Higginbotham grows fivefold without adding headcount using Sage Intacct
Insurance broker Higginbotham has fivefolded its revenue and managed over 130 acquisitions without increasing its finance team size, thanks to the cloud-based Sage Intacct system.
Insurance brokerage firm Higginbotham has achieved a fivefold increase in revenue and successfully managed over 130 acquisitions without expanding its finance department. The company credits its rapid, acquisition-led growth to the implementation of the cloud-based Sage Intacct financial management system.
Previously, Higginbotham's financial systems relied on outdated, manual processes, hindering scalability and strategic insights. Tony Haas, Chief Accounting Officer, stated that the limited capabilities of their legacy software slowed down reporting and compliance, becoming a bottleneck for the company's ambitious expansion plans.
By adopting Sage Intacct, Higginbotham gained a flexible, cloud-native platform offering strong automation and multi-entity support. This transition enabled centralized control and streamlined financial reporting, significantly reducing the time needed for critical tasks. Reporting time has been cut from three days to three hours, facilitating quicker decision-making and integration of acquired businesses.
The system's automation and integration capabilities have allowed the finance team to manage increased volume and complexity without needing additional staff. This efficiency has been crucial for handling the integration of numerous acquisitions and ensuring compliance across a diverse, multi-entity structure. Higginbotham plans to continue its growth trajectory, leveraging Sage Intacct to support future expansion.