Ecogy Energy Streamlines Multi-Entity Accounting

As Ecogy Energy expanded and developed different solar utilities, it became extremely difficult to coordinate the accounting for each separate LLC. Their structure and growth had gotten to a place where it was at odds with their current platform's pricing model.

They were forced to establish separate accounts for each new LLC and pay for accounting services separately, which became expensive and time-consuming.

What they needed was a service-based accounting software platform with a flat-fee structure that would aggregate every separate LLC account into one place, allowing them to be easily updated and reviewed.

Ownership was also dissatisfied with their existing service due to its difficulty to examine accounts payable and inefficiencies in requesting account reviews for each LLC.

The initial benefit of Ecogy Energy's switch to SoftLedger was the software's multi-entity functionality that allowed each separate LLC to be in one place, with a standardized chart of accounts.

Each account in SoftLedger could either be viewed separately or collectively, as needed. Similarly, SoftLedger’s rolled-up pricing model was also a good fit for Ecogy Energy. They were able to expand and create additional accounts without increased service fees.

SoftLedger's sophisticated cloud accounting software has allowed them to clean up and streamline their payables approval processes, and now facilitates the easy monitoring and reviewing of the company’s cash flow.