Supplier News

US – Joseph Eve CPAs installs Accounting Solution at Seven Clans Casinos

By Phil - 20 January 2016

Joseph Eve CPAs has installed the highly regarded and advanced CasinoEdge Intacct cloud financial management solution at all three Seven Clans Casinos locations in Minnesota.

The software brings greater efficiency, increased control, and a decreased total cost of ownership to the properties.

Additionally, Joseph Eve wrote an update of the casinos’ policies and procedures and performed a finance transformation assessment followed by implementation of the solution.

Edward Hanson, CFO of Red Lake Gaming Enterprises, said: “As a multi-site operator, we needed a solution that would unite our properties’ procedures while at the same time streamlining our overall operations, increasing accounting accuracy, and decreasing wasteful inefficiencies. We have worked with JOSEPH EVE in the past, and when they presented the CasinoEdge Intacct solution, it immediately became clear we had found what we needed.”

Lindan Elliott, Joseph Eve Senior Manager-Consulting said: “Installing our CasinoEdge configuration of the Intacct systems is a major step forward for Seven Clans. In addition to increased efficiencies and more-informed business decision-making, the anticipated ROI for the project is 222 per cent with a projected total cost of ownership that is 63 per cent less than the solution that is being replaced. We are grateful to Seven Clans for the trust they have placed in JOSEPH EVE, and we are confident the CasinoEdge Intacct solution will then deliver measureable results the tribe expects.”

The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.

The CasinoEdge configuration of the Intacct solution allows Seven Clans to increase efficiencies, reduce costs, empower better decision-making and reduce errors. Specifically, the software enables electronic purchasing and purchase approvals from any device (computer, tablet, smartphone), better decision-making utilising user-friendly on-demand reports and dashboards that pair operational data with financial data for any defined time period and increased accuracy through a revenue audit and posting process that is simple, more automated, less error prone, and consistent across all three properties