Shopify, Sage Intacct, and ShipHero Integrations Automate Financial Workflows and Fuel Rapid Growth for Lectric eBikes
How it works: Venn Technology integrated Shopify, Sage Intacct, and ShipHero to automate data flow and streamline accounting processes.
Results:
- Automated data flow between systems, saving over 20 hours of manual work per week
- Enabled faster closing of books, reducing the time required by 50%
- Replaced legacy revenue recognition process, providing real-time, accurate reporting
- Set the foundation for scalability, enabling Lectric eBikes to grow its business without adding additional accounting headcount to the finance team
Kudos: "Venn Technology's expertise in middleware tools and their understanding of our unique business processes were crucial to the success of this project. Their team is client-minded, responsive, and eager to help us overcome our challenges.” - Jake Heinrich, Director of Finance at Lectric eBikes
Challenge
Lectric eBikes, the fastest-growing electric bike company in the United States, was using QuickBooks for accounting and had Shopify as their front-end and back-end website. Their warehouse management system (WMS), ShipHero, was not integrated with their accounting system, leading to manual processes and inefficiencies. As the company grew rapidly, selling over 450,000 eBikes in five years, they needed a scalable solution to handle their accounting and finance functions.
The lack of integration between systems meant that the accounting team had to manually enter data from Shopify and ShipHero into QuickBooks. This process was time-consuming, prone to errors, and hindered the company's ability to make quick decisions based on accurate financial data.
Solution
With Jake Heinrich, Director of Finance, at the helm, Lectric eBikes replaced QuickBooks with Sage Intacct and engaged Venn Technology to integrate their systems. Venn Technology built custom integrations between Shopify, Sage Intacct, and ShipHero, creating a seamless data flow between the three systems.
To ensure a smooth transition, Venn worked closely with Brilliant Corners to map fields, enhance data quality, and pilot the integration.
"Our accounting system upgrade wouldn't have happened without the integrations," said Jake Heinrich, Director of Finance at Lectric eBike
The integration automated the transfer of data from Shopify and ShipHero into Sage Intacct, eliminating the need for manual data entry. Heinrich emphasized, "The solution is helping us save on overhead, close the books faster, and make decisions quicker. Without the integration, we would need another headcount." This not only saved their team from hours of manual work but also ensured that the financial data in Sage Intacct was accurate and up-to-date.
"I highly recommend Venn to any company looking to streamline their operations and enable growth through integration," said Jake Heinrich, Director of Finance at Lectric eBike
Venn Technology is proud to have helped Lectric eBikes streamline their accounting operations and set the stage for continued growth. By leveraging Venn's integration expertise, Lectric eBikes has been able to focus on their core business of producing fun and affordable electric bikes, while ensuring that their accounting and finance functions are efficient and scalable.
Companies facing similar challenges in managing multiple systems and manual processes can benefit from Venn's integration expertise and client-centric approach. To learn more about how Venn Technology can help your business, schedule a consultation today.
