K4Connect Selects Sage Intacct to Help Scale with Their Continued GrowthMassey Consulting helps K4 Connect move to Sage Intacct
K4Connect, based in Raleigh, NC, creates solutions that serve and empower older adults and individuals living with disabilities, enhancing their lives by integrating the latest in smart technologies into a single responsive system. Their rapid growth and upcoming revenue recognition needs led them to hire Ellen Grantham, the Triangle area CFO of the year in 2016, to serve as CFO.
With new Series A funding led by Intel Capital, K4Connect was finding it increasingly hard to scale with QuickBooks as their company continued to grow. The company was rapidly growing its team and customer base, including the addition of multiple sales professionals.
K4Connect presently offers a variety of solutions for retirement communities, primarily around its patented connected-life software platform, but including software services and hardware components. With ASC 606 regulations Grantham knew they needed a way to accommodate this variety and automate their system. Sage Intacct offers a contract module that will automate this process and allow K4Connect to remain compliant with current and upcoming regulations
Sage Intacct earned Grantham’s loyalty due to their continued commitment to improvements, for example, the fact they enhance the software four times a year. The ever-evolving software continues to keep up with best practices in accounting year-to-year and was the right solution to bring into K4Connect.
Now that K4Connect has implemented Sage Intacct they are experiencing many benefits, real-time, accurate financial reporting chief among those benefits. Grantham is able to provide P&L reports by customer and have them automatically sent to the Operations VP every week. These reports allow her to demonstrate budget vs. actual by customer.