COMPANY OVERVIEW

Apex Roofing’s Financial Revamp

Apex Roofing and Restoration has been a trusted provider of residential roofing services in the Southeast for over 13 years, completing more than 38,000 projects. As a family-owned business, Apex ranks among the top roofing contractors in the U.S. and holds certifications from leading manufacturers. They specialize in comprehensive roofing solutions, offering inspections, repairs, and replacements.

CHALLENGES

Rapid Growth Exposes Financial Management Limitations

As Apex expanded from a small operation into a multi-division enterprise, limitations in their financial management system became increasingly problematic. They relied on QuickBooks to manage financial activities across ten divisions, each maintaining its own QuickBooks file. This decentralized approach required time-consuming manual consolidation each month, straining resources and increasing the risk of errors in financial reporting.

Apex also faced challenges with revenue recognition, particularly in complying with percentage-of-completion accounting standards. QuickBooks lacked the necessary automation for these transactions, forcing the finance team to make manual adjustments each month to meet GAAP requirements. As transaction volumes increased with each acquisition, so did the risk of errors, further complicating their financial operations.

Recognizing that QuickBooks could not support their evolving needs, Apex sought a more advanced solution to manage complex accounting requirements across multiple entities. The lack of automation and actionable insights was draining internal resources and limiting growth potential.

To address these challenges, Apex searched for a robust, cloud-based ERP system capable of automating essential functions, streamlining financial processes, and integrating seamlessly with other best-in-class cloud solutions.

OUTCOMES

Apex Roofing’s Journey to Streamlined Accounting with Sage Intacct Construction

After evaluating various Enterprise Resource Planning (ERP) solutions, Apex selected Sage Intacct Construction for its comprehensive features tailored to the needs of growing businesses. Sage Intacct’s multi-entity management, construction-focused accounting tools, and scalability supported Apex’s growth objectives. With streamlined accounting and automated processes, Sage Intacct empowers Apex to efficiently manage multiple divisions and make faster, data-driven decisions. Unlike restrictive all-in-one systems, Sage Intacct offers the flexibility to integrate seamlessly with Apex’s existing cloud tools, allowing them to retain their other best-in-class systems without sacrificing functionality.

For the implementation, Apex partnered with CBIZ CompuData. Impressed by CBIZ CompuData’s expertise and understanding of their business, Apex felt confident in their choice. CBIZ CompuData played a crucial role in guiding the team through the implementation process, providing expert technical advice and tailored solutions to address the company’s specific needs.

CBIZ CompuData’s patience and management of Apex’s requirements, including a complex CRM integration with AccuLynx, allowed Apex to overcome substantial technical challenges. The CBIIZ CompuData team collaborated closely with both Apex and their CRM provider to create a solution that could benefit other companies in the industry, highlighting CBIZ CompuData’s commitment to innovation and partnership.

“CBIZ CompuData has been an incredible partner throughout our Sage Intacct implementation. Their team’s patience, flexibility, and technical expertise helped us overcome unexpected challenges smoothly and effectively. They worked closely with us to ensure our unique needs were met, making a complex transition feel effortless. Thanks to their guidance, we were able to go live seamlessly and are now experiencing significant improvements in our financial operations.”

Timothy Burke, President of Apex Roofing and Restoration

RESULTS

Supporting Growth with Scalable Solutions and Strategic Collaboration

The successful partnership with CBIZ CompuData enabled Apex to make significant improvements across their financial operations. With CBIZ CompuData’s collaborative approach and in-depth knowledge of construction-specific accounting needs, the transition to the new system was seamless. This scalable foundation now supports Apex’s ongoing growth and future acquisitions. With manual tasks significantly reduced, their staff can focus on higher-value activities, enhancing productivity and advancing the company’s strategic goals.

Here’s a closer look at some of the results:

• Improved Multi-Entity Management: Sage Intacct Construction allows Apex to manage multiple divisions seamlessly from a single platform, eliminating the need for separate QuickBooks files and enabling centralized data management and streamlined financial reporting.
• Reduced Month-End Close: Apex has successfully reduced their month-end close process from 15 business days to just 10. This efficiency allows for quicker and more reliable financial reporting, transforming a previously resource-intensive process into a streamlined operation, enabling the finance team to allocate resources more effectively.
• Streamlined Financial Processes: By automating critical financial processes, Apex has eliminated cumbersome manual consolidation tasks. This transformation enhances operational efficiency and accuracy, freeing up valuable resources for more impactful business initiatives.
• Enhanced Predictability: Automated revenue recognition aligns with operational metrics, such as the number of roofs sold and built, providing Apex with greater predictability and the ability to proactively manage finances.
• Seamless Integrations with Key Solutions: Sage Intacct Construction’s robust integration capabilities enable Apex to connect seamlessly with various essential systems. For example, the integration between Sage Intacct Construction and AccuLynx allows for real-time mapping of sales contracts directly into the accounting system, ensuring accurate accounts receivable tracking and streamlining the process from sales to financial reporting.
• Increased Visibility and Real-Time Insights:  Sage Intacct Construction’s real-time reporting capabilities have provided Apex with unmatched visibility into their profit and loss statements across all divisions, allowing for daily performance tracking and empowering management to make informed decisions quickly.