Background
Agworld, a subscription-based software company, is the world’s first Collaborative Farming Solution that enables growers, crop consultants, farm staff, precision specialists, and operation managers to truly work as one. Founded in 2008 and based in Australia, Agworld has offices in Perth, Australia; Windsor, Colorado, and Sacramento, California. With Agworld, growers can create a stronger, future-ready farm business through improving their workflow communication and production efficiency. Retailers and consultants create lifelong grower engagement through improving their verification requirements and working in unison with clients from anywhere.
Previous Business Challenges
Agworld was outgrowing Saasu, a small cloud-based accounting software solution, and looking at alternate options as their needs grew. In particular, they were growing internationally with the expansion to the United States and needed a cloud-based accounting solution that could address:
- Board and business unit reporting
- A complex Chart of Account structure to enable departmental reporting
- Owner’s equity to cash flow reporting
- Multiple locations in Australia and the United States
- Revenue recognition schedules
Benefits Realized With AcctTwo
Agworld chose AcctTwo to implement Sage Intacct, a cloud-based accounting software solution. They utilized Sage Intacct’s accounts payable and receivable, general ledger, order entry, purchasing, global consolidations, multi-currency, and revenue management applications. This enabled them to have more comprehensive reporting and a scalable solution that addresses global expansion.
Since Agworld’s implementation they have:
- Implemented dashboard reporting
- Managed their tax reporting/end-of-year financials
- Simplified and streamlined key accounting processes
- Implemented global consolidations
- Integrated Expensify
Agworld has big plans with AcctTwo. They are planning on expanding their offices to Canada and either in Ireland, Netherlands, or Germany. AcctTwo enables Agworld to grow their business without worry that they’ll outgrow their accounting solution.
Highlighted Comments from Agworld's CFO
“The AcctTwo team went above and beyond. Even with the dramatic time zone difference, they were always available and provided great insight. In addition, Sage Intacct forced us to reconsider internal workflows and processes earlier than we envisioned.” Steve Hilton, CFO, Agworld.
