Evariant deploys Intacct’s best-in-class cloud financial management system to improve business operations

A leading software-as-a service (SaaS) company serving the healthcare provider market, Evariant brings cloud-based data and analytics to healthcare providers, enabling them to confidently identify and execute on strategic engagement initiatives with key constituents - patients and physicians. Evariant replaced QuickBooks with Intacct for more robust reporting, revenue recognition, and financial controls. With Intacct, Evariant has streamlined its order-to-cash, purchase-to-pay, and monthly financial close processes, while benefitting from great visibility through multi-dimensional dashboards for specific executives and departments.

By implementing Intacct’s sophisticated workflows and audit-quality controls, we’re saving around $75,000 each year from reduced auditing and consulting costs.
James Orsillo
Chief Financial Officer
Evariant

Previous business challenges

  • Required a flexible financial management solution to streamline revenue recognition
  • Wanted to automate time-consuming manual processes and minimize Excel workarounds
  • Needed to integrate financial management with existing Salesforce CRM
  • Looking for departmental reporting and dashboard capabilities for greater visibility into dynamic operations

Results with Intacct

  • Best-in-class system automated revenue recognition and other financial processes
  • Saved $75,000 annually from reduced auditing and consulting costs, thanks to improved financial controls
  • Reduced monthly close by 4 weeks and shaved 20 days off DSO, while saving hours of duplicate data entry each week 
  • Gained ability to easily track, manage, and report on profitability and other financial trends across departments and projects
INDUSTRY
  • Healthcare
  • Software & SaaS