The last five years have hit accounting teams in most US companies and organizations hard. The combination of staff reductions and an overwhelming increase in payables transactions stemming from mergers and acquisitions have dramatically increased the workload. Short staffed financial teams are drowned in transactions from agents in the field, multiple offers, customer projects, credit card transactions email and snail mail. Managing and storing and keeping track of all those documents and receipts remains the most burdensome of challenges.
Ariett, a leading provider of Cloud Purchase to Payment software, announced that New York-based MediaMath, www.mediamath.com, the leading independent programmatic company for marketers, has selected the Ariett platform. With 14 offices around the world and over 655 employees, MediaMath chose Ariett’s unified procurement platform to manage spending, forecast expenses and automate accounts payable across subsidiaries and in multiple currencies with cloud to cloud API integration to Oracle NetSuite.
Ariett News – June 30, 2017 – Ariett, a leading provider of Cloud Purchase to Payment software, announced that Florida-based Symerica Senior Living, an exceptional provider of retirement living for seniors with 18 locations in Canada (known as Symphony Senior Living in Canada) and the United States, has selected Ariett. As an organization spanning many locations, Symerica Senior Living decided on Ariett because the platform would allow them to quickly approve and pay invoices in multiple companies on a unified platform.
Whether you manage companies in silos, or you use a new Cloud accounting solution like Intacct or Oracle NetSuite with multi-entity or subsidiary processing, Ariett Cloud Purchase to Payment software makes it easy for your team to process, approve and pay accounts payable transactions quickly and easily across companies and entities – even for entities with different currencies.
A Cloud Purchasing and Expense Financial App that Produces Balanced Intercompany Accounting Entries
Business growth often involves acquisitions and mergers, as a way of opening new doors in different regions. While growth is wonderful, it sometimes comes with a new set of headaches such as multiple business management solutions, general ledgers (GL), and the challenge of making sense of it all. Each physical location that belongs to a parent company must maintain its own GL, just as the parent company must manage a corporate-wide GL.