What financial, time savings, or quality of life improvements will occur with this:
- Financial Improvements: This will directly eliminate an immediate sales bottleneck - high-value deals with multi-site companies are sometimes intimidated by the cost and complexity of custom development projects just to see their combined business performance. Making this a standard, native feature allows us to confidently close these prospects quickly. It also positions Striven as an unbeatable, out-of-the-box alternative to expensive mid-market ERPs like NetSuite or Sage Intacct.
- Time Savings: Saves accountants and bookkeepers hours of tedious manual data manipulation every single month-end. They will no longer need to log into individual entity databases, export separate Trial Balances, P&Ls, and Balance Sheets, and stitch them together manually in spreadsheets.
- Quality of Life: Gives executive teams a single, real-time “Command Center” dashboard to monitor the overall health of their entire business ecosystem at a glance. It also eliminates the human error and stress associated with manually tracking and netting out intercompany transactions (like internal management fees between sister companies).
Attempted solutions so far: We currently address this by proposing custom API integrations or custom software/development requests. While technically viable, presenting a complex custom software project to a prospect who is already overwhelmed transitioning off a manual system adds too much friction. It slows down sales momentum, complicates onboarding, and ultimately causes us to lose deals that could be easy wins.
Digging deep - Any additional Why behind this request / How was this accomplished before Striven:
- The “Why” Behind the Request: Growing small-to-medium businesses frequently set up separate legal entities (with different EINs) for individual locations or properties to isolate liability. Because QuickBooks Online and Desktop famously struggle with multi-entity consolidated reporting, this is the exact pain point that drives these growing businesses to search for an ERP in the first place. If Striven can solve this natively with a simple “Select Entities” filter and standard “Intercompany Elimination” rules in the Report Builder, we remove a major sales obstacle and secure a massive competitive advantage in the mid-market.
- How this was accomplished before Striven: Traditionally, clients had to manually export separate spreadsheets for each entity, open Excel, locate and manually delete intercompany transactions to avoid inflating corporate revenue, and stitch the data together. This manual spreadsheet method is incredibly slow, highly prone to error, and completely out-of-date the moment a single historical entry is modified.