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Background

Health Strategies Group is the leader in market access intelligence and research for pharmaceutical and biotech professionals. From health plans to IDNs to ACOs, they transform syndicated and custom research results into practical knowledge and strategic recommendations, so you can move confidently ahead. Health Strategies Group has been providing market intelligence and research to help pharmaceutical and biotechnology professionals navigate the complex drug market since 1992.

Previous Business Challenges

Health Strategies Group was outgrowing its current accounting software, QuickBooks. They needed an accounting solution that would allow them to enter timesheets remotely. Having a cloud-based platform was an essential element in Health Strategies Group’s search criteria. They needed a more robust accounting solution that:

  • Manages revenue recognition schedules
  • Integrates with Salesforce
  • Is cloud based
  • Reduces the use of Excel
  • Is scalable with their business
  • Has project accounting

Benefits Realized With AcctTwo

Health Strategies Group chose to implement AcctTwo's cloud-based, accounting software solution. AcctTwo's platform is the only accounting solution that is recommended by the AICPA. With guidance from AcctTwo, Health Strategies Group seamlessly integrated its ERP with Salesforce, automatde key accounting processes, and now have anytime, anywhere access to their financial data.

“AcctTwo has been a fantastic source of support. The team’s problem-solving capabilities are nothing short of amazing. It is rare to call and hear that something cannot be done, which speaks volumes about AcctTwo’s expertise,” said Frank Sterner, Controller at Health Strategies Group. With Sage Intacct, Health Strategies Group’s team can enter timesheets remotely. It is a huge benefit to be able to do that without third-party integration. Since AcctTwo's implementation, they have:

  • Automated revenue recognition
  • Gained visibility across finances and operations to monitor metrics in real time
  • Improved overall efficiencies
  • Integrated with Salesforce, which provides a unified system
  • Implemented Project Accounting
  • Created complex GAAP reports on standard costs
  • Simplified and streamlined key accounting processes

On April 18th, 2018, Health Strategies Group announced they were acquired by JLL and Water Street. “During the acquisition process, having our financials in Sage Intacct was a big benefit to our organization. We were able to efficiently and accurately provide financial data. I’ve seen a lot of systems in my 30-year career and AcctTwo's is one of the better, if not the best system I’ve used” Frank Sterner, Controller at Health Strategies Group.

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“AcctTwo has been a fantastic source of support. The team’s problem-solving capabilities are nothing short of amazing. It is rare to call and hear that something cannot be done, which speaks volumes about AcctTwo’s expertise."

- Frank Sterner, Health Strategies Group