Client spotlight: Franchise accounting software in action
The Sunray Companies operates 47 locations across 47 entities, including hotels, spas, salons, retail brands, and real estate operations. After moving from Peachtree, now Sage 50, to AccountsIQ, the accounting team still faced duplicate data entry for intercompany transactions and time-consuming consolidated reporting.
With more than 300 recurring transactions across its portfolio, the team sometimes worked late or on weekends to produce reports for individual entities and combine them into consolidated financial statements.
The Sunray Companies selected Gravity Software to centralize financial management, automate intercompany accounting, accelerate consolidated reporting, and integrate with its existing Microsoft 365 applications. With Gravity, the team can now settle intercompany transactions across 47 entities in approximately 30 minutes—a process that previously took days.
“Because we don’t need to hire somebody else for data entry, there’s more money to give (the team) raises to keep them engaged. They don’t feel like their talents are being wasted.”
— Stephanie Welborn, Strategic Resource & Purchasing Manager
Read the full Sunray Companies case study to see how the organization streamlined multi-entity accounting across 47 locations.