Pentaho turns to Intacct financial management software to facilitate rapid growth

Pentaho Corporation is a rapidly growing software company that’s delivering the future of business analytics. Pentaho's rapid growth and international expansion increased the complexity of the their financial processes and reporting, which its basic QuickBooks accounting software couldn’t easily support. Pentaho switched to Intacct to automate its accounting and financial management processes, especially surrounding the company’s complex revenue scenarios and global consolidations.

When we evaluated competing financial management solutions, Intacct was best suited to meet our needs in several key areas, including multi-entity and multi-currency management and advanced revenue management.
Doug Johnson
Executive VP and COO
Pentaho

Previous business challenges

  • Fast-growing software company needed to streamline complex revenue management
  • Required multi-entity, multicurrency capabilities to support global business expansion
  • Maintain ASC 985-605 compliance for software revenue recognition
  • Looking to integrate financial management with existing Salesforce CRM and other enterprise systems
  • Wanted greater transparency and visibility into financial data

Results with Intacct

  • Automated processes delivered time savings data accuracy
  • Sped monthly close by weeks, while gaining ability to easily track, manage, and report on international entities in multiple currencies
  • Developed rapid quote-to-cash process via tight integration with Salesforce and sophisticated revenue recognition capabilities
  • Avoided multiple full time employee hires
  • Improved financial visibility, providing executives with better and more complete data from which to make decisions
INDUSTRY
  • Software & SaaS