HOUSTON, TX and Jonesboro, May 12, 2015 (GLOBE NEWSWIRE) -- via PRWEB - AcctTwo, a leading consulting firm and provider of cloud-based financial management solutions, announced that E. Ritter & Company has implemented Intacct to help manage more than 20 business entities and provide robust and accurate reporting for top-level management. E. Ritter & Company, parent to Ritter Communications and Ritter Agribusiness, was founded in Marked Tree, Arkansas in 1886. Ritter Communications, headquartered in Jonesboro, began providing local phone service in 1906. Today, Ritter serves 59 communities and more than 45,000 customers in northeast and north central Arkansas and west Tennessee with advanced voice and data services typically found only in major metropolitan areas. Ritter invests heavily in the communities it serves by deploying proven, best in class infrastructure and technology while coupling it with a world-class customer-focused experience. Ritter Agribusiness, located in Marked Tree, is one of the most respected and diverse agricultural businesses in east Arkansas, offering farm management, grain services and cotton ginning/warehousing to area farmers. After a rigorous software evaluation, Ritter chose Intacct over other cloud-based and on-premise solutions as the best fit for the business.
Previous Business Challenges Faced by Ritter:
- Multiple, independent financial systems across divisions drove inconsistencies and inefficiencies in processes and reporting.
- Ritter needed a highly integratable accounting solution to complement the company-wide "best-of-breed" systems upgrade initiative.
- Legacy systems provided the company with limited real-time visibility to consolidated results.
- The ability to drill down through any piece of data in any module has increased the efficiency of the accounting department and other functional managers.
- Intacct's dimensional reporting structure enables financial reporting not only by location and department, but also by product lines and customer types, allowing Ritter's finance team to deliver greater insight into financial operations.
- Implementing Intacct has provided Ritter with a scalable system that is cloud-based and easily integrates with other systems.
- Intacct's focused specialization in accounting systems, compared to broadly focused ERP systems, was a better fit with Ritter's best-of-breed systems strategy.
- Intacct has greater dimensional support and more robust out-of-the-box multi-entity capability than other solutions.
- Intacct was viewed as a more flexible solution with regards to Ritter's future needs to integrate with other systems, and to grow with Ritter's dynamic businesses.
- Visit Ritter Communications and Ritter Agribusiness on the web
- Read the Ritter Communications Blog
- Visit accttwo.com
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About AcctTwo:
AcctTwo is a leading consulting firm and reseller of cloud-based accounting and financial management software. Our sophisticated systems solve the issues growing middle market companies face today. AcctTwo also outsources back office processes, allowing clients to focus on the core competencies of their business. We provide the people, processes, technology, and office facilities to perform these functions, while allowing clients to collaborate interactively through an on-line portal.
AcctTwo is headquartered in Houston, Texas. For more information, please visit http://www.accttwo.com or call 713-744-8400.
Contacts:
Peter Wagner Director of Marketing Cell: 512.415.6846 Email: pwagner(at)accttwo(dot)com
John Silver Vice President of Sales Direct: 713.744.8404 Cell: 210.336.0014 Email: jsilver(at)accttwo(dot)com
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2015/05/prweb12701867.htm
AcctTwo Shared Services Peter Wagner +1 (512)415-6846
