Empowering Eastwood Forests For Financial Efficiency
Overview
Eastwood Forests is a brand new investment management company dedicated to forestland investments that generate competitive financial returns and positive ecological impacts.
Even as a young company, the nature of their business requires a robust, intuitive, user-friendly, and highly-automated financial processing system in place from the offset, to prepare them to manage significant funding effectively in the future.
We partnered with Eastwood Forests to set up their systems, dashboards, reporting, and ongoing training in order to make this process as seamless and non-disruptive as possible. The results have included improved management confidence, an empowered accounts team, and significant time saved on manual processing.
Challenge
The Eastwood Forests accounts team had unfortunately never experienced the kind of software onboarding and training they needed in order to maximize the full functionality of their previous processing system. This meant that they weren’t able to take the time to get the most out of the various features, and were getting by with only a basic understanding of how the system worked. They were also using a separate software for rudimentary reporting that had manual, time-consuming elements, offering them no sense of confidence in the data.
Their key challenges included:
- A Lack Of Integration: Eastwood Forests were using multiple programs that were making data integration difficult and frustrating.
- The Need For Simple Reporting: They required tools that allowed for accurate, detailed, and insightful reporting.
- Specific Customization: They needed a user-friendly system tailored to their unique context, needs, and specifications.
Eastwood Forests partnered with Lescault & Walderman to establish a full-spectrum, integrated accounting system that would set them up for success.
Solution
Lescault & Walderman were able to work with the Eastwood Forests accounts team to lay the groundwork for a highly-customized processing system that did exactly what they needed it to do.
We provided guidance to help them set up their new system according to their specific needs, which fortunately required minimal migrations from other programs. Sage Intacct’s powerful, real-time reporting tools now give them accurate, detailed insights into their financials as and when they are needed.
Results
See the tangible outcomes of our collaborative efforts and commitment to helping Eastwood Forests navigate their unique challenges.
Empowered Team
Using a highly-structured approach, Lescault & Walderman helped Eastwood Forests create customized, user-friendly dashboards for effortless, seamless monitoring of AP, AR, and analytics.
CFO Approval
The Eastwood Forests accounts team now feel fully equipped to deliver accurate, real-time data to management at the drop of a hat. Having the trust of their managers has boosted their confidence.
Time Saved
Their new system has saved them significant amounts of time on processing. Management can view status updates themselves, which has minimized interruptions and back-and-forth communications.
“Since we’ve gone live with Sage Intacct, it’s felt like coming home. Thanks to Lescault & Walderman, we’re now able to use the software properly, especially now that we’ve been able to get it up and running the way we need it to run.”
Clare Goodwin
Eastwood Forests Fund Controller
