Customer Success Stories Successful ERP Implementation - Seaport Capital
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Seaport Capital

Private Investment Firm Improves Disaster Recovery, Streamlines Accounting with Acumatica

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Acumatica Cloud ERP solution for Seaport Capital

Company Highlights

Location

New York, USA

Industry

Service Management

System Replaced

Sage Intacct

Sub-Industry

Professional Services, Financial Services, Investment

Number of Employees

1-25

Revenue

$1M-$10M

Product Used

Acumatica General Business Edition

Applications Used

Inter-Company, Expense Management, Multiple Currencies, Contracts Management, Deferred Revenue

Integrations Used

The Assistant Controller

60 Hours

saved per year on intercompany reconciliations

5 Hours

reduced quarterly from intercompany posting time

88%

reduction in number of report pages

Challenges

Seaport Capital, a private investment firm, operated on Sage Business Works and scores of spreadsheets. They lost significant data and corrupted data sitting on on-premises hardware after Hurricane Sandy. The company struggled with manual intercompany transfers and outdated systems, relying heavily on Excel.

“Our accounting software sat on our servers internally, so it wasn’t like we could plug in and access it online.”

Stacy Troiano, Former Controller

Seaport Capital

ERP Solution

Seaport Capital selected Acumatica for its intuitive interface, flexible pricing, ability to connect third-party applications, and make smooth intercompany transfers. The cloud-based platform met their needs for remote access, and Acumatica’s unlimited user pricing was affordable.

“Acumatica is an up-to-date and state-of-the-art system that gives us options.”

Howard Kaufman, CFO

Seaport Capital

Outcome

With Acumatica, Seaport Capital streamlined accounting processes, improved disaster recovery, and boosted productivity. The company reduced manual reconciliations, simplified check runs, and gained peace of mind with remote access and off-site backups.

“Knowing we are backed up completely off-site is really helpful. We can log in from anywhere.”

Stacy Troiano, Former Controller

Seaport Capital

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