Solve It Stories - Accounting Seed

SOLVE IT STORIES TALES OF CUSTOMER SUCCESS FROM OUR PARTNERS How Accounting Seed helped Co-operatives UK increase its processing efficiency and collaboration by 15%. THE CHALLENGE From high street retailers to community-owned pubs, from fan- owned football clubs to farmer-controlled businesses, co-operatives as a whole are worth £38 billion to the U.K. economy. Co-operatives UK represents thousands of these co-operative businesses, supporting them to start up and thrive with access to expert advice, events, and training. The organization was in need of a new There’s more structure in Accounting accounting system, since its most recent system was pulled from the Seed than our previous accounting market. That system had lacked reporting and general ledger features system had in terms of finding reports needed to run Co-operatives UK’s business without manual that were already there. No one’s processing, which was taking time away from its customer base. The missed any functionality. company was searching for an automated, cloud-based solution that Michael Shepherd could connect to Salesforce and provide seamless management of HEAD OF FINANCES AT Making Tax Digital (MTD) and VAT returns, a tax requirement in the CO-OPERATIVES UK U.K. THE OPPORTUNITY Businesses often need a way to manage funding and reporting for the customers they support. HOW DO THEY ... · Enable unique, custom reporting without consuming valuable time to create and run? · Properly adhere to government regulations? · Find a structured accounting solution that offers a solid general ledger (GL) with GL variables, accounts payable and accounts receivable with custom automation, and time-saving reporting functionality? In the case of Co-operatives UK, it needed a solution that seamlessly integrated with Salesforce to automate its accounting processes. It was able to do this with the help of Accounting Seed.

SOLVE IT STORIES TALES OF CUSTOMER SUCCESS FROM OUR PARTNERS THE SUCCESSFUL OUTCOME It took Co-operatives UK just seven weeks to start using Accounting Seed, versus two years of implementation with its prior accounting system. The company immediately benefited from Accounting Seed’s straightforward nature and seamless design. · The platform offers four GL variables, available · The MTD initiative forced Co-operatives UK to on every piece of documentation and used for update its accounting policies, and Accounting projects and budget reporting, creating a very Seed is equipped for that change, allowing the easy structure for employees to adopt. Now company to know what its accounts will look employees can tag expenses appropriately for like several months in advance of year end. accurate project management, budgeting, and · With the enhanced reporting features, users reporting. can see real-time financial data instantly, and · Accounting Seed was integrated with report writing is faster with the ability to use Co-operatives’ existing systems and connected management reports as a ledger enquirer. to the company’s payroll system through the months in advance of year-end. cloud, which has become a significant resource this year as the company switched from in-office payroll to remote work. With Accounting Seed, I feel THIS HAS RESULTED IN ... more in control of our data, · A 15% increase in both processing efficiency and collaboration and it’s automated — so quick due to increased financial visibility. and simple to use. · 10–15% time back in the finance team’s schedule due to Michael Shepherd automation. HEAD OF FINANCE, CO-OPERATIVES UK · A fully connected business from lead to ledger due to Accounting Seed’s native connection to Salesforce. CONSIDERATIONS FOR CUSTOMERS WHO ARE LOOKING TO MODERNIZE THEIR SELLING PROCESSES · Find an accounting app that has built-in customization so you can adapt your accounting to your business needs. · If you’re a U.K. business, you need an accounting app that can manage and report on Making Tax Digital (MTD). · In the buying process of a new accounting solution, be sure to dig deep into the general ledger capabilities. It’s the heart of your accounting. Learn more about Accounting Seed for Salesforce on AppExchange.