition to Acumatica. Desaree Romer, Caystone’s manager of client and corporate accounting, created an Excel spreadsheet that provided a side-by-side comparison of every considered platform’s features and costs. Acumatica quickly emerged the clear winner for the following reasons:

• Acumatica’s Currency Management Module supports multiple currencies, which was essential to Caystone’s goal of growing its international clientele.
• Acumatica’s ease of use let Caystone staff test and learn system mostly on own, reducing implementation costs.
• Ability to add on other application suites later and also more users without additional costs.
• Customization options allow Caystone to easily tailor reports to fit specific client and partner needs.

Because Acumatica is easy to use, and Caystone needed to minimize deployment costs, Caystone took a hands-on role in the software’s deployment. Caystone employees handled the system testing and primarily trained themselves on Acumatica by reading the user manual. Acumatica’s user-friendly interface and browser-based access is another important feature for Caystone, as it gives its clients immediate, easy access to their own data and reporting.

This benefits clients who want the reassurance of seeing their data themselves. And it benefits Caystone staff by reducing time-consuming client meetings and inquiries. Offering clients web-based access will play an even more important role going forward, as Caystone expands its investment portfolio management business.

Caystone staff also set up sub-accounts in Acumatica to generate detailed reporting. For example, Caystone can create a report that pulls data from Acumatica’s General Ledger (GL), Accounts Payable, and Accounts Receivable modules. A report can use data from subaccounts to show a client which regions of their country generate the most revenues, which in turn helps the client know where to focus efforts. Acumatica’s ability to deliver detailed reporting to Caystone clients is a big differentiator for the company.